Beyond Meat finally looks attractive
Updated
With Beyond Meat finally having returned to its IPO-day price range, the stock finally looks fairly valued. BYND may stay here for now, but if its earnings outlook improves then it could once again explode higher. I think this stock has a lot of upside potential in the next two years, with analysts currently forecasting huge earnings growth. The current analyst summary score is pretty bad, at 1.1/10. However, it has a "buy" rating from Zacks, which is one of the most accurate analyst firms, and a low summary score means there's a lot of opportunity for upgrades to move the stock price. I also see a fair amount of bullish divergence on the chart.
Note
BYND has been weak ever since the FDA approved its rival Impossible Burger's soy leghemoglobin product, but it appears to be setting up for a bounce today. Enter on a green close today.
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