Why Beyond Meat Stock Just Popped 5%

Shares of plant-based meat alternatives purveyor Beyond Meat (NASDAQ: BYND) are growing higher in morning trading Tuesday, up 4.9% as of 10:20 a.m. EDT, after investment banker Piper Sandler raised its price target on the stock. Of course, Piper only raised its price target to $178, which is about $5 lower than what Beyond Meat shares currently cost.

So why is this good news for Beyond Meat stock?

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Source Fool.com