Analyst Sentiment Outlines Long Term Upside for Corning Incorporated (NYSE:GLW)

Shaers of Corning Incorporated (NYSE:GLW) have been recommended as a long term growth pick.  With the firm’s stock price currently trading around $31.70, the firm has proven a solid track record of growth over the recent years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 12.70% earnings per share growth over the past 5 years and 3.50% revenue growth over that same time frame. 

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.  

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Corning Incorporated (NYSE:GLW)’s stock was 30.61%.  Over the last week of the month, it was -1.71%, 11.42% over the last quarter, and  10.68% for the past six months. 

Over the past 50 days, Corning Incorporated’s stock is -1.93% off of the high and 12.09% removed from the low.  Their 52-Week High and Low are as follows: -1.93% (High), 36.05%, (Low). 

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $31.21 on the equity.   Analysts have a consensus recommendation of 2.60 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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