Why Oatly Stock Skidded to a Loss This Week

According to data compiled by S&P Global Market Intelligence, Oatly (NASDAQ: OTLY) shares lost more than 11% of their value across this week. That wasn't entirely unexpected, as two analysts cut their price targets on the stock, and quite drastically. The more aggressive reduction was made by Piper Sandler's Michael Lavery, who on Wednesday chopped his Oatly fair value assessment to $16 per share from $40. Despite the severity of the move, Lavery remained bullish on the company, as he maintained his by recommendation on the stock. According to reports, the analyst adjusted his forecast for sales, to roughly $830 million for this year from his previous estimate of $835 million. He made a similar $5 million adjustment to his 2026 projection too; it now stands at $890 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool