Corning Incorporated (GLW)
NYSE: GLW · Real-Time Price · USD
47.31
+0.25 (0.53%)
Dec 20, 2024, 4:01 PM EST - Market closed
Corning Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Corning stock have an average target of 51.92, with a low estimate of 45 and a high estimate of 60. The average target predicts an increase of 9.74% from the current stock price of 47.31.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Corning stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Buy | 4 | 5 | 5 | 5 | 5 | 5 |
| Hold | 4 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 12 | 12 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $39 → $48 | Hold | Maintains | $39 → $48 | +1.46% | Dec 17, 2024 |
| Oppenheimer | Oppenheimer | Buy Reiterates $51 → $58 | Buy | Reiterates | $51 → $58 | +22.60% | Oct 30, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $55 → $60 | Buy | Maintains | $55 → $60 | +26.82% | Oct 30, 2024 |
| UBS | UBS | Hold Maintains $46 → $51 | Hold | Maintains | $46 → $51 | +7.80% | Oct 30, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $49 → $54 | Strong Buy | Maintains | $49 → $54 | +14.14% | Oct 30, 2024 |
Financial Forecast
Revenue This Year
14.49B
from 12.59B
Increased by 15.09%
Revenue Next Year
15.47B
from 14.49B
Increased by 6.78%
EPS This Year
1.97
from 0.68
Increased by 189.98%
EPS Next Year
2.33
from 1.97
Increased by 18.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.1B | 16.6B | 17.8B |
| Avg | 14.5B | 15.5B | 16.6B |
| Low | 14.0B | 14.6B | 15.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.0% | 14.7% | 15.1% |
| Avg | 15.1% | 6.8% | 7.3% |
| Low | 11.0% | 0.6% | 1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.09 | 2.52 | 3.15 | ||
| Avg | 1.97 | 2.33 | 2.67 | ||
| Low | 1.90 | 2.19 | 2.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 207.3% | 27.8% | 35.3% | ||
| Avg | 190.0% | 18.1% | 14.6% | ||
| Low | 179.6% | 10.8% | 2.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.