JPMorgan cuts Corning target to USD 165: Corning stock trades 3.30 percent higher
Published on 10/23/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets, results and trading
- JPMorgan cut its Corning target from USD 170.00 to USD 165.00 on October 21, 2026.
- Second-quarter revenue reached USD 4.74 billion, up 17.10 percent year over year.
- Corning stock trades at EUR 114.19 at 10:38 a.m. CEST at Lang & Schwarz on October 23, 2026, 3.30 percent above the Xetra close of October 22, 2026 at EUR 110.54.
Corning stock (ISIN US2193501051) was trading at EUR 114.19 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST, up 3.30 percent versus the Xetra close of October 22, 2026 at EUR 110.54. Investing.com reported on October 21, 2026 that JPMorgan cut its Corning target from USD 170.00 to USD 165.00 while keeping a Neutral rating.
Three milestones shape the setup
On September 29, 2026, Corning announced an agreement with AT&T worth more than USD 3.00 billion. On October 6, 2026, its board declared a quarterly dividend of USD 0.28 per share, payable on December 11, 2026. On October 21, 2026, JPMorgan reduced its target by USD 5.00, or 2.94 percent, from USD 170.00 to USD 165.00, according to Investing.com.
What does the target cut mean?
The reduction puts valuation ahead of the earlier target, but the operating trend remains measurable. Corning reported second-quarter 2026 revenue of USD 4.74 billion, an increase of 17.10 percent from the prior-year quarter, and adjusted earnings per share of USD 0.78 versus a USD 0.76 consensus estimate, according to MarketBeat. The company set third-quarter 2026 adjusted earnings-per-share guidance at USD 0.85 to USD 0.89.
Two dates shape the calendar
Corning is scheduled to release its next earnings report on October 27, 2026, according to Investing.com. The next dividend is payable on December 11, 2026, to shareholders of record on November 13, 2026, according to Corning.
Valuation meets a higher quote
The current euro quote sits within the reported 52-week range of EUR 66.38 to EUR 237.25 and comes with a market capitalization of EUR 98.3 billion as of October 23, 2026. For investors, the October 27 results now provide the next test of whether high-teens growth can support the valuation debate.
The further course of trading is shown by the continuously updated real-time quote of Corning stock.
Corning stock facts
- Company: Corning Incorporated
- ISIN: US2193501051
- Ticker: GLW
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 10:38 a.m. CEST): EUR 114.19
- Change versus Xetra close: plus 3.30 percent
- Xetra close (October 22, 2026): EUR 110.54
- Market capitalization: EUR 98.3 billion (as of October 23, 2026)
- 52-week range: EUR 66.38-EUR 237.25 (as of October 23, 2026)
- Sector / Industry: Technology / Hardware, Equipment & Parts
Market context: Market report S&P 500.
