Corning Price Target Raised to $125 as Q4 Sales Jump 14% and Meta Deal Looms
UBS raised its target on Corning to $125 from $109 after Q4 sales rose 14% to $4.41B and EPS jumped 26% to $0.72; free cash flow almost doubled to $1.72B. Management noted a potential $6B Meta optical deal and boosted its Springboard sales goal to $11B.
1. UBS Raises Price Target
On January 30, UBS analyst Joshua Spector lifted the price target on Corning to $125 from $109 and maintained a Buy rating, citing an expanding optical deal pipeline not yet reflected in growth forecasts.
2. Q4 2025 Financial Highlights
Corning reported Q4 revenue of $4.41 billion, a 14% increase year-over-year, with EPS rising 26% to $0.72, operating margin up 170 basis points to 20.2%, and free cash flow nearly doubling to $1.72 billion.
3. Meta Deal and Enhanced Springboard Goals
The company highlighted a multiyear Meta agreement valued up to $6 billion for optical fiber and connectivity solutions and raised its Springboard plan target from $8 billion to $11 billion in incremental annualized sales by 2028.