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Analysts lifted their price targets on Corning Inc (NYSE: GLW) post Q4 results.
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Barclays analyst Tim Long raised the price target on Corning to $52 from $47 (26% upside) and reiterated an Overweight rating on the shares.
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The company's results and guidance were above expectations, with continued strength in optical and outperformance in life sciences and Hemlock boosting results.
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JPMorgan analyst Samik Chatterjee raised the price target to $50 from $45 (22% upside) and maintained an Overweight.
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Corning "once again bucked the reoccurring negative sentiment" that was building into the print as it demonstrated resilient sales results and earnings despite facing gross margin headwinds.
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Goldman Sachs analyst Rod Hall upgraded Corning from Neutral to Buy and raised the price target to $50 from $38.
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Price Action: GLW shares traded higher by 4.92% at $41.17 on the last check Thursday.
Latest Ratings for GLW
| Jan 2022 | Susquehanna | Upgrades | Neutral | Positive |
| Jan 2022 | Barclays | Maintains | Overweight | |
| Jan 2022 | JP Morgan | Maintains | Overweight |
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