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Beyond Meat On The Stock Market
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10 Jun 2019 12:12 PM EST


According to Business Insider, "Beyond Meat's stock has continued to soar after its first-quarter earnings topped expectations on Thursday. Shares are now trading more than 475% above their May initial-public-offering price of $25. Wall Street has taken note and reevaluated price targets and expectations for the company." After it's Thursday close, Beyond Meat reported a loss that was narrower than anticipated, and it's revenue was slightly above analyst expectations, as well as a loss that was narrower than anticipated. Because of these results Wall Street analysts are going to reassess their price targets and valuations for Beyond Meat.

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