Citi raises PT on Corning after rising optical demand from hyperscalers

ReutersSep 24, 2025 2:01 PM

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Citi raises PT on specialty glass maker Corning GLW.N to $93 from $72

Brokerage sees GLW benefiting from increased demand for optical products as cloud companies build bigger AI clusters, needing more and faster fiber‑optic links

Also expects company to benefit from this U.S.‑based solar-supply-chain activity via its exposure to that ecosystem and materials know‑how

Twelve of 15 analysts rate stock "buy" or higher and three "hold"; median PT is $75 - data compiled by LSEG

As of last close, stock up 70.2% YTD

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