Beyond Meat (BYND) Stock: $30 Target From UBS

By Amit Chowdhry ● Aug 24, 2022
  • The shares of Beyond Meat (BYND) recently received a $30 price target from UBS. These are the details.

The shares of Beyond Meat (BYND) recently received a $30 price target from UBS. And UBS analyst Cody Ross increased the price target on Beyond Meat from $20 while maintaining a “Neutral” rating on the shares.

Ross adjusted the rating while noting that the company’s second-quarter results were disappointing with lower than expected gross margin and EBITDA amid excess inventory that led to more sales through the liquidation channel. But Ross pointed out that the increased price target reflects Beyond Meat’s better visibility of operating expense cuts and lower cash burn rate.