4 Challenges That Could Hurt Beyond Meat Stock
Beyond Meat (NASDAQ: BYND) has seen a remarkable recovery in 2020. After the stock fell by nearly 70% in the second half of last year, some began to question whether the plant-based meat-substitute manufacturer could satisfy market expectations.
Beyond Meat stock has staged a dramatic recovery in January, rising by more than 50% since the end of last year. While Beyond Meat could continue to rally, it faces four challenges that bode poorly for the future of the company.
One concern pertains to its high multiple. Beyond Meat trades at a forward P/E ratio of just over 280. Moreover, with 76.2% revenue growth expected for next year, expectations likely drive the interest in Beyond Meat stock.
Source Fool.com
