Corning (GLW) Shares Rise: Key Information You Should Be Aware Of

Recent Developments for Corning

Corning (NYSE:GLW), a leading producer of glass and electronic components, saw its stock climb 3.8% during the afternoon after Bank of America increased its price target from $95 to $110, maintaining a Buy recommendation.

This upbeat analyst update arrived just before Corning’s upcoming fourth-quarter earnings announcement. The note highlighted the anticipated launch of Apple’s foldable device as a potential catalyst for Corning’s future growth, especially within its Optical, Solar, and Specialty divisions. The revised price target signals greater confidence in the company’s prospects.

Following the initial surge, Corning’s shares settled at $93.80, marking a 4% gain compared to the previous closing price.

Market Reaction and Performance Overview

Corning’s stock typically experiences low volatility, with only seven instances of price swings exceeding 5% over the past year. Today’s movement suggests that investors view the latest news as significant, though it may not fundamentally alter the market’s perception of the company.

One of the most notable price jumps in the last year occurred six months ago, when Corning’s shares soared 12.7% after the company delivered outstanding second-quarter results that surpassed Wall Street’s expectations, fueled by strong demand for its AI-related offerings.

During that quarter, Corning reported a 12% year-over-year increase in core sales, reaching $4.05 billion, and a 28% rise in core earnings per share to $0.60, both beating analyst forecasts. The Optical Communications segment was a major driver, with enterprise sales surging 81% year-over-year, thanks to heightened demand for generative AI products. The company further boosted investor optimism by projecting third-quarter core sales of approximately $4.2 billion, indicating management’s belief in continued positive momentum.

Since the start of the year, Corning’s stock has risen 3.4%. At $93.80 per share, it is trading near its 52-week high of $95.97, set in December 2025. An investor who put $1,000 into Corning five years ago would now see that investment grow to $2,481.

While much of Wall Street’s attention is on Nvidia’s record highs, a lesser-known semiconductor supplier is quietly leading in a vital AI component that industry giants rely on.