Barclays said Beyond Meat "provides growth and earnings acceleration unparalleled in the space."
In this photo illustration, packages of Beyond Meat "The Beyond Burger" sit on a table, June 13, 2019 in the Brooklyn borough of New York City.on Thursday and said the company was "well-positioned" with the "potential" to capture a large share of the alternative meat market. The firm gave the alternative meat company an "overweight" rating, with a target price of $185 a share.
"We estimate that BYND could reach a 4.5% market share of the global alternative meat industry, which itself could represent 10% of the global meat industry within a decade, " Barclays analyst Benjamin Theurer said."There's a big potential, both at the top and at the bottom: We expect growth to continue at high levels for upcoming years, and expect the company to achieve a 15% EBITDA margin by 2029, in line with its long-term guidance," the Barclays analyst said.
It’s NOT a meat company eatpork eatbeef
short!
The beyond meat burger patties taste like burnt rubber. My dogs don’t even like them.
Maybe that's because it's NOT a meat company.
Veggie burger unicorn
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