J. Michael Jones
Corning (NYSE:GLW) has been one of my top picks over the last two years due to its dominant position in multiple market segments, strong pricing power, and the company's prospects in developing technologies like Gen AI. Now that
Corning Q4: Accelerating Growth Supports Buy Rating
Summary
- Corning's Q4 2024 results exceeded expectations in revenue and EPS, with optimistic guidance for Q1 2025, reinforcing my long-term Buy rating.
- The company has entered a period of accelerated revenue growth, with margins expanding even more rapidly.
- Despite somewhat elevated valuation multiples, the stock has significant room for growth, with a $61 price target for 2025 under a base-case scenario.
- Corning's strong performance and growth potential in emerging technologies like Gen AI make it a compelling long-term investment.
I write about growth opportunities in different sectors related to technology, providing analyses of fundamentals that are driven by current and future trends. Senior Data Analyst by day, I am building and managing my own portfolio of tech-related securities, which to date has consistently beaten the market.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of GLW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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