10 AI News and Ratings Too Important to Miss

8. Corning Incorporated (NYSE:GLW)

Number of Hedge Fund Holders: 46

Corning Incorporated (NYSE:GLW) manufactures a wide range of products across display technologies, optical communications, specialty materials, environmental technologies, and life sciences

On January 30, HSBC upgraded Corning (NYSE:GLW) from Hold to Buy and raised its price target to $60 from $51. Analyst Stephen Bersey highlighted strong AI-driven demand in Corning’s optical business, with enterprise customers leading growth and signs of recovery in the carrier segment. The display segment is expected to remain stable due to price increases in late 2024 and favorable currency hedging for 2025. With improved visibility on main growth drivers and strong first-quarter 2025 guidance, HSBC sees potential for upward revisions at Corning’s upcoming investor meeting. The new price target is based on a P/E of 24x and a revised EPS forecast of $2.50.