Goldman wrote that the stock "now bakes in plenty of potentially good news" and that the bank's downgrade was "largely a valuation call." He added that JPMorgan remained optimistic about Beyond Meat's growth prospects and that Beyond Meat could be a global leader in the growing plant-based-meat sector with $2 billion in sales by 2020. The restaurant chain plans to begin selling Beyond Burgers in 1,700 locations and give free burgers with drink purchases on Thursday to kick off the expansion.īeyond Meat was among the few companies to notch major gains in Monday trading as the greater stock market tumbled on coronavirus fears. Tattoo Market Is Booming Worldwide Forecast 2023-2030 Published: May 5. Based on 5 analysts offering 12 month price targets for Beyond Meat Inc. Plant-based Meat Market to Hit 18.96 Billion by 2030 says. Beyond Meat stock 5 year forecast: Where Will BYND Stock Be In 5 Years. The faux meat producer traded as much as 9% higher Monday after announcing an expanded partnership with Denny's. Beyond Meat Inc Stock Forecast, Predictions & Price Target. Disney will start 2025 at 126.67, then soar to 134.02 within the first six months of the year and finish 2025 at 154.12. Global retail sales of plant-based food alternatives were just under 30 billion (27 billion) in 2020, according to an August report from Bloomberg Intelligence. Beyond Meat has enjoyed stock jumps from numerous stories in January, including the CEO of the rival Impossible Foods saying his supply chain wasn't ready yet for a McDonald's partnership, McDonald's expanding its sale of Beyond Burgers in Canada, and Starbucks announcing plans to add more plant-based items to its menu. We believe Beyond Meat Revenues have the potential to rise close to 2.7x from the level of 407 million in 2020 to 1. These five years would bring a significant increase: Disney price would move from 126.67 to 253.42, which is up 100.
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