Beyond Meat (BYND) Stock: $27 Target From Mizuho

By Amit Chowdhry ● Aug 30, 2022
  • The shares of Beyond Meat (BYND) recently received a $27 price target from Mizuho. These are the details.

The shares of Beyond Meat (BYND) recently received a $27 price target from Mizuho.

Price Target: Increased from $21 to $27

Rating: Neutral

Analyst: Mizuho analyst John Baumgartner

Baumgartner adjusted the rating while noting that the company posted revenue and EBITDA misses in the second quarter. And consistent with market concerns, the reduced fiscal 2022 sales guidance with a costly inventory write-down punctuated slower growth. But the weaker consumer macros for premium-priced products does not address Beyond Meat’s market share losses.