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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美東時間10月31日，多家華爾街大行更新了$康寧 (GLW.US)$的評級，目標價介於53美元至58美元。
花旗分析師Asiya Merchant維持買入評級。
巴克萊銀行分析師Tim Long維持持有評級，維持目標價53美元。
德意志銀行分析師Matthew Niknam維持買入評級，並將目標價從49美元上調至54美元。
奧本海默控股分析師Martin Yang維持買入評級，並將目標價從51美元上調至58美元。
此外，綜合報道，$康寧 (GLW.US)$近期主要分析師觀點如下：
康寧開始意識到光學增長的優勢，以及在顯示屏中利用定價優勢，這有利於強勁的第三季度業績，併爲超過典型季節模式的第四季度業績提供了指引。
在康寧強勁的第三季度業績和更加樂觀的第四季度指引之後，預期已經提高。公司正經歷主要市場的長期和短期積極影響的結合，預計將使其年均核心收益增長在即將到來的三年期間實現中低兩位數。
公司的光學部門是第三季度業績的主要貢獻者，預計將繼續其異常表現，違背通常第四季度的季節性趨勢。公司已經開始實施顯示屏定價行動，預計價格將出現兩位數的增長。
康寧的第三季度業績強勁，展示了37億美元的營業收入和54美分的每股收益，受到適用於GenAI的光學連接產品交易增加的推動。展望第四季度，預計光學和松露部門將經歷順序上升，而其他部門可能會出現下降。
康寧的第三季度核心銷售額和每股收益報告超過了分析師的預期，分別爲37.3億美元和0.54美元，而預期爲37.2億美元和0.53美元。第四季度的指引表明，同比收入將增長15%，同比每股收益將增長41%。這一令人鼓舞的前景主要歸因於光學部門的表現。
以下爲今日4位分析師對$康寧 (GLW.US)$的最新投資評級及目標價：
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