Is Beyond Meat Stock a Buy?
It's tough to ignore the fact that healthy lifestyles are very much in vogue these days. This movement started a couple of years ago but the recent COVID-19 pandemic has accelerated this trend as more people seek to boost their immunity as the coronavirus rages around the globe.
Beyond Meat (NASDAQ: BYND) has capitalized on this increased focus on healthy eating by introducing plant-based meat products such as meatless hamburger patties and meatballs. The company is a major disruptor to the $1.4 trillion global meat industry and has rolled out its products to 112,000 outlets worldwide.
Beyond Meat's share price has more than doubled since the start of the year and recently hit its 52-week high of $195. Does the plant-based meat company still qualify as a buy?
Source Fool.com
