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Corning (GLW) Stock Forecast & Price Target

$40.21
+1.46 (+3.77%)
(As of 06/18/2024 ET)

Corning - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$37.92
-5.70% Downside
High Forecast$45.00
Average Forecast$37.92
Low Forecast$29.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
4 Buy rating(s)
3 Buy rating(s)
8 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$37.92$35.00$32.88$38.67
Forecasted Upside-5.70% Downside12.78% Upside14.08% Upside15.51% Upside
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GLW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GLW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Corning Stock vs. The Competition

TypeCorningComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.42
2.60
2.50
Consensus RatingHoldModerate BuyHold
Predicted Upside-5.70% Downside208.68% Upside11.31% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024Mizuho
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J. Roberts
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Boost TargetNeutral ➝ Neutral$36.00 ➝ $42.00+8.40%
6/17/2024Fox Advisors
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 UpgradeEqual Weight ➝ Overweight$45.00+20.81%
6/14/2024Bank of America
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 Boost TargetBuy ➝ Buy$38.00 ➝ $42.00+11.05%
6/13/2024Morgan Stanley
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 DowngradeOverweight ➝ Equal Weight$35.00 ➝ $38.00-0.05%
5/30/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$35.00 ➝ $38.00+4.57%
5/30/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight$37.00 ➝ $43.00+20.99%
4/1/2024Susquehanna
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 Reiterated RatingPositive ➝ Positive$40.00+21.32%
2/1/2024HSBC
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 DowngradeHold ➝ Reduce$29.00-10.74%
1/31/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$28.00 ➝ $35.00+5.11%
10/25/2023Citigroup
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 Lower TargetBuy ➝ Buy$39.00 ➝ $36.00+33.83%
10/25/2023Oppenheimer
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 Lower TargetOutperform ➝ Outperform$42.00 ➝ $37.00+37.75%
10/25/2023Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$37.00 ➝ $30.00+11.69%
6/9/2023888
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 Reiterated RatingUpgrade
2/1/2023Credit Suisse Group
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 Lower TargetOutperform$41.00 ➝ $40.00+15.57%
10/26/2022Susquehanna Bancshares
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 Lower Target$40.00 ➝ $39.00+20.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:06 AM ET.

GLW Forecast - Frequently Asked Questions

What is Corning's stock forecast and purchase recommendation?

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Corning is $37.92, with a high forecast of $45.00 and a low forecast of $29.00. The consensus rating for Corning stock is Hold based on the current 1 sell rating, 5 hold ratings and 6 buy ratings for GLW. Learn more on GLW's analyst rating history.

Do Wall Street analysts like Corning more than its competitors?

Analysts like Corning less than other "computer and technology" companies. The consensus rating for Corning is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how GLW compares to other companies.

Is Corning being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Corning's stock had 2 upgrades and 1 downgrade by analysts.

Does Corning's stock price have much upside?

According to analysts, Corning's stock has a predicted upside of 12.88% based on their 12-month stock forecasts.

What analysts cover Corning?

Corning has been rated by research analysts at Bank of America, Fox Advisors, JPMorgan Chase & Co., Mizuho, Morgan Stanley, Susquehanna, and UBS Group in the past 90 days.


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This page (NYSE:GLW) was last updated on 6/19/2024 by MarketBeat.com Staff

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