$47.34
0.92% today
NYSE, Dec 30, 10:10 pm CET
ISIN
US2193501051
Symbol
GLW

Corning Target price 2024 - Analyst rating & recommendation

Corning Classifications & Recommendation:

Buy
56%
Hold
39%
Sell
6%

Corning Price Target

Target Price $54.62
Price $47.78
Potential
Number of Estimates 13
13 Analysts have issued a price target Corning 2025 . The average Corning target price is $54.62. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 18 analysts: 10 Analysts recommend Corning to buy, 7 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Corning stock has an average upside potential 2025 of . Most analysts recommend the Corning stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 12.59 14.35
10.96% 14.00%
EBITDA Margin 20.89% 26.41%
7.99% 26.41%
Net Margin 4.40% 3.26%
50.41% 25.86%

12 Analysts have issued a sales forecast Corning 2024 . The average Corning sales estimate is

$14.3b
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. This is
13.79% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$14.4b 14.08%
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, the lowest is
$14.3b 13.62%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $12.6b 10.96%
2024
$14.3b 14.00%
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2025
$15.3b 6.50%
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2026
$16.4b 7.38%
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7 Analysts have issued an Corning EBITDA forecast 2024. The average Corning EBITDA estimate is

$3.8b
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. This is
40.63% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$3.9b 43.34%
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, the lowest is
$3.7b 39.05%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $2.6b 18.07%
2024
$3.8b 44.10%
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2025
$4.1b 8.94%
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2026
$4.5b 9.89%
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EBITDA Margin

2023 20.89% 7.99%
2024
26.41% 26.41%
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2025
27.01% 2.27%
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2026
27.65% 2.37%
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5 Corning Analysts have issued a net profit forecast 2024. The average Corning net profit estimate is

$468m
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. This is
219.56% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$635m 333.33%
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, the lowest is
$334m 127.78%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $554m 55.84%
2024
$468m 15.41%
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2025
$1.5b 218.28%
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2026
$1.8b 20.93%
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Net Margin

2023 4.40% 50.41%
2024
3.26% 25.86%
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2025
9.75% 199.08%
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2026
10.98% 12.62%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 0.68 0.58
55.84% 14.71%
P/E 83.07
EV/Sales 3.35

5 Analysts have issued a Corning forecast for earnings per share. The average Corning <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$0.58
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. This is
222.22% higher
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$0.78 333.33%
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, the lowest is
$0.41 127.78%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $0.68 55.84%
2024
$0.58 14.71%
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2025
$1.83 215.52%
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2026
$2.21 20.77%
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P/E ratio

Current 267.23 501.33%
2024
83.07 68.91%
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2025
26.10 68.58%
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2026
21.58 17.32%
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Based on analysts' sales estimates for 2024, the Corning stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 3.81 50.00%
2024
3.35 12.20%
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2025
3.14 6.11%
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2026
2.92 6.87%
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P/S ratio

Current 3.24 63.34%
2024
2.85 12.12%
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2025
2.68 6.11%
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2026
2.49 6.87%
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