The restaurant giant is testing Beyond's plant-based foods, and it could choose to roll out the products to more of its nearly 40,000 restaurants worldwide. Buying stocks makes investors part owners of a business, so tracking fundamental business results are more important. But price targets shouldn't be a core part of an investing thesis. @themotleyfool #stocks $BYND $MCD, Beyond Meat Launches Its Fourth New 2020 Product: Breakfast Sausage Links, Copyright, Trademark and Patent Information. Even after today's pullback, shares have still gained over 140% so far this year, and over 37% in just the past month. Some analysts believe a deal with McDonald's could also be in Beyond Meat's future. “Recent and planned expansions in production capacity look set to facilitate rapid sales growth in 2019 and beyond,” Howard wrote, estimating that if the alternative meat category follows the same growth path as plant-based beverages, the total addressable market could reach about $40.5 billion in the U.S. over the next decade. Shares of the plant-based meat alternatives producer are up a sizzling 82% over the past month -- and one analyst firm expects the stock to rise another 36% in the months ahead. Joe honed his investing skills as an analyst for Stock Advisor, Supernova, and Fool One. Beyond Meat Inc. just got its first sell-side bull after its splashy IPO last week. Now, Joe’s mission is to pass on what he’s learned -- and what he continues to learn -- as a contributing writer to Fool.com. Better still, Beyond Meat is becoming more profitable as it scales its operations. Returns as of 10/23/2020. As of 10:30 a.m. EDT, Beyond Meat stock was down 3%, but had dropped as much as 5% earlier in the day. Its analysts placed a buy rating and a $130 target price on the stock at the time, back when it was trading below $100. After Argus' initial call, Beyond Meat went on to deliver strong first-quarter results on May 5, with revenue surging 141% year over year to $97.1 million. Deceased AstraZeneca Trial Volunteer Didn’t Receive Vaccine, Gilead’s Remdesivir Is First Virus Drug to Get FDA Approval, Banks Lead U.S. Stocks Higher With Yields Climbing: Markets Wrap, Huawei Outhustles Trump by Hoarding Chips Vital for China 5G, Illinois, Ohio Hit Highs; FDA Approves Remdesivir: Virus Update. According to analysts' consensus price target of $119.30, Beyond Meat has a forecasted downside of 32.3% from its current price of $176.29. This being the case, it's not unreasonable to say Beyond Meat stock will struggle to beat the market in the near term. Image source: Beyond Meat. Beyond Meat, which had the strongest first day for an IPO since at least 2008, added another 6.4 percent on Tuesday, rising to $79.56 in early trading. See you at the top! The coffee titan is rolling out Beyond Meat's products in more than 4,000 China stores. Today, shares are fetching $131. In short, the business is doing well, likely better than its management forecasted at the beginning of the year. Beyond Meat stock has experienced incredible gains in 2020. While I no longer get to exercise my analytical muscles with linguistics, it's rewarding to analyze business and share my opinions through this platform. Feel free to reach out to me at jon.quast@foolcontractors.com. "We view Beyond Meat as the leading company in the plant-based protein space, with a widely recognized brand and prospects for continued market share growth," Argus wrote in a note to investors. The meat industry is facing severe disruptions in its supply chain because of outbreaks of COVID-19 in processing plants and other facilities. The stock, up more than 200 percent since its trading debut last week, was rated a new outperform at Bernstein, and analyst Alexia Howard sees even more upside, albeit much smaller than its recent gains. Howard went a step further by setting a $136 per share price target on Beyond Meat stock. It's entirely possible. Shares of Beyond Meat (NASDAQ:BYND) dropped today after Bernstein analyst Alexia Howard said it will underperform the market and lowered the stock's price target. Such a deal would be likely to send Beyond Meat's stock sharply higher. So could Beyond Meat stock really plummet to $136 per share in the near term? In addition, meat alternatives could help to fill the gaps in the nation's food supply. The gains came even as thousands of restaurants were forced to close during the coronavirus pandemic. So, could Beyond Meat stock reach $180 per share? What's great about exploring business and the economy is the insight it gives you into how things are in the world. Moreover, Beyond Meat's international sales should receive a caffeinated jolt from the deal it reached with Starbucks in April. Let's conquer your financial goals together...faster. This year, Beyond Meat has signed on new distribution partners and launched new products, all of which weren't factored into the company's full-year 2020 guidance. What’s more, the African swine fever outbreak in China could drive up global meat prices, making plant-based burgers look more attractive, she added. That's why it's best to stay the course with top growth stocks, ignoring the volatility Beyond Meat is experiencing today. Several states are easing stay-at-home restrictions that were put in place to slow the spread of COVID-19. Argus initiated coverage on Beyond Meat in March. Market data powered by FactSet and Web Financial Group. This reputable analyst's bearish sentiment has retail investors reconsidering their positions, sending shares lower. BEYOND MEAT, INC. analysts consensus, targets, ratings and recommendations | Nasdaq: BYND | Nasdaq

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