Jim Cramer Makes Big Prediction About Corning (GLW)

We recently published Jim Cramer Said Sandisk Stock Performance is Befuddling & Discussed These 17 Stocks. Corning Incorporated (NYSE:GLW) is one of the stocks discussed by Jim Cramer.

Corning Incorporated (NYSE:GLW) is one of Cramer’s favorite stocks in the data center space. The firm is a glass manufacturer that serves the needs of the telecommunications and consumer electronics industries. Corning Incorporated (NYSE:GLW)’s stock is up by a whopping 302% over the past year and by 98% year-to-date. Bank of America raised the share price target to $186 from $155 and kept a Buy rating on the stock. Similarly, Morgan Stanley raised the target to $140 from $127 and kept an Equal Weight rating. The bank outlined that Corning Incorporated (NYSE:GLW) could benefit from a sustained enthusiasm about its industry. In his recent comments about the company, Cramer commented that the firm was part of his charitable trust and added that fiber was going to take over. This time, he discussed Corning Incorporated (NYSE:GLW) in a tweet and remarked:

“Corning will increase mfg capacity by 10x expand US fiber production capacity by more than 50%–club number”

Pixabay/Public Domain

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