Corning's Q2 Earnings Expectation Boosted by Citi Analyst

Citi analyst Asiya Merchant increased the price target for Corning (GLW) from $52 to $60, maintaining a Buy rating. The firm is optimistic about positive short-term trends across Corning's various segments. Based on 13 analysts' one-year price targets, the average target price for Corning is $54.64, with an upside of 4.55% from the current price of $52.26. The estimated GF Value for Corning in one year is $39.98, suggesting a downside of 23.5% from the current price.

Title: Citi Analyst Boosts Price Target for Corning; Analyst Consensus Remains Strong

July 2, 2025 - Citi analyst Asiya Merchant has increased the price target for Corning (GLW) from $52 to $60, maintaining a Buy rating on the stock. This upward adjustment comes as the company approaches its second-quarter earnings report, scheduled for July 29. Merchant's optimism is based on positive short-term trends across Corning's various segments, including optical communications, solar, and mobile consumer electronics.

According to Wall Street analysts, the average one-year price target for Corning is $54.64, with a high estimate of $60.00 and a low estimate of $46.30. This average target implies an upside of 4.55% from the current price of $52.26. The consensus recommendation from 16 brokerage firms is a Strong Buy, indicating a rating of 1.9 on a scale of 1 to 5.

GuruFocus estimates the GF Value for Corning in one year to be $39.98, suggesting a downside of 23.5% from the current price. GF Value is calculated based on historical multiples and future performance estimates.

Key Business Developments

Corning reported strong first-quarter results with a 13% year-over-year sales growth to $3.7 billion. The company expanded its operating margin by 250 basis points to 18%, showcasing improved profitability. Corning is confident in its ability to deliver its Springboard plan, aiming to add more than $4 billion in annualized sales and achieve a 20% operating margin by the end of 2026.

Analyst Perspectives

Morgan Stanley's Meta Marshall maintained a Hold rating on Corning with a price target of $50.00. Marshall covers the Technology sector and has an average return of 6.3% and a 58.67% success rate on recommended stocks. The analyst consensus on Corning is a Strong Buy with an average price target of $51.29.

Insider Activity

Recent corporate insider activity indicates a negative sentiment on the stock. Over the past quarter, there has been an increase in insiders selling their shares of GLW, with Ronald L Verkleeren, the SVP Emerging Innovations Group of GLW, selling 20,000 shares for a total of $1,010,400.00.

Conclusion

Despite the positive outlook from analysts, Corning faces potential risks from macroeconomic downturns and existing tariffs, which could impact its growth trajectory. The company's strong demand for its innovations and commitment to customers for solar capacity indicate a promising future, but investors should remain vigilant.

References

[1] https://www.gurufocus.com/news/2971467/citi-analyst-boosts-price-target-for-corning-glw-ahead-of-q2-report-glw-stock-news
[2] https://www.theglobeandmail.com/investing/markets/stocks/GLW/pressreleases/33297196/corning-glw-gets-a-hold-from-morgan-stanley/
[3] https://www.gurufocus.com/news/2972933/chevron-cvx-addresses-mars-crude-composition-changes-cvx-stock-news
[4] https://www.marketbeat.com/instant-alerts/filing-teacher-retirement-system-of-texas-cuts-stock-position-in-owens-corning-inc-nyseoc-2025-07-08/