Corning stock gains 2.33 percent after Truist target hike
Published on 10/03/2026 at 22:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Corning Inc. (ISIN US2193501051) was last at USD 164.16 on the NYSE on October 2, 2026, up 2.33 percent from the prior close of USD 160.42. The immediate catalyst was Truist Financial's target increase from USD 175 to USD 182, reported by MarketBeat on October 2, 2026.
Truist lifts target to USD 182
Truist kept a buy rating while raising its target, giving Corning a fresh analyst catalyst after the stock traded as high as USD 165.14 during the session. MarketBeat also reported a consensus Moderate Buy rating and an average target of USD 174.53 on October 2, 2026.
The target change matters because Corning's reference price remains below both the new Truist target and the broader consensus. That gap reflects expectations for continued growth in fiber, optical connectivity and data-center infrastructure rather than a simple valuation reset.
AT&T contract strengthens fiber visibility
Corning and AT&T announced a multiyear fiber and cable agreement worth more than USD 3 billion on September 29, 2026, according to Corning. The agreement links Corning's Optical Communications business to broadband expansion and rising network demand through a contract with a clearly stated multiyear value.
The latest reported quarter provides a second checkpoint. For Q2 2026, Corning posted USD 4.74 billion in revenue and adjusted EPS of USD 0.78, versus consensus revenue of USD 4.63 billion and EPS of USD 0.76, while revenue increased 17.1 percent year over year, according to MarketBeat.
Next report set for November 3
TradingView lists November 3, 2026, as Corning's next earnings date for Q3 2026 and shows a consensus EPS estimate of USD 0.88, according to TradingView. The next report will test whether the contract pipeline and optical demand are translating into the revenue and earnings acceleration implied by current analyst targets.
Corning stock reaches USD 164.16
Corning stock was last at USD 164.16 on the NYSE on October 2, 2026, at 4:00 p.m. ET, with a session range of USD 159.50 to USD 165.14 and market capitalization of USD 141.4 billion.
Corning stock facts
- Company: Corning Incorporated
- ISIN: US2193501051
- Ticker: GLW
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 164.16
- Market capitalization: USD 141.4 billion (as of October 2, 2026)
- 52-week range: USD 77.39-271.78 (as of October 2, 2026)
- Sector / Industry: Technology / Hardware, Equipment and Parts
- Next earnings date: November 3, 2026
