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NYSE: GLW
Corning Inc Stock Forecast, Predictions & Price Target

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Analyst price target for GLW

Based on 8 analysts offering 12 month price targets for Corning Inc.
Min Forecast
$36.00+14.32%
Avg Forecast
$41.13+30.6%
Max Forecast
$51.00+61.96%

Should I buy or sell GLW stock?

Based on 8 analysts offering ratings for Corning Inc.
Buy
Strong Buy
4 analysts 50%
Buy
0 analysts 0%
Hold
4 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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GLW stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Deutsche Bank
Bottom 7%
7
HoldMaintains$37.00+17.50%2022-09-15
Citigroup
Bottom 37%
37
HoldMaintains$36.00+14.32%2022-09-09
Susquehanna
Bottom 20%
20
Strong BuyMaintains$40.00+27.02%2022-09-09
Credit Suisse
Bottom 9%
9
HoldInitiates Coverage On$36.00+14.32%2022-08-17
JP Morgan
Top 9%
92
Strong BuyMaintains$41.00+30.20%2022-07-14
Barclays
Top 17%
84
HoldDowngrades$38.00+20.67%2022-05-11
Goldman Sachs
Bottom 3%
3
Strong BuyUpgrades$50.00+58.78%2022-01-27
UBS
Top 5%
96
Strong BuyMaintains$51.00+61.96%2022-01-04

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Forecast return on equity

Is GLW forecast to generate an efficient return?
Company
19.45%
Industry
26.53%
Market
111%
GLW's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is GLW forecast to generate an efficient return on assets?
Company
7.68%
Industry
10.76%
GLW is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

GLW earnings per share forecast

What is GLW's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$2.23-6.3%
Avg 2 year Forecast
$2.48+4.2%
Avg 3 year Forecast
$2.70+13.45%
GLW's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

GLW revenue forecast

What is GLW's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$14.9B+2.23%
Avg 2 year Forecast
$15.7B+7.78%
Avg 3 year Forecast
$16.4B+12.2%
GLW's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

GLW earnings growth forecast

How is GLW forecast to perform vs Electronic Components companies and vs the US market?
Company
1.92%
Industry
2.76%
Market
19.48%
GLW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
GLW's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
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Forecast Earnings Growth vs Savings Rate Forecast

GLW revenue growth forecast

How is GLW forecast to perform vs Electronic Components companies and vs the US market?
Company
3.67%
Industry
4.01%
Market
8.45%
GLW's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
GLW's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

GLW vs Electronic Component Stocks

TickerPricePrice TargetUp/downsideConsensus
GLW$31.49$41.13+30.60%Buy
TEL$118.08$152.57+29.21%Buy
APH$72.40$81.00+11.88%Buy
JBL$61.68$75.60+22.57%Strong Buy
FLEX$18.11$23.00+27.00%Strong Buy

Corning Stock Forecast FAQ

Is Corning Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NYSE: GLW) stock is to Buy GLW stock.

Out of 8 analysts, 4 (50%) are recommending GLW as a Strong Buy, 0 (0%) are recommending GLW as a Buy, 4 (50%) are recommending GLW as a Hold, 0 (0%) are recommending GLW as a Sell, and 0 (0%) are recommending GLW as a Strong Sell.

If you're new to stock investing, here's how to buy Corning stock.

What is GLW's earnings growth forecast for 2022-2024?

(NYSE: GLW) Corning's forecast annual earnings growth rate of 1.92% is not forecast to beat the US Electronic Components industry's average forecast earnings growth rate of 2.76%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.48%.

Corning's earnings in 2022 is $2,002,000,000.On average, 6 Wall Street analysts forecast GLW's earnings for 2022 to be $1,885,059,461, with the lowest GLW earnings forecast at $1,876,606,280, and the highest GLW earnings forecast at $1,901,965,824. On average, 6 Wall Street analysts forecast GLW's earnings for 2023 to be $2,096,388,997, with the lowest GLW earnings forecast at $2,037,216,727, and the highest GLW earnings forecast at $2,240,093,082.

In 2024, GLW is forecast to generate $2,282,358,989 in earnings, with the lowest earnings forecast at $2,164,014,449 and the highest earnings forecast at $2,409,156,710.

What is GLW's revenue growth forecast for 2022-2024?

(NYSE: GLW) Corning's forecast annual revenue growth rate of 3.67% is not forecast to beat the US Electronic Components industry's average forecast revenue growth rate of 4.01%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.45%.

Corning's revenue in 2022 is $14,586,000,000.On average, 5 Wall Street analysts forecast GLW's revenue for 2022 to be $12,605,313,156,604, with the lowest GLW revenue forecast at $12,330,114,762,916, and the highest GLW revenue forecast at $12,787,736,193,352. On average, 5 Wall Street analysts forecast GLW's revenue for 2023 to be $13,289,468,015,178, with the lowest GLW revenue forecast at $12,720,879,981,343, and the highest GLW revenue forecast at $13,584,575,341,793.

In 2024, GLW is forecast to generate $13,834,206,242,898 in revenue, with the lowest revenue forecast at $13,157,867,195,884 and the highest revenue forecast at $14,510,545,289,912.

What is GLW's forecast return on assets (ROA) for 2022-2024?

(NYSE: GLW) forecast ROA is 7.68%, which is lower than the forecast US Electronic Components industry average of 10.76%.

What is GLW's Price Target?

According to 8 Wall Street analysts that have issued a 1 year GLW price target, the average GLW price target is $41.13, with the highest GLW stock price forecast at $51.00 and the lowest GLW stock price forecast at $36.00.

On average, Wall Street analysts predict that Corning's share price could reach $41.13 by Sep 15, 2023. The average Corning stock price prediction forecasts a potential upside of 30.6% from the current GLW share price of $31.49.

What is GLW's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: GLW) Corning's current Earnings Per Share (EPS) is $2.38. On average, analysts forecast that GLW's EPS will be $2.23 for 2022, with the lowest EPS forecast at $2.22, and the highest EPS forecast at $2.25. On average, analysts forecast that GLW's EPS will be $2.48 for 2023, with the lowest EPS forecast at $2.41, and the highest EPS forecast at $2.65. In 2024, GLW's EPS is forecast to hit $2.70 (min: $2.56, max: $2.85).

What is GLW's forecast return on equity (ROE) for 2022-2024?

(NYSE: GLW) forecast ROE is 19.45%, which is considered weak.
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