J.P. Morgan analyst Kenneth Goldman has maintained their bearish stance on BYND stock, giving a Sell rating today.
Kenneth Goldman has given his Sell rating due to a combination of factors impacting Beyond Meat’s financial outlook. The company’s recent earnings report showed a slight revenue beat but was overshadowed by a significant EBITDA miss, largely attributed to a weaker-than-expected gross margin. Additionally, the guidance for 2025’s revenue fell short of market expectations, and while the gross margin guidance aligns closely with the Street’s estimates, the overall financial outlook remains concerning.
Goldman also highlights Beyond Meat’s historical challenges in meeting its own guidance, noting that the company has consistently missed its sales or gross margin targets over the past five years. Despite some positive signs of revenue growth, the persistent issues with profitability and the company’s track record of unmet expectations contribute to the cautious stance. Therefore, the Sell rating reflects concerns over the company’s ability to achieve significant financial improvement in the near term.
In another report released today, TD Cowen also maintained a Sell rating on the stock with a $2.50 price target.
BYND’s price has also changed dramatically for the past six months – from $6.520 to $3.560, which is a -45.40% drop .