Why I Disagree With These 2 Analysts and Am Sticking With Beyond Meat Stock
On Friday, Sept. 18, J.P. Morgan analyst Ken Goldman, along with research firm CFRA, downgraded Beyond Meat (NASDAQ: BYND) to a "sell" rating from "equal weight," sparking a sell-off in the stock, in sympathy with many high-growth technology names.
A leader in plant-based meat, Beyond Meat's stock has surged almost 100% this year, as its terrific growth rates and new innovations have fueled enthusiasm for the stock. But as a recent shareholder of Beyond, here's why I'm not selling my shares despite the stock's terrific run and J.P. Morgan and CFRA's downbeat take.
Is Beyond Meat a buy or a sell? Image source: Getty Images.
Source Fool.com
