From Financial Modeling Prep: 2024-07-09 17:07:00

Corning (NYSE:GLW) saw a 3% increase in shares after Argus analysts raised their price target to $50 from $40, maintaining a Buy rating. The company raised Q2 2024 guidance to $3.6 billion in core revenue, up from $3.4 billion, with EPS expected to be at or above $0.42-$0.46 per share. Corning’s “Springboard” program aims to grow revenue by $3 billion over three years, driven by secular and cyclical factors. CEO Wendell Weeks is confident in the company’s capacity for expansion. Corning anticipates growth across all end markets, leading to increased profit and cash flow.



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