Where Will Beyond Meat Stock Be in 3 Years?
Wall Street has no appetite for Beyond Meat (NASDAQ: BYND) stock these days. Its shares plunged over the past year as the plant-based protein specialist saw collapsing demand, thanks partly to consumers' preference for cheaper meat products.
In response, Beyond Meat has launched an aggressive restructuring program to produce a much more efficient business. Success here might allow the company to hold a dominant position in the industry niche after the current shake-out removes some competition.
Let's look at the stock's multi-year potential against that challenging backdrop.
Source Fool.com
