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Why Corning Stock Is Falling Today

Source The Motley Fool

Key Points

A Bernstein analyst initiated coverage on Corning.
Corning signed a $3 billion supply agreement with AT&T yesterday.
10 stocks we like better than Corning ›

Heading into the end of September on a bearish note, shares of Corning (NYSE: GLW) are tumbling lower. With an analyst taking a neutral stance on the tech stock, investors are sensing that today's a good time to click the sell button.

As of 3:00 p.m. ET, shares of Corning are down 3.1%.

Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we’re only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout. Continue »

Image source: Getty Images.

Networking stocks are poised to prosper due to AI spending

Initiating coverage with a sector perform rating, Bernstein analyst Daniel Zhu set a $140 price target on Corning stock. Based on Corning's closing price of $158.71 yesterday, Zhu's price target implies a 13.4% downside.

According to Thefly.com, Zhu broadly believes that the significant investments companies are making in developing artificial intelligence (AI) infrastructure will benefit companies specializing in networking and optical solutions, with demand outpacing supply.

The other catalyst for the tech stock's fall today may simply be that investors are taking profits after Corning stock soared yesterday following news that the company had secured a supply agreement with AT&T worth more than $3 billion.

Is Corning stock a buy on the analyst's bearish outlook?

While Zhu's $140 price target may be disappointing to current shareholders -- and potentially dissuade potential investors from starting a position -- it's critical to remember that this is merely one analyst's opinion. A leader in manufacturing optical fiber and specialized glass, Corning is at the forefront of providing materials used in various types of today's tech. Potential investors should therefore take the analyst's price target with a grain of salt and weigh the company's financial health more heavily -- a much better indicator of the stock's allure.

Should you buy stock in Corning right now?

Before you buy stock in Corning, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Corning wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $379,123!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,396,103!*

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*Stock Advisor returns as of September 30, 2026.

Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Corning. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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