UBS believes that Corning could stand to benefit from the ongoing artificial intelligence revolution. The bank upgraded shares of the glass manufacturer to buy from neutral. In the same note, analyst Joshua Spector raised his price target to $84 from $65, signaling 25% upside from Friday’s close. “We upgrade GLW to Buy as we see ongoing AI-driven fiber growth continuing to exceed market expectations, driving sustainable higher growth and re-rating in the stock,” he said. “We believe consensus is not modeling the full GLW fiber content uplift in AI datacenter as fiber density increases, outpacing hyperscaler capex growth in 2027-2029e.” Specifically, data center builds are requiring between four to 16 times more fiber content. This should further increase as next generation processors come more and more to fruition. Corning is the leading producer of fiber optics, and has already been signing contracts with companies to connect data centers within certain distances. Outside of AI, Spector sees growth opportunities for Corning in other industries. “There is a sizeable opportunity in U.S. solar (polysilicon, wafers, modules), where GLW has locked up ~80% of restarted capacity over the next 5 years. Specialty, Life Sciences, and Automotive segments also continue to gain share in a variety of applications,” he added. “Cold form glass is reshaping touchscreen panels in cars (adding content), and potential triple pane house windows (using GLW thinner glass, energy savings), opens up a new opportunity for GLW.” GLW YTD mountain GLW YTD chart Shares of Corning have surged 41% in 2025. The stock climbed more than 1% following the rating change.
