Corning (GLW) Price Target Raised to $59 by Mizuho Analyst

Mizuho analyst John Roberts has reaffirmed his "Outperform" rating for Corning and raised the price target from $52 to $59, a 13.46% increase. The updated evaluation reflects strong confidence in the company's growth trajectory and market positioning. The average target price for Corning is $55.79, with a high estimate of $60 and a low estimate of $46.30.

Mizuho analyst John Roberts has reaffirmed his "Outperform" rating for Corning Incorporated (GLW) and raised the price target from $52 to $59, a 13.46% increase. The updated evaluation reflects strong confidence in the company's growth trajectory and market positioning. The average target price for Corning is $55.79, with a high estimate of $60 and a low estimate of $46.30.

The latest revision comes as the market is revising upward the revenue expectations for Corning for FY2025, with forecasts adjusted by 0.15% over the past three months. During the same period, the stock price has changed by 32.70%. This upward revision in revenue estimates, coupled with the analyst's price target increase, indicates a positive outlook for the company's financial performance.

Mizuho's top picks are all specialty and defensive names: Corteva (CTVA), Crown (CCK), and Linde (LIN). The analyst's update reflects the recent market multiple recovery and the potential for a pause in tariffs to pull forward demand, which could create a year-end slowdown. The analyst also notes that underlying end market drivers for other customer verticals remain a watchpoint due to their sensitivity to the macro environment.

While the average 1-year price target for Corning is $51.29, with a low forecast of $42.00 and a high forecast of $56.00, Mizuho's new target of $59 suggests a more optimistic view. The analyst's rating and price target revision highlight the potential for Corning to outperform its peers and the broader market.

References:
[1] https://intellectia.ai/stock/GLW