Corning (GLW) Gets Price Target Boost from Mizuho and BofA

Corning Incorporated (NYSE:GLW) is one of the 10 Best Performing Blue Chip Stocks to Buy. On April 2, Mizuho lifted its price target on Corning Incorporated (NYSE:GLW) from $145 to $155 and maintained its Outperform rating on the stock.

As part of a March quarter preview, the research firm adjusted price targets for chemicals and packaging stocks. Mizuho pointed out that 5% of global polyethylene demand may need to be reduced to match the lower supply coming from the Middle East. According to the research note, this situation could benefit some supplies because of higher prices, while others may face challenges due to shortages.

Corning (GLW) Gets Price Target Boost from Mizuho and BofA

Pixabay/Public Domain

Earlier, on March 23, BofA Securities also raised its price target on Corning Incorporated (NYSE:GLW) from $144 to $155 and kept its Buy rating on the stock.

The research firm said it is increasing its price targets on a higher multiple to reflect greater confidence in the optical cycle playing out, along with expectations of higher content per GPU in scale out.

Corning Incorporated (NYSE:GLW) is a global materials science company that develops and manufactures advanced glass, ceramics, and optical products. It serves several markets, including optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.

While we acknowledge the risk and potential of GLW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GLW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Performing Stocks of Q1 2026 to Watch for Q2 and 10 Best Car Stocks to Buy in 2026.

Disclosure: None.  Follow Insider Monkey on Google News.