Corning Extends Rally as AI Data‑Center Optics Draw Fresh Upgrades and Higher Sales Goals

Overview

• Corning shares finished at $142.01 after an 8.43% jump, with a $0.28 quarterly dividend set for payment on March 30 to holders of record as of February 27.
• Bank of America raised its price target to $155 with a Buy rating, joining a recent run of higher targets that included Citigroup’s move to $170.
• Management lifted its Springboard plan, targeting $11 billion in incremental annualized sales over the next two years and boosting this year’s target to $6.5 billion.
• At the OFC 2026 conference, the company showed multicore fiber, co‑packaged optics that bring optics next to chips, and expanded‑beam ferrules, and it licensed its PRIZM TMT connector tech to US Conec to fit more fiber links in tight spaces.
• The growth case is underpinned by a multi‑year Meta supply deal reported up to $6 billion, though a roughly 70 P/E and a recent CEO stock sale highlight valuation and governance watch‑items.