- The shares of Oatly Group AB (NASDAQ: OTLY) have received a $10 price target from Truist. These are the details.
The shares of Oatly Group AB (NASDAQ: OTLY) have received a $10 price target from Truist. And Truist analyst Bill Chappell adjusted the rating while maintaining a “Buy” rating on the shares.
Chappell cited the company’s earnings with a 5-times expected FY23 EBITDA multiple. Earlier this month, Oatly reported a Q4 EPS of ($0.13), which was $0.04 less than the analyst estimates of ($0.09). And the revenue for the quarter was $185.9 million compared to the consensus estimate of $174.22 million.
In terms of guidance, Oatly expects FY2022 revenue of $0.88-0.92 billion.
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