Corning’s Growth Potential in Display Glass Market Justifies Buy Rating

J.P. Morgan analyst Samik Chatterjee has maintained their bullish stance on GLW stock, giving a Buy rating on May 22.

Samik Chatterjee has given his Buy rating due to a combination of factors that highlight Corning’s potential for growth in the Display glass market. The stability in LCD TV panel pricing, which has remained flat despite historical trends of decline, suggests a resilient market outlook. This stability is expected to continue into June, which aligns with expectations that TV makers will increase panel purchasing volumes in the third quarter of 2025.
Moreover, Corning’s significant role as a supplier to major panel manufacturers like BOE, which leads in large-area panel shipments, positions it well to benefit from any uptick in demand. The company’s strong market share in the LCD display segment, which covers a vast majority of the global viewing area, further supports the positive outlook. These factors collectively underpin Chatterjee’s confidence in Corning’s growth prospects, justifying the Buy rating.

According to TipRanks, Chatterjee is a 5-star analyst with an average return of 11.6% and a 59.60% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Apple, Super Micro Computer, and Cisco Systems.

In another report released on May 22, Bank of America Securities also maintained a Buy rating on the stock with a $56.00 price target.