Corning (GLW) Stock Forecast & Price Target

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$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

Hold
Based on 12 Analyst Ratings

Consensus Price Target

$37.92
-5.70% Downside

High Forecast	$45.00
Average Forecast	$37.92
Low Forecast	$29.00

Type	Current 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% Downside	12.78% Upside	14.08% Upside	15.51% 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.

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.

Corning Stock vs. The Competition

Type	Corning	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.42	2.60	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-5.70% Downside	208.68% Upside	11.31% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Roberts Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$36.00 ➝ $42.00	+8.40%
6/17/2024	Fox Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$45.00	+20.81%
6/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$38.00 ➝ $42.00	+11.05%
6/13/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Equal Weight	$35.00 ➝ $38.00	-0.05%
5/30/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$35.00 ➝ $38.00	+4.57%
5/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$37.00 ➝ $43.00	+20.99%
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4/1/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Positive ➝ Positive	$40.00	+21.32%
2/1/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Reduce	$29.00	-10.74%
1/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$28.00 ➝ $35.00	+5.11%
10/25/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$39.00 ➝ $36.00	+33.83%
10/25/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$42.00 ➝ $37.00	+37.75%
10/25/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$37.00 ➝ $30.00	+11.69%
6/9/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Upgrade
2/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$41.00 ➝ $40.00	+15.57%
10/26/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		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.