On Oct 31, major Wall Street analysts update their ratings for $Corning (GLW.US)$, with price targets ranging from $53 to $58.
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.
Oppenheimer analyst Martin Yang maintains with a buy rating, and adjusts the target price from $51 to $58.
Furthermore, according to the comprehensive report, the opinions of $Corning (GLW.US)$'s main analysts recently are as follows:
Corning is beginning to realize the advantages of increased Optical growth and the utilization of its pricing leverage in Display, which contributed to strong Q3 outcomes and enabled guidance for results exceeding typical seasonal patterns in Q4.
Following Corning's robust third-quarter results and more optimistic fourth-quarter guidance, expectations have been raised. The company is experiencing a combination of both long-term and short-term positive influences across its principal markets, which is anticipated to position it for mid-teens core earnings expansion annually over the forthcoming three-year period.
The company's Optical segment was the primary contributor to the third-quarter performance, and it is anticipated to continue its exceptional performance, defying the usual fourth-quarter seasonal trends. The company has already begun implementing Display pricing actions, with the anticipation of double-digit price increases.
Corning's Q3 performance was robust, showcasing a revenue of $3.7B and EPS of 54c, propelled by the increased uptake of optical connectivity products suitable for GenAI. Looking towards Q4, a mixed outlook is anticipated with Optical and Hemlock segments predicted to experience a sequential rise, while other sectors may see a decline.
Corning's Q3 core sales and EPS were reported to surpass analysts' projections, coming in at $3.73B and $0.54, respectively, against the anticipated $3.72B and $0.53. The guidance for Q4 suggests a revenue increase of 15% year-over-year and a 41% rise in EPS year-over-year. This encouraging outlook is largely attributed to the performance of the Optical segment.
Here are the latest investment ratings and price targets for $Corning (GLW.US)$ from 4 analysts:
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美东时间10月31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58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。
奥本海默控股分析师Martin Yang维持买入评级，并将目标价从51美元上调至58美元。
此外，综合报道，$康宁 (GLW.US)$近期主要分析师观点如下：
康宁开始意识到光学增长的优势，以及在苹果-显示屏中利用定价杠杠效应，这有助于强劲的Q3业绩，并为Q4超出典型季节模式的结果提供了指引。
在康宁强劲的第三季度业绩和更为乐观的第四季度指引之后，预期已经提高。公司在其主要市场上同时经历着长期和短期正面影响的组合，预计将使其年均核心收益增长率在接下来的三年内达到二位数。
公司的光学部门是第三季度表现的主要贡献者，并且预计会继续表现出色，违背通常第四季度的季节性趋势。公司已经开始实施苹果-显示屏定价行动，预计会出现两位数的价格上涨。
康宁的Q3业绩强劲，营业收入为37亿美元，每股收益为54美分，得益于光学连接产品在GenAI中的接受度增加。展望Q4，预计光学和Hemlock部门将出现顺序上升，而其他领域可能会下降。
康宁的Q3核心销售额和每股收益报告超过了分析师的预测，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。 Q4的指引表明，营业收入同比增长15％，每股收益同比增长41％。这一令人鼓舞的展望在很大程度上归功于光学部门的表现。
以下为今日4位分析师对$康宁 (GLW.US)$的最新投资评级及目标价：
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