The Weird Reason That Beyond Meat Slumped on Monday

Eric Volkman, The Motley Fool
·2-min read
The Weird Reason That Beyond Meat Slumped on Monday

A stock usually pops in value when an influential analyst ups a price target, particularly when said price target is nearly tripled. Analyst Adam Samuelson increased his price target on Beyond Meat stock to $112 per share from his previous $44. The caveats to this are that Samuelson still rates the shares a sell, and that $112 level -- while still representing an impressive increase in sentiment -- remains well under the company's latest closing price.