Corning (GLW) Stock Surges 5%+ as BofA Upgrades Target Amid AI Optical Expansion
Corning's stock surged over 5% after Bank of America upgraded its price target from $144 to $155, citing the company's strategic positioning in optical connectivity for AI-powered data centers. The company also introduced new products for high-density AI networking applications and reported a 20% revenue growth to $4.22 billion in its latest quarterly earnings.
Corning's stock rose over 5% on March 23, 2026, after Bank of America upgraded its price target. The company introduced new products for AI networking applications at the OFC 2026 conference. Corning granted US Conec a license for its PRIZM TMT optical ferrule technology. The company reported a 20% revenue growth to $4.22 billion in its latest quarterly earnings. Corning's optical communications segment is projected to deliver 15-20% annual revenue growth. The company has earmarked $1.7 billion for capital expenditures in 2026 to expand manufacturing capacity.
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