OI Price Prediction Next Week
OI Stock Price Prediction and Recommendation
Technical Analysis:
The stock price of O-I Glass (OI) is currently trading at $11.94 as of 2025-03-24. Based on technical indicators:
- RSI (14): 53.24, indicating a neutral position, suggesting the stock is not overbought or oversold.
- MACD: 0.18, showing a slight bullish signal with a positive crossover.
- Fibonacci Levels:
- Pivot Point: $11.75
- Resistance Levels: $12.26, $12.58
- Support Levels: $11.23, $10.91
News and Fundamental Analysis:
- Analyst Ratings: RBC Capital and Wells Fargo have a Buy rating with a price target of $16, while Barclays maintains a Hold rating.
- Company Performance: O-I Glass reported a quarterly revenue of $1.53 billion and a GAAP net loss of $154 million, showing improvement from the previous year.
- Financial Guidance: The company reaffirmed its FY25 guidance, expecting adjusted EPS between $1.20 and $1.50 and free cash flow of $150M-$200M.
Price Prediction:
Based on the analysis, the stock is expected to test the resistance level at $12.26 next week. If it breaks above this level, the next target could be $12.58. However, if it fails to breach the resistance, it may drop to the support level of $11.23.
Buy/Sell Recommendation:
Buy O-I Glass (OI) with a target price of $12.26. The positive analyst ratings, improved financial performance, and strategic growth initiatives support this outlook.
OI Similar Chart Price Prediction
The price of OI is predicted to go up 1.73%, based on the high correlation periods with WM. The similarity of these two price pattern on the periods is 94.8%.
OI
WM
Up: 1.73%Similarity: 94.8%
OI Revenue Forecast
OI EPS Forecast
OI FAQs
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OI VS S&P500
Following its 2022 settlement, O-I is no longer exposed to future asbestos-related liabilities.
Glass containers are an eco-friendly beverage packaging that's preferred over plastic. A global shift to renewable products will provide a tailwind for the firm.
O-I's capacity expansion plans and position in emerging markets should provide a runway for glass container growth.
OI Analyst's Forecast
Anthony Pettinari
Citigroup
Hold
2025-01-06
Price Target
$12 → $11
Upside
+0.27%
Citi analyst Anthony Pettinari lowered the firm's price target on O-I Glass to $11 from $12 and keeps a Neutral rating on the shares. The firm updated estimates and preferred stock rankings as part of its 2025 packaging outlook. Packagers meaningfully underperformed in 2024 as tepid volumes and price/cost pressure drove negative estimate revisions throughout the year, the analyst tells investors in a research note. However, positively, packaging CEOs are responding with a greater sense of urgency, drive mergers and acquisitions, contends Citi. The firm views Sealed Air (SEE) as the most likely acquisition target in 2025. Its preferred names in 2025 are Smurfit WestRock (SW), Sealed Air, and Silgan Holdings (SLGN).
George Staphos
B of A Securities
Strong Buy
2025-01-06
Price Target
$14 → $15
Upside
+36.74%
Michael Leithead
Barclays
Hold
2024-10-31
Price Target
$14 → $13
Upside
+17.01%
