Analyst Meta Marshall from Morgan Stanley maintained a Hold rating on Corning (GLW – Research Report) and keeping the price target at $49.00.
Meta Marshall has given her Hold rating due to a combination of factors that reflect both opportunities and uncertainties for Corning. The Analyst Day presentation showcased promising growth prospects in Corning’s optical segment, driven by increasing fiber density and advancements in data center technologies. These developments suggest a strong potential for sustained growth in the optical business over the coming years.
However, despite these positive indicators, Marshall remains cautious due to volatility in Corning’s other business areas and valuation concerns. The lack of significant changes in estimates for 2025 and 2026, coupled with macroeconomic uncertainties and high consumer exposure, contribute to the Hold rating. Additionally, while the solar business shows potential for expansion, the overall business environment remains uncertain, prompting a wait-and-see approach until there is more clarity on external factors such as tariffs.
In another report released today, Barclays also maintained a Hold rating on the stock with a $52.00 price target.
Based on the recent corporate insider activity of 118 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GLW in relation to earlier this year.
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