Corning price target raised to $230 from $210 at Oppenheimer
Oppenheimer analyst Martin Yang raised the firm's price target on Corning to $230 from $210 and keeps an Outperform rating on the shares following bullish takeaways from BOE's IR day last week. At that event, BOE Technology Group highlighted Corning as a key ecosystem partner across BOE's next-generation tech roadmap: foldable glass for mobile display, glass-core substrates for AI chips, microLED-based optical interconnects, and glass substrates for solar panels. While revenue contribution is likely a few years out, the firm views the partnership as a strategically meaningful validation of Corning's long-term opportunities beyond the Springboard plan. With shares roughly 27% below June highs, Oppenheimer views the AI-infrastructure unwind as an attractive entry point into Corning's attractive long-term growth story.
Oppenheimer analyst Martin Yang raised the firm's price target on Corning to $230 from $210 and keeps an Outperform rating on the shares following bullish takeaways from BOE's IR day last week.
At that event, BOE Technology Group highlighted Corning as a key ecosystem partner across BOE's next-generation tech roadmap: foldable glass for mobile display, glass-core substrates for AI chips, microLED-based optical interconnects, and glass substrates for solar panels.
While revenue contribution is likely a few years out, the firm views the partnership as a strategically meaningful validation of Corning's long-term opportunities beyond the Springboard plan.
With shares roughly 27% below June highs, Oppenheimer views the AI-infrastructure unwind as an attractive entry point into Corning's attractive long-term growth story.