Forecast Of The Day: Corning Display Technologies Revenue

+12.84%
Upside
37.38
Market
42.18
Trefis
GLW: Corning logo
GLW
Corning

What?

Corning (NYSE:GLW) Display Technologies’ revenue declined from $3.25 billion in 2019 to around $3.17 billion in 2020. Trefis expects the number to rise to $3.55 billion in 2021 and to around $3.84 billion in 2022.

Corning Display Technologies’ revenues primarily include sales of glass substrates for active-matrix liquid crystal displays (LCDs) manufactured by Corning.

Relevant Articles
  1. What To Expect From Corning’s Q2?
  2. Is Corning Stock A Buy, Sell, Or Hold At $32?
  3. How Are Apple Vendors Stocks Faring This Year?
  4. Here’s A Better Pick Over Corning Stock
  5. How Will Apple’s Vendors Fare As iPhone Demand Cools
  6. Should You Buy Corning Stock After Its Recent Rally?

Why?

While growth was impacted in 2020 due to the Covid-19 pandemic, we expect long-term growth to be driven by higher capital investments and continued growth in consumer electronics demand.

So What?

We think the projected growth in Corning’s business isn’t fully priced into the stock yet. We value Corning at about $49 per share, about 30% ahead of the current market price.

See Our Complete Analysis For Corning

Invest with Trefis Market-Beating Portfolios
See all Trefis Price Estimates