Corning shares jump over 15% as analysts raise targets and investors increase stakes

Corning Incorporated's shares surged 15.7% on Monday, reaching $258.80 before settling at $255.79, with trading volume nearly doubling the daily average. Several brokerages upgraded their outlook, lifting price targets to $205–$210 and shifting consensus to a "moderate buy" with an average target of $182.62.

The company reported fourth‑quarter earnings of $0.70 EPS, beating estimates, and revenue of $4.34 billion, up 18.1% year‑over‑year. It announced a quarterly dividend of $0.28 per share payable on September 29. Institutional investors added to their positions, highlighted by Simmons Bank increasing its stake by 109.6% to 14,814 shares (about $2 million). Other funds also raised holdings. Insider sales were noted, including shares sold by the CEO and a vice president.