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Analysts Are Bullish on Top Consumer Cyclical Stocks: Carvana Co (CVNA), O-I Glass (OI)

Tipranks - Fri Jul 31, 5:26AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Carvana Co (CVNA) and O-I Glass (OI) with bullish sentiments.

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Carvana Co (CVNA)

In a report released yesterday, David Lantz from Wells Fargo maintained a Buy rating on Carvana Co, with a price target of $80.00. The company’s shares closed last Wednesday at $66.32.

According to TipRanks.com, Lantz is a 4-star analyst with an average return of 8.3% and a 62.7% success rate. Lantz covers the NA sector, focusing on stocks such as Dorman Products, Monro Muffler, and Valvoline. ;'>

Carvana Co has an analyst consensus of Strong Buy, with a price target consensus of $89.86, which is a 38.2% upside from current levels. In a report issued on July 20, Morgan Stanley also maintained a Buy rating on the stock with a $102.00 price target.

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O-I Glass (OI)

In a report released yesterday, Gabrial Hajde from Wells Fargo reiterated a Buy rating on O-I Glass, with a price target of $12.00. The company’s shares closed last Wednesday at $7.70.

According to TipRanks.com, Hajde is a 3-star analyst with an average return of 2.7% and a 57.7% success rate. Hajde covers the NA sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Graphic Packaging. ;'>

O-I Glass has an analyst consensus of Moderate Buy, with a price target consensus of $11.25, implying a 44.4% upside from current levels. In a report issued on July 15, Truist Financial also maintained a Buy rating on the stock with a $13.00 price target.

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