stock review: BYND

in ipo •  2 months ago 

Risk level: Moderate

Potential: Low

Summary: BYND has launched to soaring share prices and investors have called it one of the safest bets on the market however it recently lost close to 50% of it's value after what people are blaming on a JP Morgan downgrade. Beyond Meat has partnered with Qdoba and other fast food chains prior to listing and the appearance of their product has added to the hype. Vegetarians are not necessarily as hyped as investors and product demand is questionable from actual health experts. Partnerships are still driving a lot of demand through fast-food chain stores. A surprising food company takes off with success in a certainly hungry world.

Rating: Watch

Exchange: US (Nasdaq)

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