Beyond Meat (BYND) Stock: $20 Price Target From BofA Securities

By Amit Chowdhry ● May 12, 2022
  • The shares of Beyond Meat Inc. (NASDAQ: BYND) have received a $20 price target from BofA Securities. These are the details.

The shares of Beyond Meat Inc. (NASDAQ: BYND) have received a $20 price target from BofA Securities. And BofA Securities analyst Bryan Spillane is maintaining an “Underperform” rating on the shares.

Spillane adjusted the rating following the company’s first-quarter results. Beyond Meat reported a Q1 EPS of ($1.58), which was $0.57 lower than analyst estimates of ($1.01). And the revenue for the quarter was $109.5 million compared to the consensus estimate of $112.4 million.

In terms of guidance, Beyond Meat expects FY2022 revenue of between $560 million and $620 million, compared to the consensus of $588.9 million.

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