Beyond Meat top choice for Wall Street after bullish results [Toronto Globe and Mail (Ontario, Canada)]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: Toronto Globe and Mail
Beyond Meat top choice for Wall Street after bullish results Shares of Beyond Meat Inc. surged 27 per cent on Friday after the vegan burger maker forecast that sales would more than double over all in 219 after they tripled in the first quarter. Expectations were high heading into Beyond Meat’s report on Thursday, with its shares having jumped about 4 per cent since its initial public offering a month ago. The better-than-expected results and forecast led the stock to soar nearly 21 per cent in extended trade on Thursday. At least three brokerages raised their price targets, with Credit Suisse being the most bullish, upping its target by US$55 to US$125. The Street’s median is US$96. Story continues below advertisement The company is now set to be worth a whopping US$7.36-billion, if current gains hold, after having started out with a US$2.75-billion valuation on debut. Beyond Meat expects 219 revenue to more than double to US$21-million. Chief executive officer Ethan Brown, on a post
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- Beyond Meat, Inc. (NASDAQ: BYND) had its price target lowered by analysts at Mizuho from $7.00 to $6.00. They now have an "underperform" rating on the stock.MarketBeat
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BYND
Earnings
- 2/27/24 - Miss
BYND
Sec Filings
- 4/22/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- BYND's page on the SEC website