Category: Markets
Published: 2026-06-22T14:42:31.000Z
Truist Securities has increased its price target for Corning (NYSE:GLW) to $205 from $149, while maintaining a Hold rating. This adjustment is based on the strong growth expected from Corning's Optical and Solar segments, which are projected to drive a 17% sales compound annual growth rate between 2026 and 2030, and are critical for AI infrastructure. Despite the raised target and positive outlook for these segments, the firm maintains a Hold rating due to a lack of upside to consensus estimates and a tempered view on valuation, as the stock is currently trading at a high price-to-earnings ratio and near its 52-week high.
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