Corning Inc., US2193501051

JPMorgan cuts target for Corning stock from USD 170.00 to USD 165.00

Published on 10/26/2026 at 16:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 16.60 percent to USD 4.50 billion. Corning stock costs EUR 113.42 on October 26, 2026, up 1.11 percent versus Xetra close.

Analyst note October 21, 2026

JPMorgan cut its Corning target from USD 170.00 to USD 165.00 on October 21, 2026.
Second-quarter revenue reached USD 4.50 billion, up 16.60 percent year over year.
Corning stock costs EUR 113.42 at Lang & Schwarz on October 26, 2026 at 4:16 p.m. CET, 1.11 percent above the Xetra close of October 23, 2026.
Corning declared a USD 0.28 dividend on October 6, 2026, payable December 11, 2026.

Corning Inc., US2193501051, Illustration mit AI erstellt.

JPMorgan cut its price target for Corning stock from USD 170.00 to USD 165.00 on October 21, 2026, while maintaining a Neutral rating, according to Investing.com. The revised target stood 29.29 percent above Corning's USD 127.62 NYSE price at 11:28 a.m. EDT on October 26, 2026. Corning was trading at EUR 113.42 at Lang & Schwarz on October 26, 2026 at 4:16 p.m. CET, up 1.11 percent versus the Xetra close of October 23, 2026 at EUR 112.18.

Quarterly growth remains visible

Corning's latest reported quarter was Q2 FY2026, ended June 30, 2026. Net sales reached USD 4.50 billion, up 16.60 percent from the year-earlier quarter, while net income attributable to Corning was USD 559.00 million, up 19.20 percent, according to Ticker Scout. Optical Communications sales rose 32.30 percent to USD 2.07 billion in the same period, making that segment the clearest quantified growth driver.

Stock sits below its yearly high

The NYSE price of USD 127.62 on October 26, 2026 stood 53.04 percent below the 52-week high of USD 271.78 and above the low of USD 77.39. Corning's market capitalization was USD 109.9 billion and its price-to-earnings ratio was 58.02 at the same market snapshot. The current valuation therefore remains tied to earnings growth that must justify a much higher multiple than the broader hardware comparison in this article.

Dividend dates are already set

Corning's board declared a quarterly dividend of USD 0.28 per share on October 6, 2026. The dividend is payable on December 11, 2026, to shareholders of record on November 13, 2026, according to Corning. The next two dated corporate milestones are therefore November 13, 2026, the record date, and December 11, 2026, the payment date.

Comparison with peers

Corning Inc.: plus 1.11 percent versus the Xetra close, P/E 58.02, market capitalization USD 109.9 billion.
Coherent, Inc. (NYSE, USD): plus 6.07 percent, P/E 53.97, market capitalization USD 43.7 billion.
Amphenol Corporation (NYSE, USD): plus 2.77 percent, P/E 38.06, market capitalization USD 187.8 billion.

What the target reset changes

JPMorgan's lower USD 165.00 target contrasts with Corning's Q2 revenue growth of 16.60 percent and the 32.30 percent increase in Optical Communications sales. The market is weighing that operating momentum against a 58.02 price-to-earnings ratio and a share price still 53.04 percent below its 52-week high.

Corning was trading at EUR 113.42 at Lang & Schwarz on October 26, 2026 at 4:16 p.m. CET, 1.11 percent above the Xetra close of October 23, 2026 at EUR 112.18. The further course of trading is shown by the continuously updated real-time quote of Corning stock.