Wall Street Analysts Think Oatly Group (OTLY) Could Surge 82.65%: Read This Before Placing a Bet

Core Viewpoint - Oatly Group AB (OTLY) has shown a significant price increase of 18.2% over the past four weeks, with a mean price target of $18.74 indicating an upside potential of 82.7% from the current price of $10.26 [1] Price Targets and Analyst Consensus - The average price target consists of seven estimates ranging from a low of $10.20 to a high of $40, with a standard deviation of $10.52, indicating variability among analysts [2] - The lowest estimate suggests a minor decline of 0.6%, while the highest estimate indicates a potential upside of 289.9% [2] - A low standard deviation signifies a higher agreement among analysts regarding the stock's price movement direction [9] Earnings Estimates and Market Sentiment - Analysts are optimistic about Oatly's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has historically correlated with stock price movements [11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 40.4%, with four estimates moving higher and no negative revisions [12] - Oatly currently holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]