GLW Stock Forecast: Cheap 5G Smartphones And Cheap 5G Data Plans Are Tailwinds For Corning

August 25, 2021

motek 1The GLW stock forecast was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary

  • The increasing availability of affordable 5G phones is why I have a $48 price target for Corning Glass’ stock.
  • The lockdown rules of the pandemic are not stopping telcos from upgrading their cell sites to 5G. Cheap unlimited 5G plans are fueling 5G smartphone sales.
  • Corning Glass Gorilla is still the dominant brand in smartphone/tablet display glass protection.
  • The antimicrobial properties of the new Gorilla Victus protection glass display make it a must for smart TVs, smartwatches, laptops, tablets, and touchscreen displays.
  • GLW is still an affordable stock with a net income margin higher than 12%. GLW has a Piotroski score of 7.

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