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Analysts Offer Insights on Consumer Cyclical Companies: Global-e Online (GLBE), O-I Glass (OI) and DraftKings (DKNG)

Tipranks - Tipranks - Thu Jun 11, 6:52AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Global-e Online (GLBE), O-I Glass (OI) and DraftKings (DKNG) with bullish sentiments.

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Global-e Online (GLBE)

Morgan Stanley analyst James Faucette maintained a Buy rating on Global-e Online today and set a price target of $37.00. The company’s shares closed last Tuesday at $32.38, close to its 52-week low of $28.11.

According to TipRanks.com, Faucette is a 4-star analyst with an average return of 2.8% and a 58.4% success rate. Faucette covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Kyndryl Holdings Incorporation, and Broadridge Financial Solutions. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Global-e Online with a $42.44 average price target, a 32.0% upside from current levels. In a report released today, Truist Financial also upgraded the stock to Buy with a $39.00 price target.

See today’s best-performing stocks on TipRanks >>

O-I Glass (OI)

Truist Financial analyst Michael Roxland maintained a Buy rating on O-I Glass today. The company’s shares closed last Tuesday at $8.32.

According to TipRanks.com, Roxland is a 3-star analyst with an average return of 1.4% and a 47.3% success rate. Roxland covers the NA sector, focusing on stocks such as International Paper Co, Ardagh Metal Packaging, and Graphic Packaging. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for O-I Glass with a $13.83 average price target, representing a 72.2% upside. In a report issued on May 28, RBC Capital also maintained a Buy rating on the stock with a $14.00 price target.

DraftKings (DKNG)

Morgan Stanley analyst Stephen Grambling maintained a Buy rating on DraftKings yesterday and set a price target of $39.00. The company’s shares closed last Tuesday at $27.59.

According to TipRanks.com, Grambling is a 4-star analyst with an average return of 5.4% and a 60.4% success rate. Grambling covers the NA sector, focusing on stocks such as Marriott Vacations Worldwide Corporation, Hilton Worldwide Holdings, and Wyndham Hotels & Resorts. ;'>

Currently, the analyst consensus on DraftKings is a Strong Buy with an average price target of $35.52, a 41.2% upside from current levels. In a report issued on June 4, UBS also maintained a Buy rating on the stock with a $49.00 price target.

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