Corning price target raised to $144 from $120 at BofA

BofA raised the firm’s price target on Corning (GLW) to $144 from $120 and keeps a Buy rating on the shares. The firm sizes the total scale out revenue opportunity for Corning at $10.3B in 2030, which it notes is almost four times the size of its current FY25 estimate for Corning’s scale out revenues. On an EPS basis, this translates to about $2.42 of EPS in 2030, the analyst tells investors.