In recent years, the culinary landscape has witnessed a revolutionary shift as consumers increasingly seek healthier and more sustainable dietary options. Amidst this dietary evolution, Beyond Meat (BYND:NSD) has emerged as a prominent player, captivating both taste buds and investors alike. In this statistical analysis, we delve into the intricate facets that define the BYND stock price target.
Understanding Sales:
Sales misses caused a decline in BYND stock. This circumstance can be attributed to diverse causes, one of which is enhanced competition among Hain Celestial Group (HAIN:NSD), B&G Foods (BGS:NYE), Oatly Group (OTLY:NSD), Vital Farms (VITL:NSD), and Benson Hill (BHIL:NYE), and due to this, BYND fell short of the analyst’s presupposition of $108.74 million. Net revenues for the quarter waned by 30.5% to $102.1 million.
Sales for Beyond Meat fell by 40.1% year over year, mostly due to a reduction in the market for meat alternatives as a whole. The level of demand is being impacted by challenges like ongoing inflation, rising interest rates, and the potential for a recession.
On the plus side, the company’s diluted loss of $0.83 per share was lower than analysts’ expectations of a loss of $0.84 per share. Additionally, this represents an improvement over the $1.53 per share loss reported the year prior. The operational effectiveness was credited to “lower materials costs, lower inventory reserves, and lower logistics costs per pound.”
Positive Revenue Growth:
Compared to its industry, the revenue growth of BYND stock over the previous five years has been in the top quartile.
BOOK value of BYND stock:
On a book value ratio basis, the stock is trading above its rivals’ average prices. It is overpriced. For the three months that ended in March 2023, Beyond Meat’s book value per share was $-3.95, and any under 1.0 is good for the company’s benefit. Beyond Meat’s average Book Value Per Share Growth Rate over the previous 12 months was -711.80%.
Investment Potential:
Beyond Meat’s Adventure is not simply a sensation in the food industry; it also has lucrative investment potential. Although stock performance is susceptible to market swings, Beyond Meat’s leadership in the plant-based protein sector offers the possibility of significant profits for investors who appreciate the game-changing nature of their products.
12-Month BYND stock Price Target:
Following the Q2 report, Adam Samuelson of Goldman Sachs restated his previous Sell recommendation on BYND stock with a $4 price target (73.8% possible downside). The analyst also adjusted his model to take into account the company’s altered outlook.
The average Beyond Meat price target is $9.13, which suggests a 40.3% possible decline from present prices. Based on six Hold ratings and four Sell ratings, BYND stock has a Moderate Sell consensus rating.
Investors could also follow J.P. Morgan analyst Kenneth Goldman if they want to follow the most profitable analyst for BYND. If you replicate his trades on BYND stock and hold each position for a year, you may make money on 76% of your transactions, with an average return of 35.89%.
Embracing the Beyond Meat Revolution:
As investors become more conscientious about the BYND stock forecast, here is what analysts have forecasted about the Bynd stock price. It stops at $14.89 over the next 12 months. The last closing price was $15.2 USD. The stock price of Beyond Meat Inc. moved by -11.16% over the week prior, +3.38% over the previous month, and -60.06% over the previous year.
BYND Stock-Road Ahead:
Eight of the analysts had ‘hold’ recommendations in place, while three saw the stock as a ‘sell’. The consensus view was that BYND could fall 16.36% to $11.25. The highest prediction was for it to reach $14, while the lowest forecast came in at just $6.
The median price target for Beyond Meat Inc. from the 11 analysts providing 12-month price estimates is 12.00, with a high estimate of 14.00 and a low estimate of 5.00. From the most recent price of 16.93, the median estimate reflects a reduction of -29.12%.
This provides more encouraging news, with the consensus view being that the stock has a 51.49% potential upside to $20.38. The highest stock prediction was $62, while the lowest came in at just $8.
