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Research Alert: CFRA Maintains Buy Opinion On Shares Of Corning Incorporated

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $50 to $225, 53.3x our 2027 EPS estimate, a premium to its three-year historical average P/E at 22.5x. We increase our 2026 EPS estimate by $0.05 to $3.20 and raise 2027's by $0.26 to $4.22. Corning is entering a new phase of accelerating organic growth, particularly starting in 2027, with upgraded targets for annualized sales run rates by 2028 and 2030. This includes ambitious goals such as reaching $30 billion by the end of 2028 and $40 billion by the end of 2030, which represents significant increases from previous plans and demonstrates confidence in sustained expansion. It announced a long-term technology and commercial partnership with NVIDIA. This partnership will create significant opportunities for growth, particularly through new innovations and advanced manufacturing platforms. The partnership highlights Corning's opportunity with new GenAI OEM customers, and is closely linked to its new Photonics Market-Access Platform.

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