On July 8, 2025, Wolfe Research initiated coverage on Corning (GLW, Financial), a leading innovator in materials science. The respected financial services firm has assigned an "Outperform" rating to the stock. This decision marks the beginning of Wolfe Research's formal analysis and evaluation of Corning (GLW).
The coverage initiation by Wolfe Research, led by analyst George Notter, reflects a positive outlook for Corning (GLW, Financial) in the current market environment. While price targets were not disclosed in the initial coverage, the "Outperform" rating suggests a belief that the stock will perform well compared to its peers in the market.
For investors and market watchers, the initiation of coverage by Wolfe Research on Corning (GLW, Financial) underscores the company's potential for growth and its strategic positioning within its industry. As an organization recognized for its cutting-edge developments, Corning's (GLW) coverage initiation could garner increased investor interest and attention moving forward.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Corning Inc (GLW, Financial) is $53.44 with a high estimate of $60.00 and a low estimate of $44.00. The average target implies an upside of 1.35% from the current price of $52.73. More detailed estimate data can be found on the Corning Inc (GLW) Forecast page.
Based on the consensus recommendation from 16 brokerage firms, Corning Inc's (GLW, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Corning Inc (GLW, Financial) in one year is $39.98, suggesting a downside of 24.18% from the current price of $52.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Corning Inc (GLW) Summary page.
