
Beyond Meat (BYND) Stock Forecast & Price Target
Beyond Meat (BYND) Analyst Ratings
Bulls say
Beyond Meat Inc. has demonstrated significant growth in its international markets, with retail sales increasing by 39% year-over-year and foodservice sales reflecting an impressive 79% growth. The company is capitalizing on robust category demand in Europe, particularly through its partnerships with large foodservice operators like McDonald's, which has driven notable expansion in various countries. Furthermore, the forecasted increase in FY24 adjusted EBITDA highlights a positive trend, alongside expectations for accelerated sales growth and improved cash flow visibility, further strengthening the company's financial outlook.
Bears say
Beyond Meat Inc. reported a disappointing financial performance, with third-quarter revenue of $75 million falling short of the $88 million consensus, alongside a $57 million EBITDA loss that was $13 million below expectations. The company experienced significant sales declines of 23% in retail and 26% in foodservice, driven by a 34% drop in U.S. retail volume and a 22% decline in U.S. foodservice volume, reflecting ongoing sector-specific challenges and reduced promotional effectiveness. Furthermore, guidance for 2024 indicates revenue could be flat to 8% below 2023 levels, despite expectations for gross margins to improve and operating expenses to decrease, indicating ongoing struggles in revenue generation amid a contracting market.
This aggregate rating is based on analysts' research of Beyond Meat and is not a guaranteed prediction by Public.com or investment advice.
Beyond Meat (BYND) Analyst Forecast & Price Prediction
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