Mizuho Securities analyst John Roberts CFA has maintained their bullish stance on GLW stock, giving a Buy rating yesterday.
John Roberts CFA’s rating is based on Corning’s strong financial outlook and strategic initiatives. The company has raised its core EPS guidance for March 2025 to the higher end of its previous range, indicating robust performance expectations. Additionally, Corning has increased its sales targets, particularly in the optical glass fiber and solar polysilicon segments, which are poised to benefit from growing demand in data centers and domestic production needs.
Corning’s strategic positioning as the only major U.S. polysilicon producer and its forward integration into wafer production further bolster its growth prospects. The company’s enterprise fiber business is also expected to see accelerated growth, driven by increased adoption and demand from major customers. With a target price of $58, reflecting a favorable valuation, and minimal direct impact from tariffs due to local sourcing, Corning’s stock is well-positioned for future gains.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $68.00 price target.
Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLW in relation to earlier this year.