Here is why Corning Incorporated (GLW) is among the Most Overvalued Quantum Computing Stocks According to Short Sellers With a forward P/E of 46.52, Corning Incorporated (NYSE:GLW) is among the 10 Most Overvalued Quantum Computing Stocks According to Short Sellers.
On June 5, UBS analyst Joshua Spector raised the firm’s price target on Corning (GLW) to $228 from $223 and maintained a Buy rating
The analyst noted that, following updates to the firm’s financial model, UBS now expects stronger growth from the company through 2028. Previously, on May 12, Mizuho raised its price target on Corning to $220 from $190 while reiterating an Outperform rating. The firm cited improving business trends and confidence in the company’s growth outlook across its end markets.
Corning Incorporated is a leading materials science company specializing in advanced glass, ceramics, and optical technologies. The company develops products used in telecommunications networks, consumer electronics, automotive applications, life sciences, and semiconductor manufacturing. Among its innovations are specialized low-loss optical fibers and precision optical interconnect technologies that can support next-generation computing architectures, including quantum computing systems that require ultra-fast, high-fidelity data transmission between quantum processors.