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Your email address will not be published.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

The $40 Billion Dollar Content Gold Rush

Apple, Disney, Netflix, Amazon, NBC, Hulu & More are All Competing Within the Global Video Streaming Market and They All Need the Same Thing…

1 Biotech Stock is Positioning Itself for Success

Biotech has always been one of the best performing sectors in the market. A number of biotech stocks have produced life-changing returns because of their treatments and opportunities. You wont believe what this 1 stock is doing…

1 Stock is Positioning to Disrupt a Billion Dollar Industry Creating Opportunity & Saving Lives

The Weapons Detection market is expected to grow to nearly $7.5 billion by 2025 and for investors, it could signal big opportunities.

What Curing Cancer & HIV Could Mean for This Company, Its Investors & The World!

The opportunity for companies within this sector is massive we are now talking about an industry that is currently worth over US$ 100 billion with the potential in the next 6.5 years to be worth over US$ 200 billion.