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We're raising our Corning price target after a shortsighted post-earnings decline
Investors took profits. We weren't among them.
14 words~1 min read
Investors took profits. We weren't among them.
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Shares surged more than 16% after CNBC reported that Corning inked a new deal with Meta Platforms.

The shares are down about 7% in premarket trading.

As strong as Corning's quarterly results were, profit-takers were understandably stepping in.

We're downgrading it back to our 2 rating, meaning we would wait for a pullback before considering adding more shares.

The stock's massive rally in 2026 established a high bar for Tuesday's results.

We're also downgrading the stock in conjunction with the sale.