beyond meat stock

On Monday Beyond Meat Inc (BYND Stock Report) stock soared about 10% almost to the all-time high and investors are optimistic ahead of the company’s release of Q2 earnings on July 29. 

Beyond Meat Stock Price Up 10%

At the start of May, Beyond Meat priced its IPO at $25 per share and ever since the stock has witnessed spectacular gain. The stock is 680% up to date which gives the company a market value of around $12 billion. On June 18 the stock soared to an all-time high to around $201.88 and on Monday at the close of trading the stock was up by close to 10% closing at $194.20.

[Read More] 3 Biotech Stocks To Watch After Big News This Month

The company’s Q1 earnings exceeded analyst estimates and as a result, shares surged by over 20%. It is expected that if the Q2 earnings will replicate the performance in the first quarter the share price will well go above the $200 mark which represents close to 700% gain since May.

Beyond Meat, the stock has gained tremendously as a result of increasing demand for plant-based meat. Although there are competitors the company has a first-to-market advantage relative to competitors like Impossible Foods.

Beyond Meat To Report $52.7 million

When the company reports its Q2 earnings on Monday, analysts have predicted that the company will report revenue of around $52.7 million and a loss of $0.08 per share.

In the next decade, the plant-based meat market is expected to be reach around $140 billion and as a result, investors are buying Beyond Meat stock to get into the trend. More restaurants are adding plant-based meat alternatives in their menu and recently when Blue Apron added products of Beyond Meat to its menu, the company’s stock surged by close to 50%[1].

Analysts are balanced regarding the stock and most Wall Street analysts have a ‘hold’ rating on the stock with price targets being lower than the current trading. There is however a lot of potential on the stock in the long term. 

Beyond Meat Stock Price


Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

What’s Next For The Real Estate Industry?

The coronavirus economic shock has left some questioning the stock market. But…

International Land Alliance (ILAL) Announces Affordable Option at Bajamar

SAN DIEGO, CALIFORNIA, April 27, 2020 (GLOBE NEWSWIRE) — International Land Alliance,…

Multi-Trillion Dollar Industry Providing Massive Opportunity in 2019 & Beyond

The most recent global report from the United Nations states that by …