UPDATE: Jefferies Starts Oatly Group AB (OTLY) at Buy

Go back to UPDATE: Jefferies Starts Oatly Group AB (OTLY) at Buy

Street Starts Oatly (OTLY) With Mixed Views, Analysts Bullish on Business but Valuation Seen as High

June 14, 2021 7:01 AM EDT

Wall Street has initiated coverage of Oatly Group AB (NASDAQ: OTLY) with mixed ratings as some analysts see high valuation as a key driver behind them staying on the sidelines.

The Swedish company went public in May when it priced its initial public offering (IPO) at $17 per share to raise $1.4 billion. The IPO pricing valued the entire business at around $10 billion. Shares of the company have soared in the meantime to trade about 70% higher compared to the IPO price.

A few weeks post the IPO debut, analysts are... More

William Blair Starts Oatly Group AB (OTLY) at Outperform

June 14, 2021 6:55 AM EDT

William Blair analyst Jon Andersen initiates coverage on Oatly Group AB (NASDAQ: OTLY) with an Outperform rating. The analyst cited:

Compelling market opportunityPowerful demand driversShopper profile and sources of volume.Proven demand-generation modelGlobal supply chain... More

Barclays Starts Oatly Group AB (OTLY) at Overweight

June 14, 2021 6:32 AM EDT

Barclays initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Overweight rating and a price target of $34.00.


For an analyst ratings summary and ratings history on Oatly Group AB click here. For more ratings news on Oatly Group AB click here.


Shares of Oatly Group AB closed at $28.73 yesterday.

... More

Truist Securities Starts Oatly Group AB (OTLY) at Buy

June 14, 2021 6:19 AM EDT

Truist Securities analyst Bill Chappell initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Buy rating and a price target of $35.00.


For an analyst ratings summary and ratings history on Oatly Group AB... More

Oppenheimer Starts Oatly Group AB (OTLY) at Perform

June 14, 2021 6:08 AM EDT

Oppenheimer analyst Rupesh Parikh initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Perform rating.

The analyst comments "We are initiating coverage of Oatly (OTLY) with a Perform rating. OTLY is the world's largest oatmilk player. We believe the company... More

Exane BNP Paribas Starts Oatly Group AB (OTLY) at Neutral

June 14, 2021 5:33 AM EDT

Exane BNP Paribas initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Neutral rating and a price target of $30.00.


For an analyst ratings summary and ratings history on Oatly Group AB... More

Credit Suisse Starts Oatly Group AB (OTLY) at Outperform

June 14, 2021 5:26 AM EDT

Credit Suisse analyst Kaumil Gajrawala initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Outperform rating and a price target of $30.00.


For an analyst ratings summary and ratings history on Oatly Group AB... More

UPDATE: Piper Sandler Starts Oatly Group AB (OTLY) at Overweight

June 14, 2021 4:25 AM EDT

(Updated - June 14, 2021 7:59 AM EDT)

Piper Sandler analyst Michael Lavery initiates coverage on Oatly Group AB (NASDAQ: OTLY) with an Overweight rating and a price target of $30.00.

The analyst commented, "We initiate coverage of Oatly with an OW rating and a $30... More

UPDATE: Guggenheim Starts Oatly Group AB (OTLY) at Buy

June 14, 2021 2:39 AM EDT

(Updated - June 14, 2021 6:33 AM EDT)

Guggenheim analyst Laurent Grandet initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Buy rating and a price target of $32.00.

The analyst commented, "Following the initial public offering on May 20, we are initiating coverage on... More

Morgan Stanley Starts Oatly Group AB (OTLY) at Equalweight

June 14, 2021 2:10 AM EDT

Morgan Stanley analyst Dara Mohsenian initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Equalweight rating and a price target of $29.00.

The analyst comments "We see strong topline growth at OTLY with share gains by plant-based dairy from traditional dairy, the oat... More

UPDATE: RBC Capital Starts Oatly Group AB (OTLY) at Sector Perform

June 14, 2021 1:59 AM EDT

(Updated - June 14, 2021 2:21 AM EDT)

RBC Capital analyst Nik Modi initiates coverage on Oatly Group AB (NASDAQ: OTLY) with a Sector Perform rating and a price target of $28.00.

The analyst comments "Our rating is less about our belief in the... More