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‘Bearish sentiment has peaked’ for the plant-based company
Shares of Oatly (OTLY) may be down a lot more than 88{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} considering the fact that its IPO in 2021, but just one analyst expects the plant-centered beverage giant to see a turnaround in 2023. “From a business point of view, we feel bearish sentiment has peaked, fundamentals have bottomed,” said Mizuho Analyst John Baumgartner. “In 2023, we hope supply chain acceleration, new distribution expansion, acceleration in Asia from the enhanced COVID circumstance in China, as well as far better commodity expenditures, and also an improving liquidity trajectory for the company into 2024,” he instructed Yahoo Finance. As this sort of, Baumgartner just lately upgraded Oatly shares to Acquire from…
