Corning Inc. stock rose 4.8% following several developments. The company announced a $6 billion multiyear agreement with Meta Platforms to supply optical materials for data centers, which contributed to a 7.61% stock surge. Additionally, increased hyperscaler capital expenditures and fiber deployment within data centers have driven optimism around the company's growth prospects. UBS raised its price target to $160, citing potential for long-term contracts with major hyperscalers to grow Corning's market share through the mid-2030s. Morgan Stanley raised its price target to $127 while maintaining an Equal-Weight rating. The company's Q4 2025 financial results and upgraded Springboard Plan targeting $11 billion in incremental sales by 2028 have prompted multiple analysts to adjust price targets upward. A Supreme Court ruling against tariffs also benefited the stock alongside other market movers.
Read full analysisCorning Inc. stock rose 4.8% following several developments. The company announced a $6 billion multiyear agreement with Meta Platforms to supply optical materials for data centers, which contributed to a 7.61% stock surge. Additionally, increased hyperscaler capital expenditures and fiber deployment within data centers have driven optimism around the company's growth prospects. UBS raised its price target to $160, citing potential for long-term contracts with major hyperscalers to grow Corning's market share through the mid-2030s. Morgan Stanley raised its price target to $127 while maintaining an Equal-Weight rating. The company's Q4 2025 financial results and upgraded Springboard Plan targeting $11 billion in incremental sales by 2028 have prompted multiple analysts to adjust price targets upward. A Supreme Court ruling against tariffs also benefited the stock alongside other market movers.
Corning is a 175-year-old materials science company best known for specialty glass and ceramics, with major business lines in optical communications, display technologies, and life sciences. The company has repositioned itself as a critical supplier for AI data center infrastructure through its high-density optical fiber products. A $6 billion multiyear deal with Meta Platforms and successive analyst upgrades have made GLW one of the hottest AI-adjacent plays in the S&P 500 this year.