# Corning Incorporated  Share Price Target ‘$38.42’, now -4.1% Downside Potential

- Link: https://www.directorstalkinterviews.com/corning-incorporated-share-price-target-38.42-now-4.1-downside-potential/4121162129
- Published: 2024-06-25T13:41:51+01:00
- Author: Charlotte Edwards

**Corning Incorporated** which can be found using ticker (GLW) have now 13 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘buy’. The
target price High/Low ranges between $45.00 and $29.00 with the average share target
price sitting at $38.42. (at the time of writing). Now with the previous closing
price of $40.05 this indicates there is a potential downside of -4.1%. Also worth
taking note is the 50 day moving average now sits at $35.07 while the 200 day moving
average is $31.59. The company has a market cap of 34.18B. The stock price for the
company is currently $39.90 USD

 The potential market cap would be $32,788,041,144 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of 55.42, revenue per share of $14.57
and a 2.85% return on assets.

Corning Incorporated is a materials science technology and innovation company. The
Company operates through five segments: Optical Communications, Display Technologies,
Specialty Materials, Environmental Technologies and Life Sciences. The Optical Communications
segment manufactures carrier network and enterprise network components for the telecommunications
industry. The Display Technologies segment manufactures glass substrates for flat
panel liquid crystal displays and other high-performance display panels. Its Specialty
Materials segment is engaged in manufacturing products that provide material formulations
for glass, glass ceramics and fluoride crystals to meet demand for customer needs.
Its Environmental Technologies segment manufactures ceramic substrates and filters
for emission control systems. Its Life Sciences segment manufactures glass and plastic
labware, equipment, media, serum and reagents enabling workflow solutions for drug
discovery and bioproduction.

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