What Does Wall Street Think About O-I Glass (OI)?

O-I Glass, Inc. (NYSE:OI) is one of the most undervalued small cap stocks to invest in now. On October 13, Truist analyst Michael Roxland slashed the firm’s price target on O-I Glass, Inc. (NYSE:OI) to $17 from $21 while keeping a Buy rating on the stock. The rating update was released as part of a broader research note previewing Q3 results in the Packaging and Paper/Forest products sector.

The firm told investors that it is undertaking a selective adjustment of its estimates after meeting with companies in its coverage for a review of the quarterly trends. It also cited the $40/ton containerboard price hike, which is effective February 2026, as a notable factor.

Similarly, BofA lowered its price target on O-I Glass, Inc. (NYSE:OI) to $13 from $14 on October 9 and set a Neutral rating on the stock. The firm told investors that it sees a “mixed” Q3 for the packaging and paper/forest sector, with renewed pressure on the stocks. It also cited the 15% decline in the stock relative to the market since June 30.

O-I Glass, Inc. (NYSE:OI) manufactures glass products, offering them to the food and beverage sector. The company’s operations are divided into the Americas and Europe geographical segments.

While we acknowledge the potential of OI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.

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