Beyond Meat’s History. It's certainly possible. Beyond Meat has set its sights even higher than the $140 billion projection. Now in over 58,000 grocery stores, restaurants, hotels, universities and beyond… According to analysts' consensus price target of $103.84, Beyond Meat has a potential downside of 17.2% from its current price of $125.43. This article analyzes Beyond Meat’s stock performance, the history of the company, the market for meat alternatives, and some of its competitors. She also worked at Mediabistro, and previously handled media relations for MSLGroup’s consumer practice.Here’s what you need to know about the impact of Covid-19 to navigate the markets today.“Impossible Foods has established a significant presence in the food service channel (several thousand locations) and is rolling out nationwide with Burger King after a successful pilot,” JPMorgan wrote. Returns as of 07/30/2020.Argus initiated coverage on Beyond Meat in March. You can follow her on Twitter @tgarcianyc. The meat industry is facing severe disruptions in its supply chain because of outbreaks of COVID-19 in processing plants and other facilities. Jefferies initiates Beyond Meat stock hold with an $85 price target. Price Target Upside/Downside. “Impossible is also planning to enter U.S. retail this year. In total, Jefferies expects 70% organic sales growth for Beyond Meat.“Over the course of 2017 and 2018, Beyond Meat encountered a variety of supply-related problems which inhibited growth and weighed on margins,” Goldman Sachs wrote, saying the issues were “not insignificant,” though the company has overcome them.“We believe the growth opportunity is substantial within food service as large quick-service restaurants are looking to incorporate plant-based proteins to their menus given mainstream interest,” analysts wrote, referring to Beyond Meat.Jefferies initiates Beyond Meat stock hold with an $85 price target.“Beyond Meat only needs to capture a fraction of this expansive total addressable market to be successful,” JPMorgan wrote.Analysts model for a total addressable market (TAM), or total available market, for plant-based meat of $100 billion in 15 years, and think the company can generate $5 billion in net revenue in that time.“Beyond Meat’s ingredients are common and accessible.
Their growth has been explosive in the last few years. Shares of Beyond Meat Inc. BYND, +1.30% are down 2.5% in premarket trading Monday after Barclays analyst Benjamin Theurer lowered his rating … Beyond Meat has a market cap of $9.42 billion US (as of July 2019). "I am proud of our first-quarter financial results, which exceeded our expectations despite an increasingly challenging operating environment due to the COVID-19 health crisis," Beyond Meat CEO Ethan Brown said in the company's earnings release. They also highlighted that Beyond Meat can go further than burgers, with Beyond Sausage already showing promise. Gross margin improved to 38.8% in the first quarter, up from 26.8% in the prior-year period. Should meat shortages continue, plant-based food, such as those produced by Beyond Meat, could be part of the solution.Argus Research boosted its target price on Beyond Meat stock to $180 per share on Tuesday, up from its previous forecast of $130. The company's average rating score is 1.81, and is based on 5 buy ratings, 7 hold ratings, and 9 sell ratings. where to FIND beyond meat ®. Beyond Meat's (NASDAQ:BYND) stock is on a tear. The company will offer affordable burgers through major US retailers like Walmart and Target .Amid the COVID-19 pandemic, Beyond Meat… Beyond Meat to sell its plant-based products in Sao Paulo, marking its entrance into the Brazil market Beyond Meat Inc. is entering the Brazil market … Beyond Meat has received a consensus rating of Hold.
Its analysts placed a buy rating and a $130 target price on the stock at the time, back when it was trading below $100.That call proved prescient. Tonya joined MarketWatch from Moguldom Media, where she was business editor for MadameNoire, a website targeting African-American women with a range of content from personal finance to economics, politics, education and lifestyle and entertainment.