Forecast Of The Day: Corning Specialty Materials Revenue

+12.36%
Upside
37.54
Market
42.18
Trefis
GLW: Corning logo
GLW
Corning

What?

Corning’s (NYSE:GLW) Specialty Materials revenue rose from $1.59 billion in 2019 to $1.88 billion in 2020. We expect revenues to rise to around $2.50 billion in 2021 and $2.70 billion in 2022.

Why?

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?

We expect sales to be driven primarily by the Gorilla Glass smartphone glass, which could also be adapted in new markets and products.

So What?

We think Corning stock is undervalued. We value the company at about $49 per share, about 37% ahead of the current market price.

See Our Complete Analysis For Corning

What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since 2016.

Invest with Trefis Market Beating Portfolios
See all Trefis Price Estimates