Corning Incorporated (GLW) continues to see its stock garnering interest from major investment entities such as Bridgewater Associates, Swedbank, Goldman Sachs, and Black Swift Group, despite facing a
EU Competition Investigation. The attraction is driven by the company's rising demand for
AI Data Center Optics and strategic positioning within the AI boom. The stock has shown significant upflux, even receiving 'Moderate Buy' ratings from brokerages and being named one of Goldman Sachs' phase 2 AI stocks, pushing its growth up by 52% YTD. The company's recently reported financial results highlight strong revenue growth and strategic progress, with objectives to add more than $3 billion in annualized sales and achieve a 20% operating margin by the end of 2026, under their
'Springboard' plan. That said, some investors, including Connor Clark & Lunn Investment Management, Townsquare Capital, and Icon Wealth Advisors, have reduced their stock positions in Corning over differing periods. Despite this, Corning's shares continue to rise, with long-term value identified.
Corning Incorporated GLW News Analytics from Wed, 01 May 2024 07:00:00 GMT to Sat, 30 Nov 2024 11:24:32 GMT -
Rating 8
- Innovation 6
- Information 5
- Rumor 3
