Deutsche Bank According to last week’s call, the DE: is bullish about Corning (NYSES:). In the coming twelve months, the investment powerhouse expects more than 20 per cent growth in shares of Corning (NYSE) and other display technology, environmental, special materials, life sciences, and optical communications companies.

I’m bullish on Corning.

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There is strong demand across all business segments

Deutsche analyst Matthew Niknam gave Corning the Buy rating. He also set a price target for $45.00. This indicates an upside potential of 21.9%. All of Corning’s products are in high demand, including those used for TV screens and smartphones, as well as environmental and 5G devices.

Corning launched mmWave indoor systems for small cells in August. This was designed to enable network operators to provide reliable indoor connections to 5G networks with small-cell radio transmitters that are simple to use and easy to maintain.

Corning’s mmWave indoor-small-cell systems, which are used in high concentration environments such as offices and colleges, will be critical for meeting growing demands for 5G connectivity.” Marc Bolick (Vice President and Wireless Business Leader, Corning Optical Communications) said. Corning works side-by-side with its customers in order to assist them in capturing and maximizing the 5G opportunities.

In September, the company expanded its collaboration with longtime client AT&T (NYSE:) to expand investments in fiber infrastructure, expand U.S. broadband networks, and accelerate 5G deployment.

“We see expansion of our fiber infrastructure as central to the growth of our broadband reach, for consumers as well as business customers,” said Mo Katibeh, senior vice president, AT&T Network Infrastructure & Build. By extending our partnership with Corning we will create American jobs via manufacturing investment and economic benefits that broadband offers to our communities.

Corning, in short, is the right company at the right moment.

What Investors Need to Know

Corning has received little interest from investors. The company shares gained just 6.6% in the past twelve months. That is far below the 58% industry average. They trade at a trailing price of 36.1.

TipRanks is also on the same page. Corning receives a Smart score of 6 from it. It cites decreased Hedge Fund activity as well insider selling and poor technicals.

The Take of Analysts

Corning enjoys a very small Wall Street following. The shares of Corning were only followed by five Wall Street analysts over the past three-months. Their average target price was $43.75, and they received Moderate Buy ratings from those who followed them. The forecast high is $45.00 while the forecast low is $42.00. Corning prices target averages 18.50% more than their last record price of $36.92.

An Enduring Company

Corning has been around for 170 years. It is a resilient company that survived multiple recessions and depressions. They have produced scores of innovations that transformed people’s lives. These products include the glass used in Edison’s lamp and traditional TV tubes. Fiber-optic cables power the Internet. Glass for flat-panel TVs, smartphones and catalytic converters.

Corning is a great company that you can hold for the long-term.

Disclosure: Panos Mourdoukoutas was the owner of Corning shares at publication.

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