Corning Incorporated (GLW)
NYSE: GLW · Real-Time Price · USD
49.83
+0.68 (1.37%)
Dec 5, 2024, 2:09 PM EST - Market open

Corning Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Corning stock have an average target of 51.17, with a low estimate of 39 and a high estimate of 60. The average target predicts an increase of 2.70% from the current stock price of 49.83.

Analyst Consensus: Buy
Target Low Average Median High
Price $39 $51.17 $51 $60
Change -21.73% +2.70% +2.36% +20.42%
* Price targets were last updated on Oct 30, 2024.

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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 244444
Buy 545555
Hold 543333
Sell 000000
Strong Sell 000000
Total 121212121212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Oppenheimer
Oppenheimer
Buy
Reiterates
$51$58
Buy Reiterates $51$58 +16.41% Oct 30, 2024
JP Morgan
JP Morgan
Buy
Maintains
$55$60
Buy Maintains $55$60 +20.42% Oct 30, 2024
UBS
UBS
Hold
Maintains
$46$51
Hold Maintains $46$51 +2.36% Oct 30, 2024
Deutsche Bank
Deutsche Bank
Strong Buy
Maintains
$49$54
Strong Buy Maintains $49$54 +8.38% Oct 30, 2024
Barclays
Barclays
Hold
Maintains
$40$53
Hold Maintains $40$53 +6.37% Oct 29, 2024
More Analyst Ratings

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%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
11.50B11.30B14.08B14.19B12.59B14.49B15.47B16.60B
Revenue Growth
1.89%-1.74%24.59%0.76%-11.28%15.09%6.78%7.29%
EPS
1.070.541.281.540.681.972.332.67
EPS Growth
-5.74%-49.43%137.04%20.31%-55.84%189.98%18.11%14.64%
Forward PE
-----25.2721.3918.66
No. Analysts -----181816
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
20.0%
14.7%
15.1%
Avg
15.1%
6.8%
7.3%
Low
11.0%
0.6%
1.7%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.