On Oct 30, major Wall Street analysts update their ratings for $Corning (GLW.US)$, with price targets ranging from $53 to $60.
J.P. Morgan analyst Samik Chatterjee maintains with a buy rating, and sets the target price at $60.
BofA Securities analyst Wamsi Mohan maintains with a buy rating, and adjusts the target price from $51 to $56.
Citi analyst Asiya Merchant maintains with a buy rating.
Barclays analyst Tim Long maintains with a hold rating, and maintains the target price at $53.
Deutsche Bank analyst Matthew Niknam maintains with a buy rating, and adjusts the target price from $49 to $54.
Furthermore, according to the comprehensive report, the opinions of $Corning (GLW.US)$'s main analysts recently are as follows:
Corning is beginning to reap the rewards of increased Optical growth and the utilization of its pricing power in Display, which contributed to strong Q3 outcomes and the projection of better than typical results for Q4.
Following Corning's robust third-quarter outcomes and a promising fourth-quarter forecast, expectations have been elevated. The company is reaping advantages from a variety of long-term and short-term favorable conditions within its principal sectors, which positions it for an anticipated mid-teens yearly core earnings expansion over the upcoming three years.
The company's Optical segment was the primary contributor to the third-quarter performance, and it is anticipated to continue its exceptional performance, thus diverging from the typical fourth-quarter seasonality. Additionally, the company's Display segment has begun to reflect pricing actions within the financial model, with anticipated double-digit price increases.
Analysts observed that Corning delivered robust third-quarter results, with revenues amounting to $3.7 billion and earnings per share at 54 cents, primarily driven by the sustained uptake of optical connectivity products suitable for GenAI. Looking ahead to the fourth quarter, there is an anticipation of an upward trajectory in the Optical and Hemlock segments, while a downward trend is expected in the remaining sectors.
Corning's third quarter core sales and EPS were reported to surpass expectations, with figures coming in at $3.73B and $0.54 respectively, compared to the anticipated $3.72B and $0.53. The fourth quarter guidance suggests an anticipated revenue growth of 15% and a 41% increase in EPS on a year-over-year basis. These favorable outcomes, including the guidance, are largely attributed to the performance of the Optical segment.
Here are the latest investment ratings and price targets for $Corning (GLW.US)$ from 6 analysts:
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美东时间10月30日，多家华尔街大行更新了$康宁 (GLW.US)$的评级，目标价介于53美元至60美元。
摩根大通分析师Samik Chatterjee维持买入评级，目标价60美元。
美银证券分析师Wamsi Mohan维持买入评级，并将目标价从51美元上调至56美元。
花旗分析师Asiya Merchant维持买入评级。
巴克莱银行分析师Tim Long维持持有评级，维持目标价53美元。
德意志银行分析师Matthew Niknam维持买入评级，并将目标价从49美元上调至54美元。
此外，综合报道，$康宁 (GLW.US)$近期主要分析师观点如下：
康宁开始受益于光学增长和显示领域定价权的提升，这为强劲的第三季度业绩以及第四季度超过常规预期的业绩提供了支持。
在康宁强劲的第三季度业绩和有前景的第四季度预测之后，市场预期已经提升。该公司在其主要领域内受益于多项长期和短期有利条件，为预计未来三年中等数增长增续行业收益做好了准备。
公司的光学领域是第三季度业绩的主要贡献者，预计将继续出色表现，因此与典型的第四季度季节性业绩有所不同。此外，公司的显示领域已开始反映财务模型内的定价措施，预计价格将大幅上涨。
分析师注意到，康宁交出了强劲的第三季度业绩，营业收入金额为37亿美元，每股收益为54美分，主要受益于适用于GenAI的光纤连接产品的持续增长。展望第四季度，预计光学和银杏领域将呈上升趋势，而其余领域预计将下降。
据报道，康宁第三季度的核心销售额和每股收益超出了预期，分别为37.3亿美元和0.54美元，而预期为37.2亿美元和0.53美元。第四季度的指引显示预计收入增长15%，每股收益年增长率为41%。这些有利业绩，包括指引，主要归因于光学领域的表现。
以下为今日6位分析师对$康宁 (GLW.US)$的最新投资评级及目标价：
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