Corning Incorporated Stock Performance
Corning Incorporated, a global technology-based company, has seen its stock price remain relatively stable. The company’s shares have been influenced by positive trends in the optical industry.
- Recent partnership with CommScope
- Involvement in Apple’s plans to increase its US investment commitment to $600 billion over four years
The US government’s plans to impose tariffs on imported semiconductors may impact Corning’s business. However, the company’s partnership with Apple may help mitigate this effect.
Recent Price Target Increase
UBS has increased Corning’s price target to $65. This increase is based on the company’s stable stock performance and positive trends in the optical industry.
Outlook
Corning’s stock price is expected to remain stable, with a potential increase in the near future. The company’s partnership with Apple and involvement in the US government’s plans to increase investment commitment are contributing factors to its stock performance.