Corning is now trading at an attractive level for investors to jump in, according to Truist. The bank upgraded the maker of optical sensors — used in everything from consumer electronics to data centers — to buy from hold. It did lower its price target on the stock to $175 from $205, though that still implies upside of 27% from Friday's close. "Simply put, we have waited for a more reasonable entry point to get more constructive, and we now have one," wrote analyst Matthew Niknam. Shares have been under pressure of late, falling for five weeks in a row. Since late June, the stock is also down 46%. Last week, the company issued weaker-than-expected revenue guidance for the current quarter, sending shares lower by 12% on Tuesday. GLW YTD mountain GLW year to date But Niknam thinks the outlook for Corning is bright, even if the stock doesn't reflect it right now. He highlighted three points for his upgrade, including: "Accelerating top-line growth over the next several years, with strength in Optical (~45% of sales) and Solar (~10% of sales) driving an 18% revenue CAGR between 2026E-2028E." He sees "meaningful upside to Corning's operating margins and [return on invested capital] through 2030E, and anticipate the company could increase its longer-term operating margin targets later this year." Corning shares rose more than 1% following the upgrade. Most analysts covering the stock are bullish. LSEG data shows that 12 of the 17 who cover it rate it a buy or strong buy. The average price target also implies upside of 43%.