10 Best-Performing S&P 500 Stocks in the Last 2 Years

5. Corning Incorporated (NYSE:GLW)

On February 27, UBS lifted the price target on Corning Incorporated (NYSE:GLW) to $171, up from $160, and reiterated a Buy rating. This upward price revision is driven by Nvidia’s earnings report, which is a favorable factor for the company’s performance in the times ahead. The firm lowered its long-term projections for 2027 and 2028 to better present a cautious outlook on the ramp-up of CPO and scale-up fiber.

While stating that it could update its estimates if Corning Incorporated (NYSE:GLW) provides a revised framework at the OFC conference, UBS noted that the previous forecasts may have exaggerated the scale-up sales prospects during the early ramp phase.

Just a week earlier, UBS had elevated the price target on Corning Incorporated (NYSE:GLW) to $160 from $125 because of the substantial capex revision from leading data center hyperscalers. The firm believed that the company is well-positioned to benefit from the AI infrastructure buildout, with the accelerating demand for fiber-optic cables. The firm maintained a Buy rating on the company.

Corning Incorporated (NYSE:GLW) is a New York-based company that operates various businesses, including optical communications, specialty materials, automotive, and life sciences. Founded in 1851, the company also provides laboratory products, general labware, polysilicon products, and glassware and equipment.