Jim Cramer Discusses Major Potential Catalyst For Corning (GLW)

Core Insights - Corning Incorporated (NYSE:GLW) has seen its shares increase by 104% over the past year and by 12% year-to-date, driven by its earnings report and a significant deal with Meta Platforms [1] - Analysts have raised their price targets for Corning, with Wolfe Research increasing it to $130 from $100 and Oppenheimer raising it to $120 from $100, both maintaining an Outperform rating [1] - The deal with Meta is expected to potentially double Corning's revenue, with speculation of a future deal with Microsoft [1] - Jim Cramer has highlighted Corning's potential to replace copper in chips with glass, which could enhance performance [2] Analyst Ratings - Wolfe Research has a new price target of $130 for Corning, citing the positive impact of the Meta deal [1] - Oppenheimer has set a price target of $120, emphasizing the scalability of Corning's optical business [1] Market Performance - Corning's stock has shown significant growth, with a 104% increase over the last year and a 12% increase year-to-date [1]