UBS Raises Corning Incorporated (GLW) Price Target as Optical Deal Pipeline Expands

Corning Incorporated (NYSE:GLW) is included among 12 Unstoppable Dividend Stocks to Buy According to Analysts.

On January 30, UBS analyst Joshua Spector raised his price recommendation on Corning Incorporated (NYSE:GLW) to $125 from $109. The analyst also maintained a Buy rating on the stock. In a research note, he said management’s earnings commentary pointed to additional optical deals in the pipeline, similar to the company’s agreement with Meta Platforms. Those potential wins are not yet reflected in Corning’s growth targets, leaving room for future upward revisions.

During the Q4 2025 earnings call, CEO Wendell Weeks said the company wrapped up a strong year. Sales rose 14% from a year earlier to $4.41 billion, while earnings per share climbed 26% to $0.72. He noted that operating margin expanded by 170 basis points to 20.2%, allowing Corning to reach its Springboard target a full year ahead of schedule. Return on invested capital also improved, rising 150 basis points to 14.2%.

Weeks pointed to the Springboard plan as a major contributor to that performance. He said free cash flow in 2025 nearly doubled to $1.72 billion, compared with $880 million in 2023.

He also highlighted a major long-term agreement with Meta. Weeks explained that the two companies entered into a multiyear deal valued at up to $6 billion, aimed at supporting Meta’s applications, technologies, and AI initiatives through Corning’s latest optical fiber, cable, and connectivity solutions. He added that Meta will serve as the anchor customer for expanded and upgraded manufacturing and technology capabilities at Corning’s North Carolina operations.

Looking ahead, Weeks said the company has raised the bar for its Springboard plan. Corning now expects to add $11 billion in incremental annualized sales by the end of 2028, up from the original $8 billion goal.

Corning Incorporated (NYSE:GLW) operates as a materials science innovator with businesses spanning Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. Its Optical Communications segment supplies carrier and enterprise network components to the telecommunications industry.

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