We recently published Jim Cramer Discussed Trump, CEOs & These 10 Stocks. Corning Incorporated is one of the stocks Jim Cramer discussed.
Corning Incorporated is one of the largest glass manufacturers in the world. The shares are up by 104% over the past year and by 12% year-to-date. The firm’s earnings report and a deal with social media giant Meta Platforms have led to several analysts discussing its stock. For instance, Wolfe Research raised Corning Incorporated’s share price target to $130 from $100 and kept an Outperform rating after the Meta deal was announced. The financial firm believes that the deal can double the glass manufacturer’s revenue and might be followed by another one with software giant Microsoft. Similarly, Oppenheimer raised Corning Incorporated’s share price target to $120 from $100 and kept an Outperform rating. It pointed out that the firm can scale its optical business to outdo its first-quarter guidance provided during the latest earnings report. As for Cramer, the CNBC TV host has repeatedly discussed Corning Incorporated’s potential to replace copper inside chips with glass for improved performance. In a tweet, he reiterated the opinion:
“Wait until CNBC Investing Club name Corning starts replacing copper INSIDE the chip….”
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This article is originally published at Insider Monkey.
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