Oatly Group (OTLY) Stock Receives $7 Price Target

By Amit Chowdhry ● Nov 23, 2022
  • Oatly Group’s (OTLY) shares recently received a $7 price target. These are the details.

Oatly Group’s (OTLY) shares recently received a $7 price target.

Price target: $7

Rating: Outperform

Analyst firm: RBC Capital

RBC Capital analysts adjusted the rating while citing a wider-than-expected third-quarter earnings miss. And the company’s organic growth and margin results were impacted by several operating challenges, reflecting the current operating environment.

Plus RBC Capital analysts pointed out that Oatly’s more recent tone to focus on achieving profitability and switching their focus to hybrid production makes more sense than pursuing topline growth at all cost.