+ 0.64
+ 0.46%
+ 0.60
+ 0.36%

Will Beyond Meat Stock Reach $250 By 2022?

January 26, 2021 6:02 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Will Beyond Meat Stock Reach $250 By 2022?

Every week, Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

We surveyed a group of investors on whether shares of Beyond Meat Inc (NASDAQ:BYND) will reach $250 by 2022.

Survey Says

Beyond Meat manufactures, markets, and sells plant-based meat products in the United States and internationally.

The company sells its products through grocery, mass merchandiser, club and convenience store, natural retailer channels, direct to consumer, restaurants, foodservice outlets, and schools.

See Also: How To Buy Beyond Meat Stock

Shares of Beyond Meat surged in Tuesday's session after the company announced a joint venture with PepsiCo (NASDAQ:PEP) to develop, produce and market snack, beverage products made from plant-based protein.

The collaboration could consist of Beyond Meat supplying PepsiCo with plant-based alternatives to cheese for its Tostitos salsa or creating a new lineup of fully vegan Doritos.

68% of respondents said Beyond Meat would reach $250 per share by the end of 2022.

Beyond Meat’s 52-week low of $48 was hit during the onset of the coronavirus pandemic. After the PepsiCo news, shares hit a new all-time high of $221 Tuesday morning and were trading around $186 at publication time.

This survey was conducted by Benzinga in January 2021 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 500 adults.

Related Articles

Salesforce And Beyond Meat – Earnings Moves And Options Trading.

Salesforce.com, Inc. (NYSE: CRM) and Beyond Meat Inc. (NASDAQ: BYND) are two of the companies set to report earnings Thursday after the close. read more

Benzinga's Weekly Bulls And Bears: Eli Lilly, Ford, GameStop, Intel, McDonald's And More

Benzinga has examined the prospects for many investor favorite stocks over the past week. The week's bullish calls included aerospace, automaker and pharmaceutical giants. A leading semiconductor maker and a struggling retailer were among the bearish calls. read more

Why This CEO Is Bullish On GM And Hershey, Bearish On Peloton And Beyond Meat

David Trainer, the CEO of New Constructs, shared with viewers of CNBC's "Trading Nation" three stocks he would buy and three stocks he would avoid. read more

TD Ameritrade Clients Bought Tesla, Nio, And DraftKings Ahead Of The Election

In keeping with the general uncertainty ahead of the presidential election, TD Ameritrade clients did not significantly increase or decrease their market exposure in October, according to data from the firm.  read more