Could Beyond Meat Be a Millionaire-Maker Stock?
After a disappointing third-quarter earnings report from Beyond Meat (NASDAQ: BYND), investors are questioning whether the growth story is already over. Shares of the plant-based meat alternative manufacturer have fallen 36% from their October highs.
While the stock soared 65% in 2020 and has risen nearly fivefold from its initial public offering price, undoubtedly creating quite a few millionaires who bet on the business early on, growth seems to have faltered significantly in a time when it should be expanding, so let's see whether Beyond Meat still has what it takes to be a millionaire-maker stock in the future.
Image source: Beyond Meat.
Source Fool.com