Beyond Meat, Inc.Updated $BYND Euphoria may be about to come to a end.
It has been quite a run for BYND since its IPO but there comes a point when such euphoria and fomo comes to a sudden end. When this happens do not be left holding on for the stock to go higher again, after a 300% move it could continue to burn the shorts, but remember this is a company that sells plant based meat alternatives. Why would well established food producers not just produce their own alternative and distribute it much more economically than BYND. This products holds no unique selling point, it's not a revolutionary tech IPO and it does not deserve the value given to it by the street. We would not want to be the last man standing holding this stock when it starts to drop, it will be a cash machine for investors.
SHORT INTEREST <50%
AVERAGE ANALYSTS PRICE TARGET $103
AVERAGE ANALYSTS RECOMMENDATION HOLD
SHORT INTEREST <50%
AVERAGE ANALYSTS PRICE TARGET $103
AVERAGE ANALYSTS RECOMMENDATION HOLD
Note
So Tyson foods have entered the market, what a surprise, still short BYND and will be holding, every producer will follow, and the don't even taste good.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.