Citi raises PT on Corning after rising optical demand from hyperscalers
ReutersSep 24, 2025 2:01 PM
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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