Corning stock spikes to fresh highs after Citi lifts target to $170 ahead of OFC
Corning shares surged 5.3% to $159.57 Wednesday, hitting a record $160.76, as investors bet on its role in AI data-center infrastructure. Citi, Morgan Stanley, and Mizuho all raised price targets ahead of the Optical Fiber Communication conference in March. Corning’s $6 billion supply deal with Meta Platforms remains a key anchor. The next dividend of $0.28 per share goes ex-dividend Feb. 26.