BofA and Morgan Stanley Lift Corning (GLW) Price Targets

Corning Incorporated (NYSE:GLW) is one of the 12 Best 5G Stocks to Invest in According to Hedge Funds. On January 13, BofA Securities increased its price target on Corning Incorporated (NYSE:GLW) from $95 to $110 and maintained its Buy rating on the stock ahead of the company’s Q4 earnings report scheduled for January 28.

BofA Securities expects Corning Incorporated (NYSE:GLW) to deliver results in line with expectations for the quarter. Looking ahead to fiscal 2026, the research firm believes that the company will likely guide its Display business to remain profitable and provide additional details on its Optical, Solar, and Specialty segments.

Earlier, on December 17, Morgan Stanley also increased its price target on Corning Incorporated (NYSE:GLW) from $82 to $98 and kept an Equal Weight rating on the stock. The research firm noted that the AI trade expanded beyond semiconductor stocks in 2025, benefiting infrastructure companies, especially in the optical space.

Morgan Stanley expects this trend to continue, particularly for optical, through the first half of 2026. However, the firm cautioned that investors will “need to get more selective for full year returns given multiples.”

Corning Incorporated (NYSE:GLW) is a global materials science company that develops and manufactures advanced glass, ceramics, and optical products. It serves several markets, including optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences. The company provides the essential fiber-optic cables and connectivity hardware for 5G network infrastructure.

While we acknowledge the potential of GLW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.