Corning Incorporated (GLW)
NYSE: GLW · IEX Real-Time Price · USD
31.64
+0.29 (0.91%)
Apr 26, 2024, 11:09 AM EDT - Market open
Corning Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for Corning stock have an average target of 35.44, with a low estimate of 30 and a high estimate of 40. The average target predicts an increase of 12.03% from the current stock price of 31.64.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Corning stock from 9 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Hold | 5 | 5 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 10 | 10 | 9 | 9 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $35 | Buy | Maintains | $35 | +10.64% | Apr 22, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $34 → $36 | Hold | Maintains | $34 → $36 | +13.80% | Apr 11, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $40 | Buy | Maintains | $40 | +26.44% | Apr 1, 2024 |
| Barclays | Barclays | Hold Maintains $28 → $35 | Hold | Maintains | $28 → $35 | +10.64% | Jan 31, 2024 |
| UBS | UBS | Hold Maintains $29 → $32 | Hold | Maintains | $29 → $32 | +1.15% | Jan 11, 2024 |
Financial Forecast
Revenue This Year
13.67B
from 12.59B
Increased by 8.63%
Revenue Next Year
14.67B
from 13.67B
Increased by 7.30%
EPS This Year
1.88
from 0.68
Increased by 176.74%
EPS Next Year
2.18
from 1.88
Increased by 15.92%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.7B | 15.9B | 16.3B |
| Avg | 13.7B | 14.7B | 15.2B |
| Low | 11.9B | 13.6B | 14.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 16.6% | 15.9% | 11.2% |
| Avg | 8.6% | 7.3% | 3.5% |
| Low | -5.1% | -0.9% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 2.08 | 2.58 | 2.94 | 3.69 |
| Avg | 1.88 | 2.18 | 2.36 | 3.55 |
| Low | 1.70 | 1.79 | 1.80 | 3.44 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 205.7% | 37.3% | 34.8% | 56.2% |
| Avg | 176.7% | 15.9% | 8.2% | 50.3% |
| Low | 149.3% | -4.7% | -17.3% | 45.8% |
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.