Oatly (OTLY) Shares Crash 20% on Sales Miss and Warning, Analyst Remains Bullish on Oat Milk

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Go back to Oatly (OTLY) Shares Crash 20% on Sales Miss and Warning, Analyst Remains Bullish on Oat Milk

Oatly Group AB (OTLY) PT Lowered to $23 at Cowen

November 16, 2021 6:57 AM EST

Cowen analyst Brian Holland lowered the price target on Oatly Group AB (NASDAQ: OTLY) to $23.00 (from $26.00) while maintaining an Outperform rating.

The analyst commented, "We believe the runway for the oat based segment is significant based on its relative value proposition vis... More

Oatly (OTLY) Tops Q3 EPS by 2c, Revenue Misses Consensus, Guides Below Consensus

November 15, 2021 7:20 AM EST

(Updated - November 15, 2021 7:22 AM EST)

Oatly (NASDAQ: OTLY) reported Q3 EPS of ($0.07), $0.02 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $171.1 million versus the consensus estimate of $185.95 million.

For fiscal year 2021, the Company expects:

Revenue to exceed $635 million, an increase of greater than 51%... More