UBS Raises Corning Incorporated (GLW) Price Target as Optical Deal Pipeline Expands

NodeGuardian · 2026-02-20T13:39:52+00:00

UBS analyst Joshua Spector increased Corning's price target to $125, maintaining a Buy rating, due to promising optical deals and a strong 2025 outlook, including a significant Meta agreement worth up to $6 billion.

NodeGuardian

2026-02-20 13:39:52

Abstract generation in progress

UBS analyst Joshua Spector raised his price target for Corning Incorporated (GLW) to $125 from $109, maintaining a Buy rating. The upgrade follows management’s commentary on additional optical deals in the pipeline, which are similar to the company’s agreement with Meta Platforms and are not yet reflected in growth targets. Corning’s CEO highlighted a strong 2025 with significant sales and earnings growth, an expanded operating margin, and a long-term agreement with Meta valued at up to $6 billion, leading to an increased Springboard plan goal of $11 billion in incremental annualized sales by 2028.

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