Shaunchiaqj
2021-06-14
Oatly next future star?
Wall Street analysts are split on what's next for Oatly's stock
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street analysts are split on what's next for Oatly's stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 20:33 GMT+8 <a href=https://www.cnbc.com/2021/06/14/oatly-stock-jpmorgan-guggenheim-morgan-stanley.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Oatly has been on a tear over the past three weeks, but Wall Street analysts are divided about whether investors should jump in now.\nThe alternative milk stock has been one of the hottest plays for ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/14/oatly-stock-jpmorgan-guggenheim-morgan-stanley.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB"},"source_url":"https://www.cnbc.com/2021/06/14/oatly-stock-jpmorgan-guggenheim-morgan-stanley.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1137802655","content_text":"Oatly has been on a tear over the past three weeks, but Wall Street analysts are divided about whether investors should jump in now.\nThe alternative milk stock has been one of the hottest plays for investorssince its IPO last month. After being priced at $17 per share, the stock has jumped nearly 70% to $28.73 per share.\nHowever, some of the biggest investment firms are tepid on the stock after that strong start. A slate of initiations on Monday showed that Wall Street is split on how Oatly should be valued.\nJefferies, which was involved in Oatly’s IPO, has a buy rating and one of the highest price targets on the stock at $34 per share. Guggenheim Securities is similarly bullish at $32 per share and projected significant growth for the company.\n“The company is in the early stages of a long-term growth story that could generate double-digit annual sales growth for at least the next 10 years if it continues to invest heavily in capacity expansion,” Guggenheim said in a note to clients.\nJPMorgan, however, gave the stock a neutral rating and a $24 price target, saying that competition in the space is sure to increase and clouds the outlook for the company.\n“Oatly may have to raise more capital within a couple of years, and we view the stock as slightly overvalued (with volatility likely ahead). All in, we are impressed by Oatly’s fundamentals and potential but would wait for a better entry point,” the JPMorgan note said.\nSimilarly, Morgan Stanley gave the stock an equal weight rating, saying that long-term growth was already priced in.\nHere are the analyst ratings and price targets from the latest initiations on Oatly:\n\nJefferies: Buy, $34 target\nPiper Sandler: Overweight, $30 target\nJPMorgan: Neutral, $24 target\nGuggenheim: Buy, $32 target\nMorgan Stanley: Equal weight, $29 target\nCredit Suisse: Outperform, $30 target\nOppenheimer: Perform, no target","news_type":1},"isVote":1,"tweetType":1,"viewCount":339,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":20,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/185743233"}
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