Evaluating Corning: Insights From 10 Financial Analysts
Portfolio Pulse from Benzinga Insights
The article evaluates Corning (NYSE:GLW) based on insights from 10 financial analysts, revealing a mix of bullish and bearish perspectives. Analysts have provided a 12-month price target range of $35.00 to $45.00, with an average target of $39.0, reflecting a 7.05% increase from the previous average. Corning's financial performance shows a revenue decline of -6.39%, but strong net margin, ROE, and ROA. The company's debt-to-equity ratio is higher than the industry average.
June 17, 2024 | 5:00 pm
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Corning (NYSE:GLW) has received mixed ratings from analysts, with a 12-month price target range of $35.00 to $45.00. The average price target has increased by 7.05% to $39.0. Despite a revenue decline of -6.39%, Corning shows strong net margin, ROE, and ROA, but has a higher debt-to-equity ratio than the industry average.
The mixed analyst ratings and increased average price target suggest a positive short-term outlook for Corning. Despite the revenue decline, strong profitability metrics and increased price targets from multiple analysts indicate potential upward movement in the stock price.
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