Corning Incorporated (NYSE:GLW) ranks among the best performing S&P 500 stocks in the last 3 months. On September 2, UBS boosted its price target for Corning Incorporated (NYSE:GLW) from $65 to $84 and upgraded it from Neutral to Buy. The firm cited continuous AI-driven fiber expansion that continues to outperform market expectations, which UBS predicts will generate sustained higher growth and a re-rating of the GLW stock.
Through 2027, UBS projects that Corning’s optical division will have a sales CAGT of about 27%, which would account for a large portion of the company’s anticipated 13% overall sales CAGR during this time.
According to the firm’s revised adjusted earnings per share projections, 2026 and 2027 will see year-over-year growth of roughly 24% and 20%, respectively, exceeding consensus estimates by approximately 6% and 13%.
Corning Incorporated is an American multinational company that manufactures damage-resistant cover glass, precision glass for advanced displays, automotive glass, ceramics, optical fiber, wireless technology, and connection solutions.
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This article is originally published at Insider Monkey.
