Corning price target raised to $210 from $120 at Oppenheimer

Oppenheimer raised the firm’s price target on Corning (GLW) to $210 from $120 and keeps an Outperform rating on the shares. The firm attended Corning’s investor day on May 6 and left impressed with its upgraded Springboard plan. The company showcased a 2027-2030 AI optical infrastructure growth framework with newly introduced photonic MAP. Management’s high-confidence plan calls for $27B/$35B annualized sales by year-end 2028/year-end 2030, and internal targets of $30B/$40B.