Wall Street Analysts See a 60.16% Upside in Oatly Group (OTLY): Can the Stock Really Move This High?

Group 1 - Oatly Group AB's shares have increased by 9.6% over the past four weeks, closing at $11.47, with a mean price target of $18.37 indicating a potential upside of 60.2% [1] - The mean estimate consists of six short-term price targets with a standard deviation of $11.26, where the lowest estimate is $10.20 (11.1% decline) and the highest is $40 (248.7% increase) [2] - Analysts show strong agreement in revising earnings estimates higher, with a 33.6% increase in the Zacks Consensus Estimate for the current year, indicating positive earnings prospects for Oatly [11][12] Group 2 - 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] - The consensus price target, while not entirely reliable, suggests a positive direction for Oatly's stock price movement [10][13] - Analysts' price targets can often be overly optimistic due to business incentives, but a low standard deviation in estimates indicates a high degree of agreement among analysts [8][9]