Is beyond meat worth investing?

Beyond Meat Inc (BYND) The long-term outlook for plant-based meat appears compelling. In addition, Beyond Meat is seeing a rebound in the food-service market. But the chart’s technical picture remains weak. Bottom line: BYND stock is not a buy right now.

Who is the investor of Beyond Meat?

Beyond Meat is also backed by celebrity and athlete investors such as Leonardo DiCaprio, Jessica Chastain, Snoop Dogg, Liza Koshy, Chris Paul, Kyrie Irving, DeAndre Hopkins and others. In May 2019, Beyond Meat went public and trades on the United States Nasdaq exchange under the symbol BYND.

Is Beyond Meat a good company to invest in?

Out of 14 analyst ratings, there is one Buy recommendation, seven Hold recommendations, and six Sell recommendations. The average Beyond Meat price target is $78.83, implying 21% upside potential. Analyst price targets range from a low of $54.00 per share to a high of $122.00 per share.

How is Beyond Meat doing financially?

(NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, today reported financial results for its second quarter ended July 3, 2021. Net revenues were $149.4 million, an increase of 31.8% year-over-year. Gross profit was $47.4 million, or gross margin of 31.7% of net revenues.