Corning Inc., US2193501051

JPMorgan cuts Corning target to USD 165: Corning stock falls 4.24 percent

Published on 10/22/2026 at 11:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut Corning's target to USD 165 from USD 170 on October 21, 2026. Corning stock costs EUR 114.91, 4.24 percent below Xetra close.

Analyst target and earnings date

JPMorgan cut its Corning target from USD 170.00 to USD 165.00 on October 21, 2026.
Second-quarter core sales reached USD 4.74 billion, up 17.00 percent year over year.
Corning stock was trading at EUR 114.91 at 11:32 a.m. CEST at Lang & Schwarz on October 22, 2026, 4.24 percent below the Xetra close of October 21, 2026.
Corning is scheduled to report third-quarter results on October 27, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte US2193501051 und Glasfaserkabel — Corning Inc. Aktien-Flatlay US2193501051 – Zertifikat, ISIN-Karte und Glasfaserkabel auf weißem Marmor, Illustration mit AI erstellt.

Corning Inc. (ISIN US2193501051) was trading at EUR 114.91 at Lang & Schwarz on October 22, 2026 at 11:32 a.m. CEST, down 4.24 percent versus the Xetra close of October 21, 2026 at EUR 120.00. On October 21, 2026, JPMorgan cut its Corning price target to USD 165.00 from USD 170.00 while keeping a Neutral rating, as Markets Insider reported. The combination puts the analyst revision beside a sharp euro-market move ahead of Corning's next results.

Target cut meets earnings preview

JPMorgan's reduction equals a 2.94 percent cut from USD 170.00 to USD 165.00. The firm expected modestly better third-quarter revenue and margins to support an earnings beat, while its Neutral rating kept the valuation discussion cautious.

The next reporting event is scheduled for October 27, 2026, according to Investing.com. That date gives investors a near-term test of the company's optical communications demand and its third-quarter outlook.

What did Corning report?

In the second quarter of 2026, Corning posted core sales of USD 4.74 billion, up 17.00 percent year over year, core earnings per share of USD 0.78, up 30.00 percent, and an operating margin of 20.90 percent. The figures came from the company's Q2 earnings call transcript published by Yahoo Finance.

Optical Communications was the central growth engine, with second-quarter sales of USD 2.07 billion, up 32.00 percent year over year. Enterprise Networks sales rose 65.00 percent to USD 1.27 billion, while the company guided third-quarter core sales to USD 4.90 billion to USD 5.00 billion and core earnings per share to USD 0.85 to USD 0.89.

Three dated company signals

On September 8, 2026, Corning announced a multiyear Verizon supply agreement for broadband and AI infrastructure, with the company describing it as multi-billion dollar. On September 29, 2026, Corning and AT&T announced an agreement valued at more than USD 3.00 billion. On October 6, 2026, Corning declared a quarterly dividend of USD 0.28 per share, payable on December 11, 2026, to shareholders of record on November 13, 2026, according to Corning.

Dates investors can measure

The next two dated events are the third-quarter results on October 27, 2026, and the dividend record date on November 13, 2026. The dividend payment follows on December 11, 2026, adding a second cash-return date to the calendar.

Stock remains below its yearly high

Corning's euro-market value of EUR 114.91 sits within its 52-week range of EUR 41.78 to EUR 237.25 as of October 22, 2026. The market capitalization was EUR 98.9 billion on the same date, while the primary listing is on the NYSE under ticker GLW.

Corning was trading at EUR 114.91 at Lang & Schwarz on October 22, 2026 at 11:32 a.m. CEST, down 4.24 percent versus the Xetra close of October 21, 2026 at EUR 120.00. The further course of trading is shown by the continuously updated real-time quote of Corning stock.