TD Cowen Reiterates Buy Rating on OWLT

TD Cowen maintains a buy rating for OWLT, targeting $10, a 99.73% upside from the current price.

Editorial illustration for Owlet, Inc. (OWLT)

Key Points

  • TD Cowen maintained its buy rating on OWLT, setting a $10 price target on June 22, 2026.
  • TD Cowen's $10 price target implies 99.73% upside from Owlet, Inc.'s ($OWLT) current $5.01 share price.
  • OWLT shares traded at $5.01 on Monday with notable insider buying and selling activity.
  • Eclipse Operations, LLC held steady at 7.7 million shares, while Cannell Capital LLC increased its stake by 566,543 shares.

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TD Cowen has reiterated its buy rating on OWLT, setting a price target of $10. This reaffirmation was announced on June 22, 2026. On that same Monday, OWLT shares were trading at $5.01.

Analyst rating track record

TD Cowen vs. the S&P 500

YTD return -34.21% hypothetical
All-time return +4.96% S&P 500 +43.10%
vs. S&P 500 -38.14% behind the index

Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.

Other Institutional Activity in OWLT

Eclipse Operations, LLC maintained its position in OWLT with 7,700,835 shares valued at about $39.6 million. AWM Investment Company, Inc. increased its holdings by 230,219 shares to a total of 1,978,470 shares, worth approximately $10.2 million, representing a 13.2% increase. Ameriprise Financial Inc dramatically boosted its stake by 918,373 shares, ending with 1,236,061 shares valued at $6.4 million, marking a 289.1% increase. Granahan Investment Management, LLC added 499,906 shares, reaching 1,186,655 shares worth around $6.1 million, a 72.8% increase. Cannell Capital LLC also increased its stake by 566,543 shares to 998,165 shares, valued at $5.1 million, a 131.3% increase. Meanwhile, Vanguard Capital Management LLC opened a new position with 781,521 shares, valued at approximately $4 million.

Insider Buying and Selling at Owlet, Inc.

Several insiders have been active in trading OWLT shares. On April 28, 2026, Kurt Workman, the President & CEO, bought 850,000 shares. Earlier, on February 27, 2026, Amanda Crawford, the Chief Financial Officer, sold 6,892 shares at an average price of $11.50. On February 26, 2026, Jonathan Harris bought 41,666 shares and sold 12,676 shares, with the sales priced at $11.50 per share. Amanda Crawford also purchased 20,833 shares on February 25, 2026.

Analysts Set New Price Targets

On June 22, 2026, TD Cowen maintained its buy rating on OWLT with a $10 price target. Northland Capital Markets also maintained a buy rating with a $20 target on December 30, 2025. Earlier, on February 21, 2025, Lake Street initiated coverage with a buy rating and an $8.50 target.

Bottom Line

TD Cowen's reaffirmation of its buy rating for OWLT with a $10 target reflects continued confidence in the company's potential. Investors keep a close eye on analyst ratings as they provide insights into market expectations. Note that these ratings are based on past data and may not represent current conditions.

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