Corning Inc., US2193501051

Corning stock: JPMorgan cuts target for Corning stock to USD 165

Published on 10/23/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 results are due October 27 before the open. Corning stock costs EUR 109.03 on October 23, 2026, down 1.37 percent versus the Xetra close.

Analyst target and reporting date

JPMorgan cut Corning's price target from USD 170.00 to USD 165.00 on October 21, 2026.
Corning's third-quarter 2026 report is scheduled for October 27, 2026 before market open.
Corning stock costs EUR 109.03 at Lang & Schwarz on October 23, 2026 at 3:36 p.m. CEST, minus 1.37 percent versus the Xetra close of October 22, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte US2193501051 und Glasfaserkabel — Corning Inc. Aktien-Flatlay US2193501051 – Zertifikat, ISIN-Karte und Glasfaserkabel auf weißem Marmor, Illustration mit AI erstellt.

JPMorgan lowered its price target for Corning from USD 170.00 to USD 165.00 and maintained a Neutral rating on October 21, 2026, according to Investing.com. The revised target lies 32.86 percent above Corning's USD 124.18 NYSE price as of October 23, 2026 at 9:47 a.m. ET. Corning stock was trading at EUR 109.03 at Lang & Schwarz on October 23, 2026 at 3:36 p.m. CEST, down 1.37 percent versus the Xetra close of October 22, 2026.

Analysts reset the valuation bar

The JPMorgan change leaves a clear split between Corning's operating momentum and valuation discipline. The firm cited valuation concerns while keeping its Neutral rating, and its USD 165.00 target remains above the NYSE price quoted earlier in the session.

Recent results provide the operating counterweight. Corning reported USD 4.74 billion in second-quarter 2026 revenue and adjusted earnings per share of USD 0.78, above the USD 0.76 consensus estimate, while revenue increased 17.10 percent from the prior-year quarter, according to MarketBeat. The same report said Corning's third-quarter 2026 adjusted earnings guidance was USD 0.85 to USD 0.89 per share.

Price position before earnings

The euro quotation sits below the previous Xetra session's close, while the dollar quotation remains within its 52-week range of USD 77.39 to USD 271.78 as of October 23, 2026. Corning's market capitalization was USD 107.0 billion and its price-to-earnings ratio was 56.68 on the same date. The primary listing is on the NYSE under ticker GLW.

What dates matter next?

Corning is scheduled to report third-quarter 2026 results before the market opens on October 27, 2026, with the conference call set for 8:30 a.m. ET, according to Investing.com. The company declared a USD 0.28 quarterly dividend on October 6, 2026, payable on December 11, 2026 to shareholders of record on November 13, 2026, according to Corning.

Comparison with peers

Corning Inc.: minus 1.37 percent, P/E 56.68, market capitalization USD 107.0 billion.

Coherent, Inc. (NYSE, USD): plus 1.53 percent, P/E 51.48, market capitalization USD 41.6 billion.

Amphenol Corporation (NYSE, USD): minus 0.31 percent, P/E 36.34, market capitalization USD 179.6 billion.

Corning enters the earnings window

For investors, the next test is whether the September-quarter report can support the growth rate already reflected in Corning's valuation. The combination of a USD 165.00 JPMorgan target, third-quarter adjusted earnings guidance of USD 0.85 to USD 0.89 and the October 27 reporting date defines the immediate market setup.

The further course of trading is shown by the continuously updated real-time quote of Corning stock.