Should I Buy OI? OI 2026 Analysis

Should You Buy O-I Glass Inc (OI) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

16.630

1 Day change

1.22%

52 Week Range

16.700

Analysis Updated At

2026/02/05

Should I buy Analysis is updated weekly. For real time "Should I Buy" analysis, please sign up to get free answers.

Buy now for a short-term momentum/swing setup: trend is bullish (SMA_5 > SMA_20 > SMA_200, MACD expanding) and options positioning is strongly call-skewed.
Upside is likely near-term (into/through earnings on 2026-02-10) rather than long-duration: modelled pattern stats suggest +3.73% next week vs -0.57% next month.
Near-term target zone aligns with Street targets and nearby resistance: first area to clear is ~16.42 (R1), then ~16.84 (R2); Street PTs cluster at $17–$21.
Main reason to not wait: multiple recent upgrades/raised targets + bullish tape/derivatives sentiment suggest buyers are already leaning in.

Intellectia Proprietary Trading Signals

AI Stock Picker: No signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend/structure: Bullish moving-average stack (SMA_5 > SMA_20 > SMA_200) supports an ongoing uptrend.
Momentum: MACD histogram at +0.0678 and expanding indicates strengthening upside momentum.
RSI: RSI_6 at 73.65 suggests the stock is running hot/near overbought short-term, which can mean limited immediate upside without a brief pause.
Levels: Pivot 15.74 is the key “hold” level for the uptrend; near resistance at R1 16.418 (price 16.375 is just below), then R2 16.837. Supports: 15.06 (S1), 14.64 (S2).
Tape context: Stock down -1.09% on a risk-off day (S&P -1.32%), i.e., relatively resilient versus the market move.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning/sentiment: Very low put/call ratios (OI PCR 0.28; volume PCR 0.05) = bullish skew toward calls.
Activity: Today’s options volume is low in absolute terms (41 total; 39 calls / 2 puts), but relative metrics show unusually elevated vs recent averages (today vs 30D avg volume 22.91x).
Volatility: IV (30D) 56.83 vs historical vol 31.41 and IV percentile 79.68 implies the market is pricing a sizable move (consistent with the upcoming earnings date).

Technical Summary

Sell

Buy

Positive Catalysts

- Earnings catalyst: QDEC 2025 earnings on 2026-02-10 after hours (near-term event that can extend momentum if results/guide are better than feared).
- Analyst sentiment improved materially since mid/late 2025: multiple upgrades and price-target raises (Wells Fargo upgrade to Overweight; BofA upgrade to Buy; Truist raised PT to $21).
- Operating narrative support: “self-help driven profit growth” cited by Wells Fargo; gross margin improved significantly in the latest reported quarter (2025/Q3).

Neutral/Negative Catalysts

- Fundamental demand backdrop: Several analysts flag challenged packaging volumes and a tough volume setup into 2026; risk of a muted rebound without a clear catalyst.
- Technical positioning: RSI_6 ~73.7 suggests the stock may be extended short-term right under resistance (R1 ~16.42), increasing the odds of chop/pullback before the next leg up.
- No supportive headline flow: no news in the last week to provide fresh incremental upside narrative ahead of earnings.

Financial Performance

Latest quarter provided: 2025/Q3.
Revenue: $1.653B, down -1.55% YoY (top-line contraction).
Profit/EPS: Net income $30M and EPS $0.19, both sharply down YoY (material earnings compression versus prior year).
Margins: Gross margin 17.97%, up +42.28% YoY—this is the key positive trend, indicating cost/mix improvements even as revenue dipped.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Clear positive turn in ratings/targets from late 2025 into early 2026.
Upgrades/raises: Wells Fargo upgraded to Overweight (PT $18); BofA upgraded to Buy (PT $17); Truist reiterated Buy and raised PT to $21; Citi raised PT to $17 but stayed Neutral.
Wall Street pros: improving profit via self-help initiatives, margin improvement potential, and raised targets suggesting upside from current ~$16.38.
Wall Street cons: volume/demand challenges in 2026, “K-shaped” consumer concerns, and dependence on a catalyst (earnings/guide) to sustain a rebound.
Flows/people check: Hedge funds neutral; insiders neutral; no recent Congress trading data available.

5 Analyst Rating

Wall Street analysts forecast OI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OI is 18.2 USD with a low forecast of 17 USD and a high forecast of 21 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

4 Buy

1 Hold

0 Sell

Strong Buy

Current: 16.430

Low

Averages

18.2

High

Current: 16.430

Low

Averages

18.2

High

Truist

Buy

maintain

$17 -> $21

AI Analysis

2026-01-06

Reason

Truist

Price Target

$17 -> $21

AI Analysis

2026-01-06

maintain

Buy

Reason

Truist raised the firm's price target on O-I Glass to $21 from $17 and keeps a Buy rating on the shares. Early 2026 is expected to see modestly challenged packaging volumes due to limited promotions, though some CPGs are successfully driving volume while retaining price gains, the analyst tells investors in a research note. Beverage cans should continue growing in North America and Europe, and containerboard producers are likely to implement price increases successfully thanks to disciplined supply management, the firm says.

Citi

Neutral

maintain

$14 -> $17

2026-01-06

Reason

Citi

Price Target

$14 -> $17

2026-01-06

maintain

Neutral

Reason

Citi raised the firm's price target on O-I Glass to $17 from $14 and keeps a Neutral rating on the shares. The firm updated estimates targets in the packing group as part of its 2026 outlook. The volume setup for the group remains challenging in 2026, the analyst tells investors in a research note.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for OI

Unlock Now

OI Should I Buy

OI Should I Buy

Should You Buy O-I Glass Inc (OI) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

People Also Watch