Is Beyond Meat Headed for a Big Correction?
The hype surrounding plant-based burgers has sent Beyond Meat's (NASDAQ: BYND) stock soaring this year, more than doubling since its IPO in May. However, some cracks are starting to show in this once flawless stock and it has fallen by nearly 20% in the past month. As bad as that has been, it wouldn't be surprising to see even more of a sell-off take place.
Beyond Meat's products have been viewed as a game-changer for the food industry. Its meatless products provide an option for vegetarians who wish to enjoy the same indulgences meat-eaters do, without the guilt. And while it's still a very popular choice, the problem is that more attention is being placed on the actual burgers themselves and whether they truly are better than meat for the eater. The verdict isn't out yet, but indications thus far are that Beyond Meat's products aren't any healthier than meat at all, which could be devastating to the company's long-term growth prospects.
Image Source: Beyond Meat
Source Fool.com
