Benzinga | Jan 27, 2022 12:23PM EST

Analysts Bump Up Corning Price Target Post Q4 Results

Analysts lifted their price targets on Corning Inc (NYSE:GLW) post Q4 results.

* Barclays analyst Tim Long raised the price target on Corning to $52 from $47 (26% upside) and reiterated an Overweight rating on the shares.

* The company's results and guidance were above expectations, with continued strength in optical and outperformance in life sciences and Hemlock boosting results.

* JPMorgan analyst Samik Chatterjee raised the price target to $50 from $45 (22% upside) and maintained an Overweight.

* Corning "once again bucked the reoccurring negative sentiment" that was building into the print as it demonstrated resilient sales results and earnings despite facing gross margin headwinds.

* Goldman Sachs analyst Rod Hall upgraded Corning from Neutral to Buy and raised the price target to $50 from $38.

* Price Action: GLW shares traded higher by 4.92% at $41.17 on the last check Thursday.