Mizuho analyst John Baumgartner lowered the firm’s price target on Beyond Meat (BYND) to $3 from $5 and keeps an Underperform rating on the shares. The firm says 2025 opens with U.S. Food valuations near 20-year lows vs. the S&P 500 and weaker expectations for EPS given soft volumes and limited pricing power. In addition, continued uncertainty about demand related to GLP-1s and new regulatory concerns should limit investors’ appetites to own the space in the near term. Mizuho believes that most models remain capable of normalized positive mid- to high-single-digit EPS, but views 2025 as an investment year including rising potential for pricing adjustments across categories where consumption remains weak following inflation.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYND:
- Electronic Arts, Rivian downgraded: Wall Street’s top analyst calls
- Beyond Meat call volume above normal and directionally bullish
- Beyond Meat’s Beyond Sun Sausage expands to whole foods market
- Beyond Meat price target lowered to $5 from $6 at TD Cowen
- Beyond Meat’s Global Expansion: Risky Investments in China and Europe Threaten Financial Stability