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Corning Inc. stock reached a new 52-week high, trading at $66.57, with the technology giant now commanding a market capitalization of over $56 billion. InvestingPro analysis indicates the stock is trading in overbought territory. This marks a significant milestone for the company, as its shares have surged by 56.89% over the past year, with particularly strong momentum delivering a 40% gain year-to-date. The impressive growth highlights investor confidence in Corning’s business strategies and market performance. The stock’s rise to this 52-week high reflects positive market sentiment and strong financial results, positioning Corning as a notable player in its industry. According to InvestingPro, which offers comprehensive analysis of 1,400+ stocks through its Pro Research Reports, the stock appears slightly overvalued at current levels, suggesting investors might want to monitor for better entry points.
In other recent news, Corning Incorporated reported impressive financial results for the second quarter of 2025, with earnings per share (EPS) of $0.60, surpassing expectations of $0.57. The company also reported revenues of $4.05 billion, exceeding the anticipated $3.86 billion. This strong performance led to analysts at Oppenheimer raising their price target for Corning to $72 from $55, while maintaining an Outperform rating. Similarly, Mizuho increased its price target to $63 from $59, also keeping an Outperform rating, citing the robust earnings as a key factor.
Meanwhile, T1 Energy Inc announced a strategic agreement with Corning to enhance the U.S. solar supply chain. Under this deal, T1 will source hyper-pure polysilicon and solar wafers from Corning’s Michigan facility, starting in the second half of 2026. These materials will be used at T1’s solar cell facility in Austin and for manufacturing solar modules at their Dallas site. Additionally, Mizuho further raised its price target for Corning to $74 from $63, following positive developments in Corning’s relationship with Apple.
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