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This GLW stock price target article is written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First

Summary:

• Corning’s stock has a 1-month price return of +25.72%. I’m still endorsing it as a buy. Corning’s Valor Glass drug packaging  is a pandemic winner.
• The factories in China are again operating at full capacity. The second-half of 2020 will be kind to Corning Glass.
• The headwind from COVID-19 is not just temporary. People and businesses are learning to adapt and function with this pandemic. 
• The pandemic-induced greater demand for more internet bandwidth and cloud computing is a strong tailwind for Corning’s fiber optics products.
• The Price/Sales valuation of GLW is lower than its industry peers. This stock is still therefore a good-value buy.

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