Corning (GLW) appears ready to continue outpacing Wall Street expectations, with management at the display technologies company this week saying they see few headwinds resulting from tariffs and trade tensions now spreading around the world, analysts at Oppenheimer said in a research note on Wednesday.

After reporting better-than-expected Q1 results, Corning executives said on Tuesday they were expecting core earnings during the current quarter in a range of $0.55 to $0.59 per share on around $3.85 billion in sales, with tariffs shaving a penny or two from its Q2 profit.

The Oppenheimer analysts largely concurred with that assessment, reiterating their outperform rating for the company's stock, although they cut their price target for Corning shares to $55 from $58 per share previously, citing broader market conditions.

The Oppenheimer analysts also said Corning's Q2 profit forecast likely is stronger than it appears, explaining the company's guidance range also includes a $0.03-per-share hit to cover costs as it continues an expansion of its optical and solar-related operations. Tariffs could even drive new customers to the company as US-based firms seek out domestic suppliers to keep a lid on their costs.

"We remain very bullish on Corning into 2025 based on the sustained momentum in (its) optical segment," the Oppenheimer analysts wrote, with "robust" demand from artificial intelligence data centers likely producing most of the segment's anticipated growth.

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