BofA cuts target for O-I Glass stock from USD 9.00 to USD 7.00
Published on 10/08/2026 at 19:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- BofA cut its O-I Glass price target from USD 9.00 to USD 7.00 on October 6, 2026.
- Citi reiterated a Buy rating with a USD 9.00 target on October 2, 2026.
- Second-quarter revenue was USD 1.67 billion, while GAAP net loss reached USD 972 million.
- O-I Glass stock was EUR 5.29 at Lang & Schwarz on October 8, 2026, up 2.52 percent from EUR 5.16.
O-I Glass (ISIN US67098H1041) stock was at EUR 5.29 in after-hours trading at Lang & Schwarz on October 8, 2026, while BofA analyst George Staphos cut the price target from USD 9.00 to USD 7.00 on October 6, 2026. The target reduction keeps an Underperform rating on the shares, according to Markets Insider.
Three dated signals for O-I Glass
On June 30, 2026, the company reported second-quarter revenue of USD 1.67 billion and a GAAP net loss of USD 972 million. The revenue figure was down from USD 1.71 billion in the year-earlier quarter, while the prior-year GAAP net loss was USD 5 million, according to Markets Insider.
On October 2, 2026, Citi analyst Anthony Pettinari reiterated a Buy rating and a USD 9.00 price target, as reported by Markets Insider. On October 6, BofA moved in the opposite direction with its target cut to USD 7.00, making analyst dispersion a central valuation issue.
What does the earnings gap mean?
The second-quarter revenue decline was limited to USD 40 million year over year, but the GAAP net loss widened by USD 967 million from USD 5 million. That contrast leaves the stock highly sensitive to the next earnings update and to evidence that cost and operational measures are improving.
Next date is October 27
O-I Glass is scheduled to release its next earnings report on October 27, 2026, according to Investing.com. The company manufactures glass containers for food, beverage and pharmaceutical customers, with operations across the Americas, Europe and other international markets, according to O-I Glass.
O-I Glass stock gains 2.52 percent
The stock was trading at EUR 5.29 at Lang & Schwarz on October 8, 2026, up 2.52 percent versus the Lang & Schwarz prior close of EUR 5.16. On the NYSE, the primary listing was last at USD 5.96 on October 8, 2026 at 1:23 p.m. EDT, against a 52-week range of USD 5.30 to USD 16.91.
The further course of trading is shown by the continuously updated real-time quote of O-I Glass stock.
O-I Glass stock facts
- Company: O-I Glass, Inc.
- ISIN: US67098H1041
- WKN: A2PXK0
- Ticker: OI
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 8, 2026: EUR 5.29
- Change versus prior close: plus 2.52 percent
- Prior close Lang & Schwarz (October 8, 2026): EUR 5.16
- Market capitalization: USD 916.6 million (as of October 8, 2026)
- Sector / Industry: Consumer Cyclical / Packaging and Containers
Market context: Market report S&P 500.
