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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美東時間10月30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60美元。
摩根大通分析師Samik Chatterjee維持買入評級，目標價60美元。
美銀證券分析師Wamsi Mohan維持買入評級，並將目標價從51美元上調至56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。
此外，綜合報道，$康寧 (GLW.US)$近期主要分析師觀點如下：
康寧開始從增長的光學業務和在蘋果-顯示屏中利用定價權收穫回報，這導致了強勁的第三季度業績和對第四季度優於典型結果的預期。
隨着康寧強勁的第三季度成果和有前途的第四季度預測，期望值已經提升。公司正在從其主要領域中長期和短期有利條件中獲益，從而使其預期未來三年的核心盈利增長可望達到中低十位數。
公司的光學業務部門是第三季度業績的主要貢獻者，並預計將繼續其出色表現，因此脫離了典型的第四季度季節性。此外，公司的蘋果-顯示屏部門已經開始體現在財務模型中的定價行動，預計價格將出現兩位數的增長。
分析師們觀察到康寧交出了強勁的第三季度業績，營業收入達到37億美元，每股收益爲54美分，主要受益於適用於GenAI的光學連接產品的持續增長。展望第四季度，預計光學和鐵杉部門將呈現上升趨勢，而其他部門預計將呈現下降趨勢。
康寧第三季度的核心銷售額和每股收益報告超過了預期，分別達到了37.3億美元和0.54美元，而預期分別爲37.2億美元和0.53美元。第四季度的指導意味着預計營業收入將增長15％，每股收益將同比增長41％。這些有利的結果，包括指導意見，主要歸因於光學業務的表現。
以下爲今日6位分析師對$康寧 (GLW.US)$的最新投資評級及目標價：
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