Is Beyond Meat Stock a Buy?
Ask almost any analyst on Wall Street, and they'll tell you Beyond Meat (NASDAQ: BYND) stock is overvalued. Of the analysts tracked by TipRanks, only one would say Beyond Meat is a buy right now, but that analyst's price target is within 10% of where the stock currently trades. Therefore, even the lone bull would say near-term upside is limited today.
The Beyond Meat bears make some fair arguments against the stock that shouldn't be glossed over. But I believe they're overlooking important elements to this investment story.
Beyond Meat plant-based burgers. Image source: Beyond Meat.
Source Fool.com
