Corning Incorporated (GLW)
NYSE: GLW · IEX Real-Time Price · USD
38.39
-0.27 (-0.70%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Corning Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Corning stock have an average target of 39.42, with a low estimate of 30 and a high estimate of 45. The average target predicts an increase of 2.68% from the current stock price of 38.39.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 2 |
| Buy | 4 | 4 | 4 | 4 | 5 | 5 |
| Hold | 4 | 4 | 4 | 4 | 4 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 9 | 10 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $38 → $45 | Strong Buy | Maintains | $38 → $45 | +17.22% | Jun 21, 2024 |
| Mizuho | Mizuho | Hold Maintains $36 → $42 | Hold | Maintains | $36 → $42 | +9.40% | Jun 18, 2024 |
| Fox Advisors | Fox Advisors | Hold → Buy Upgrades $45 | Hold → Buy | Upgrades | $45 | +17.22% | Jun 17, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $38 → $42 | Strong Buy | Maintains | $38 → $42 | +9.40% | Jun 14, 2024 |
| Morgan Stanley | Morgan Stanley | Buy → Hold Downgrades $35 → $38 | Buy → Hold | Downgrades | $35 → $38 | -1.02% | Jun 13, 2024 |
Financial Forecast
Revenue This Year
14.04B
from 12.59B
Increased by 11.53%
Revenue Next Year
14.91B
from 14.04B
Increased by 6.16%
EPS This Year
1.90
from 0.68
Increased by 179.51%
EPS Next Year
2.22
from 1.90
Increased by 16.73%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.0B | 16.2B | 16.9B |
| Avg | 14.0B | 14.9B | 15.7B |
| Low | 12.7B | 13.5B | 14.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 18.9% | 15.4% | 13.7% |
| Avg | 11.5% | 6.2% | 5.1% |
| Low | 0.8% | -4.0% | -1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.10 | 2.47 | 2.70 | 3.13 | 3.43 |
| Avg | 1.90 | 2.22 | 2.35 | 3.01 | 3.30 |
| Low | 1.66 | 1.76 | 1.72 | 2.92 | 3.20 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 208.8% | 29.8% | 21.6% | 32.9% | 14.1% |
| Avg | 179.5% | 16.7% | 6.1% | 27.8% | 9.7% |
| Low | 143.6% | -7.2% | -22.3% | 24.0% | 6.5% |
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.