5 Best Booming Stocks to Buy According to Hedge Funds

4. Corning Incorporated (NYSE:GLW)

Corning Incorporated (NYSE:GLW) is one of the best booming stocks to buy according to hedge funds. Corning Incorporated (NYSE:GLW) received rating updates from BofA and Morgan Stanley on April 20. BofA lifted the price target on the stock to $186 from $155, and maintained a Buy rating on the shares. The firm told investors that it sees a path for the company to earn $9.49 in EPS by calendar year 2030 on its base case assumptions, which includes a potential $18.7 billion in scale-out revenue.

Morgan Stanley also raised the price target on Corning Incorporated (NYSE:GLW), taking it to $140 from $127 and reaffirming an Equal Weight rating on the shares. The firm noted that optical stocks have continued to attain new heights, and that it does not expect the enthusiasm for optical names to “wane just yet, as there is nothing that disproves the bull case for now.”

Previously, Corning Incorporated (NYSE:GLW) was downgraded by JPMorgan to Neutral from Overweight on April 16, with the firm adjusting the price target on the stock to $175 from $115.

Corning Incorporated (NYSE:GLW) provides glass for flat panel desktop monitors, notebook computers, display televisions, and other information display applications, carrier network, and enterprise network products. The company’s operations are divided into the following segments: Optical Communications, Display, Specialty Materials, Automotive, and Life Sciences.