Corning announced a $2.5 billion investment to produce all cover glass for iPhone and Apple Watch devices at its Kentucky facility, part of Apple’s broader $600 billion U.S. manufacturing commitment. This expansion will establish the largest precision glass production line ever created for smartphone cover glass, ensuring 100% of these components originate in the U.S. The project is expected to create hundreds of manufacturing and engineering roles in Kentucky, reinforcing Corning’s position as a key partner in Apple’s American Manufacturing Program and strengthening its domestic supply-chain footprint. Over the past three months, 12 analysts have provided assessments of Corning, with 2 rating the stock as bullish, 5 somewhat bullish and 5 indifferent. No bearish ratings were recorded. The average 12-month price target stands at $62.83, representing a 14.59% increase from the prior average target of $54.83; the high estimate is $75.00 and the low is $50.00. Leading firms—including UBS, Morgan Stanley, Oppenheimer and Susquehanna—have recently raised their targets, reflecting confidence in Corning’s growing U.S. investments and resilient end-market demand for advanced materials. On August 6, 2025, Corning secured a spot on Zacks Investment Research’s Rank #1 (Strong Buy) list of income stocks, joining three other dividend-oriented companies selected for their combination of forward yield potential, balance-sheet strength and consistent payout history. This recognition underscores Corning’s commitment to shareholder returns, driven by stable cash flows from segments such as specialty glass, optical fiber and environmental technologies.
Corning announced a $2.5 billion investment to produce all cover glass for iPhone and Apple Watch devices at its Kentucky facility, part of Apple’s broader $600 billion U.S. manufacturing commitment. This expansion will establish the largest precision glass production line ever created for smartphone cover glass, ensuring 100% of these components originate in the U.S. The project is expected to create hundreds of manufacturing and engineering roles in Kentucky, reinforcing Corning’s position as a key partner in Apple’s American Manufacturing Program and strengthening its domestic supply-chain footprint. Over the past three months, 12 analysts have provided assessments of Corning, with 2 rating the stock as bullish, 5 somewhat bullish and 5 indifferent. No bearish ratings were recorded. The average 12-month price target stands at $62.83, representing a 14.59% increase from the prior average target of $54.83; the high estimate is $75.00 and the low is $50.00. Leading firms—including UBS, Morgan Stanley, Oppenheimer and Susquehanna—have recently raised their targets, reflecting confidence in Corning’s growing U.S. investments and resilient end-market demand for advanced materials. On August 6, 2025, Corning secured a spot on Zacks Investment Research’s Rank #1 (Strong Buy) list of income stocks, joining three other dividend-oriented companies selected for their combination of forward yield potential, balance-sheet strength and consistent payout history. This recognition underscores Corning’s commitment to shareholder returns, driven by stable cash flows from segments such as specialty glass, optical fiber and environmental technologies.