Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.
Price
Target price
€7.16

€7.16

-9.170%
-0.715
-9.170%
€4.70
 
18.03.24 / Tradegate WKN: A2N7XQ / Symbol: BYND / Name: Beyond Meat / Stock / Mid Cap /
Please give a prediction to see the opinions of the community
sharewise uses Wisdom of crowds to gather information regarding a security. Wisdom of crowds works best if you do not see the predictions of others before giving your estimate. Please click one button to see how the community sees this security.

Beyond Meat Inc Stock

Beyond Meat Inc took a tumble today and lost -€0.715 (-9.170%).
Our community is currently low on Beyond Meat Inc with 0 Buy predictions and 5 Sell predictions.
A potential of -44.16%, resulting from comparing the current price of 7.16 € with the target price of 4 € for Beyond Meat Inc, shows the chance of incurring significant losses.
Our community identified positive and negative aspects for Beyond Meat Inc stock for the coming years. 5 users see the criterium "Worthwhile Investment for the next years" as a plus for the Beyond Meat Inc stock. On the other hand our users think that "Valuation (undervalued/overvalued)" could be a problem in the future.

Pros and Cons of Beyond Meat Inc in the next few years

Pros
?
M***** P*******
?
C******** o* t** e**********
?
B****
Cons
?
G***** c******* t* c**********
?
S********** s********
?
W********* I********* f** t** n*** y****
Tell us your opinion to access the 'Wisdom of the Crowds'

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-06-08

Beyond Meat (NASDAQ: BYND) is a pioneer in the plant-based meat industry, offering consumers a variety of innovative and sustainable meat alternatives. A quick glance at the financial statements reveals an interesting mix of strengths and weaknesses. On the one hand, the company appears to be rapidly expanding its reach, with consistent growth in total revenue. Conversely, it is facing some challenges in profitability, with net and operating incomes remaining in the negative territory. A detailed analysis of the financial statements will further highlight the pros and cons to better understand the company's outlook.

Growing Revenue: Over the years, Beyond Meat has exhibited a strong growth trajectory, with total revenue rising from $406.8 million in 2020 to $418.9 million in 2022. Further, the revenue for the first quarter of 2023 stands at $92.2 million. This upward trend indicates sustained demand for the company's products, placing it in a favorable market position.

Increased Inventory: From 2020 to 2022, the company's inventory rose significantly from $121.7 million to $235.7 million. The higher inventory levels could be seen as a positive, as it signals that the company is preparing for higher sales in the future.

Comments

Prediction Sell
Perf. (%) -28.80%
Target price 6.461
Change
Ends at 28.02.25

Beyond Meat, Inc. (NASDAQ: BYND) had its price target raised by analysts at Mizuho from $5.00 to $7.00. They now have an "underperform" rating on the stock.
Ratings data for BYND provided by MarketBeat
Show more

Prediction Sell
Perf. (%) 14.41%
Target price 4.683
Change
Ends at 13.11.24

Beyond Meat, Inc. (NASDAQ: BYND) was downgraded by analysts at Consumer Edge from an "equal weight" rating to an "underweight" rating. They now have a $5.00 price target on the stock.
Ratings data for BYND provided by MarketBeat
Show more

Prediction Sell
Perf. (%) -8.47%
Target price 4.725
Change
Ends at 12.10.24

Beyond Meat, Inc. (NASDAQ: BYND) was downgraded by analysts at Mizuho from a "neutral" rating to an "underperform" rating. They now have a $5.00 price target on the stock, down previously from $12.00.
Ratings data for BYND provided by MarketBeat
Show more