Wall Street is neutral on Beyond Meat Inc (BYND). On average, analysts give Beyond Meat Inc a Hold rating. The average price target is $62.076, which means analysts expect the stock to rise by 111.43% over the next twelve months.
That average ranking earns Beyond Meat Inc an Analyst Rating of 3, which is better than 3% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating BYND a Hold today. Find out what this means to you and get the rest of the rankings on BYND!
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Beyond Meat Inc Stock Today?
Beyond Meat Inc (BYND) stock is trading at $29.36 as of 10:42 AM on Monday, May 16, a loss of -$1.88, or -6.02% from the previous closing price of $31.24. The stock has traded between $29.14 and $31.08 so far today. Volume today is low. So far 812,192 shares have traded compared to average volume of 3,881,589 shares.
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