Is Beyond Meat Stock a Buy??

Beyond Meat is a company that sells plant based foods to consumers. Plant based foods are a growing industry trend, since consuming meats is very bad for the environment. Furthermore, humans are starting to become more conscious of the foods that they putting into their bodies. A lot of people would not eat their pet dog or cat, and now they are having the same reservations about eating a pig or cow. The total plant based market in the US was $5B and has been growing in the double digit percentages in each of the last two years. Having a market cap of $8B values Beyond Meat as pretty much having the entire plant based food market to themselves, which makes the valuation a little bit high. However, being the most recognized brand and being the largest player in this space will definitely help in the future.

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DougieFinance

Dec 21, 2020
· POSITION CLOSED

-14.77%

Position Return %

138.57

Price When Posted

-20.47

Position Return

BYND

Beyond Meat Inc

108.27

-2.54
-2.29%
Current Price

Is Beyond Meat Stock a Buy??

bullish
Beyond Meat is a company that sells plant based foods to consumers. Plant based foods are a growing industry trend, since consuming meats is very bad for the environment. Furthermore, humans are starting to become more conscious of the foods that they putting into their bodies. A lot of people would not eat their pet dog or cat, and now they are having the same reservations about eating a pig or cow. The total plant based market in the US was $5B and has been growing in the double digit percentages in each of the last two years. Having a market cap of $8B values Beyond Meat as pretty much having the entire plant based food market to themselves, which makes the valuation a little bit high. However, being the most recognized brand and being the largest player in this space will definitely help in the future.
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1 min

143.00

Target Price

7/ 10

Confidence

2-6 Months

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