Morgan Stanley Keeps Neutral Stance on Corning (GLW) Despite Optical Upside

Group 1 - Morgan Stanley analyst Meta Marshall raised the price target on Corning Incorporated (GLW) to $98 from $82 while maintaining an Equal Weight rating [1] - The AI trade is expected to broaden beyond semiconductor names in 2025, benefiting infrastructure companies tied to optical technology, with momentum likely extending into the first half of 2026 [2] - Corning is positioned at the center of the shift towards optical technology, supplying fiber optic cables that enhance data transmission speed and efficiency, crucial for AI-driven systems [3] Group 2 - Corning reported total revenue of $4.27 billion for Q3 2025, a 14% increase year-over-year, with the optical communications segment contributing $1.65 billion, reflecting a 33% year-over-year growth [4] - Within the optical communications segment, enterprise demand surged, with revenue from enterprise optical products increasing by 58%, primarily driven by AI-related investments [5]