Oatly Group AB (publ)

OTLY · NASDAQ

$12.09−$0.02 (−0.17%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $12.11

OTLY analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 7 analysts

Average $20.27 (+67.7% upside)

Low: $12.63
Now: $12.09
High: $33.60

Upgrades and downgrades

The latest rating actions, newest first

OTLY analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 16, 2026	Maintains	Overweight	$14.00 → $13.00	50%
Barclays	Jul 23, 2026	Maintains	Overweight	$12.00 → $14.00	50%
Barclays	Jul 21, 2026	Maintains	Overweight	$14.00 → $12.00	50%
Barclays	Apr 14, 2026	Maintains	Overweight	$15.00 → $14.00	50%
Mizuho	Nov 26, 2025	Maintains	Outperform	$20.00 → $18.00	50%
DA Davidson	Nov 21, 2025	Maintains	Buy	$17.00 → $14.00	33%
Barclays	Oct 31, 2025	Maintains	Overweight	$16.00 → $18.00	50%

The case for and against

Updated Oct 19, 2025

Bull case

Oatly Group AB is enhancing its brand relevance by engaging with baristas to customize menus, which is positively resonating with consumers in key markets such as the UK and Germany, where brand renewal initiatives are showing improvements. The company's operating structure benefits from fixed selling, general, and administrative (SG&A) expenses, indicating that driving volume growth could significantly improve operating leverage. Additionally, Oatly is poised for strong gross margin expansion anticipated in 2025, reflecting a robust financial outlook and the potential for increased profitability.

Bear case

Oatly Group's stock outlook appears negative due to a significant deceleration in US measured retail sales growth, which dropped from +15.1% in Q1 2024 to -1.1% in Q1 2025. The slowdown is attributed to the company’s decision to eliminate underperforming products from its frozen portfolio and indicating a broader trend of consumer softness in the market. Additionally, with consumers increasingly focused on value amid economic pressures, there has been a noticeable decrease in the consumer buy-rate, further impacting revenue prospects.

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