Deep Dive Into Corning Stock: Analyst Perspectives (22 Ratings)
Portfolio Pulse from Benzinga Insights
Corning (NYSE:GLW) has received 22 analyst ratings over the past three months, with a mix of bullish and indifferent sentiments. The average 12-month price target has increased to $44.45, indicating positive expectations. Analysts have adjusted their ratings and price targets, reflecting their response to Corning's market performance and financial indicators. Corning shows strong financial performance with impressive revenue growth, net margin, ROE, and ROA, but has a higher debt-to-equity ratio than industry averages.
August 21, 2024 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Corning has received a mix of bullish and indifferent analyst ratings, with an increased average price target of $44.45. Analysts have adjusted their ratings and price targets, reflecting positive expectations. Corning's strong financial performance is highlighted by impressive revenue growth, net margin, ROE, and ROA, though it has a higher debt-to-equity ratio than industry averages.
The increase in the average price target and the majority of analysts raising their ratings indicate a positive short-term outlook for Corning's stock. The company's strong financial performance supports this sentiment, although the higher debt-to-equity ratio poses a risk. Overall, the positive analyst sentiment and financial indicators suggest a likely upward movement in Corning's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100