Corning's Price Target Raised to $50 by Morgan Stanley

Morgan Stanley has raised Corning's (GLW) price target from $44 to $50, a 13.64% increase, while maintaining its "Equal-Weight" rating. The updated target reflects Morgan Stanley's expectations for Corning's market performance. The average one-year price target from 12 analysts is $53.44, with an average brokerage recommendation of 1.9, indicating "Outperform" status. The estimated GF Value for Corning is $39.98, suggesting a 24.18% downside from the current price.

Morgan Stanley has updated its rating and price target for Corning Inc. (GLW), a leading manufacturer of advanced glass and ceramics. The financial institution maintained its "Equal-Weight" rating but increased the price target from $44 to $50, a 13.64% increase [1]. This adjustment reflects Morgan Stanley's expectations for Corning's market performance and its potential to outperform its peers.

The updated price target of $50 is higher than the current closing price of $52.38 and aligns with the average one-year price target of $53.44 from 12 analysts, which indicates a "Buy" status. The average brokerage recommendation of 1.9 also suggests an "Outperform" status, further emphasizing the positive outlook on Corning's stock [2].

Corning's recent financial performance has been robust, with the company reporting a quarterly revenue of $3.45 billion and a net profit of $157 million for the quarter ending March 31, 2025. These figures represent a significant increase compared to the same period last year, when the company reported a revenue of $2.98 billion and a net profit of $209 million [1].

However, the corporate insider sentiment on Corning's stock has been negative, with an increase in insiders selling their shares over the past quarter. For instance, Ronald L Verkleeren, the SVP Emerging Innovations Group of GLW, sold 20,000 shares for a total of $1,010,400.00 last month [1].

Looking ahead, analysts expect Corning to report a 7.0% increase in revenue for the period ending June 30, 2025, with earnings per share (EPS) estimated at 57 cents. The current average analyst rating on the shares is "Buy," with 11 "Strong Buy" or "Buy" recommendations and 4 "Hold" recommendations [2].

GuruFocus estimates a potential downside to $39.98 for Corning, suggesting a 24.18% downside from the current price of $52.38. This estimate is based on historical trading multiples, past growth, and future business performance estimates [3].

In conclusion, Morgan Stanley's updated price target for Corning Inc. reflects a positive outlook on the company's market performance and potential to outperform its peers. However, investors should consider the recent insider selling activity and the company's upcoming earnings report before making investment decisions.

References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/GLW/pressreleases/33297196/corning-glw-gets-a-hold-from-morgan-stanley/
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3T10QB:0-corning-inc-expected-to-post-earnings-of-57-cents-a-share-earnings-preview/
[3] https://www.gurufocus.com/news/2965086/meta-meta-acquires-stake-in-essilorluxottica-to-boost-ai-wearables