D.A. Davidson Sticks to Their Buy Rating for Oatly Group (OTLY)

In a report released today, Brian Holland from D.A. Davidson reiterated a Buy rating on Oatly Group, with a price target of $17.00. The company’s shares opened today at $14.81.

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Holland covers the Consumer Defensive sector, focusing on stocks such as Nature’s Sunshine Products, BellRing Brands, and Oatly Group. According to TipRanks, Holland has an average return of 2.5% and a 48.72% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oatly Group with a $19.20 average price target, which is a 29.64% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $16.00 price target.

Based on Oatly Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $197.53 million and a GAAP net loss of $12.43 million. In comparison, last year the company earned a revenue of $199.16 million and had a GAAP net loss of $45.8 million