Barclays Sticks to Its Sell Rating for Beyond Meat (BYND)
Barclays analyst Benjamin Theurer maintained a Sell rating on Beyond Meat today and set a price target of $0.50.
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Theurer covers the Consumer Defensive sector, focusing on stocks such as Bunge Global, Archer Daniels Midland, and Ingredion. According to TipRanks, Theurer has an average return of 4.9% and a 52.42% success rate on recommended stocks.
In addition to Barclays, Beyond Meat also received a Sell from Mizuho Securities’s John Baumgartner in a report issued yesterday. However, on the same day, TipRanks – xAI reiterated a Hold rating on Beyond Meat (NASDAQ: BYND).
Based on Beyond Meat’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $61.59 million and a net profit of $409.85 million. In comparison, last year the company earned a revenue of $76.66 million and had a GAAP net loss of $44.86 million
Read More on BYND:
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- Why Beyond Meat (BYND) Stock Tumbled 12% — and Where Jefferies Sees It Going Next
- Beyond Meat’s Debt Reset Clashes With Revenue Slide
- Beyond Meat price target lowered to 70c from $1.25 at Jefferies
- Beyond Meat reports Q4 EPS (29c), consensus (10c)
- Beyond Meat sees Q1 revenue $57M-$59M, two estimates $63.51M
