Credit Suisse Group Boosts Beyond Meat (NASDAQ:BYND) Price Target to $125.00
Beyond Meat (NASDAQ:BYND) had its price objective hoisted by Credit Suisse Group from $70.00 to $125.00 in a research report report published on Tuesday, 24/7 WallStreet reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also weighed in on BYND. JPMorgan Chase & Co. reaffirmed a buy rating on shares of Intel in a report on Tuesday, June 11th. Sanford C. Bernstein set a €25.00 ($29.07) target price on shares of Deutsche Lufthansa and gave the stock a buy rating in a report on Wednesday, June 12th. Consumer Edge assumed coverage on shares of Beyond Meat in a report on Monday, May 20th. They set an equal weight rating and a $89.35 target price on the stock. Goldman Sachs Group assumed coverage on shares of Beyond Meat in a report on Monday, May 27th. They issued a neutral rating and a $67.00 price target on the stock. Finally, Jefferies Financial Group increased their price target on shares of Avid Technology from $6.50 to $8.50 and gave the stock a hold rating in a report on Friday, June 7th. Eight equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of Hold and an average price target of $104.48.
Beyond Meat stock opened at $174.20 on Tuesday. The business’s 50 day moving average price is $135.37. Beyond Meat has a 1-year low of $45.00 and a 1-year high of $201.88.
In other Beyond Meat news, insider Dariush Ajami acquired 2,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was bought at an average price of $25.00 per share, with a total value of $50,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Raymond J. Lane acquired 29,442 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $25.00 per share, with a total value of $736,050.00. The disclosure for this purchase can be found here.
Beyond Meat Company Profile
Beyond Meat, Inc, a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love, and The Cookout Classic brand names.
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