Is Corning Incorporated (GLW) One of the Best Long-Term Growth Stocks to Invest in Now?

Corning Incorporated (NYSE:GLW) is one of the best long-term growth stocks to invest in now. Mizuho lifted the price target on Corning Incorporated (NYSE:GLW) to $270 from $220 on July 1, maintaining an Outperform rating on the shares. The firm told investors in a research note that, as part of a fiscal Q2 earnings preview, it cut price targets for a majority of the stocks under its basic chemical coverage and upped targets for four technology materials stocks. Mizuho further stated that oil futures have recently declined, which is reducing the natural gas advantage expectations for many basic chemicals. It added that the continued downstream investment in advanced computing should lengthen the duration of the tech materials' strength.

Corning Incorporated (NYSE:GLW) also received a rating update from Truist on June 22, with the firm lifting the price target on the stock to $205 from $149 and maintaining a Hold rating on the shares. The rating update came ahead of its fiscal Q2 results, and the firm told investors in a research note that it believes the company sits in a highly favorable strategic position via its Optical and Solar segments, which make up over 50% of sales and drive its expectations for 17% sales CAGR through 2030.

Corning Incorporated (NYSE:GLW) provides glass for flat panel desktop monitors, notebook computers, display televisions, and other information display applications, carrier network, and enterprise network products. The company's operations are divided into the following segments: Optical Communications, Display, Specialty Materials, Automotive, and Life Sciences.

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