Barclays (LON:BARC) analyst Benjamin Theurer maintained a Sell rating on Beyond Meat (NASDAQ:BYND) on Wednesday, setting a price target of $70, which is approximately 8.34% above the present share price of $64.61.
Theurer expects Beyond Meat to post earnings per share (EPS) of -$0.87 for the fourth quarter of 2021.
The current consensus among 14 TipRanks analysts is for a Moderate Sell rating of shares in Beyond Meat, with an average price target of $79.5.
The analysts price targets range from a high of $122 to a low of $54.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $106.43 million and a net profit of -$48.25 million. The company's market cap is $4.09 billion.
According to TipRanks.com, Barclays analyst Benjamin Theurer is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.3% and a 55.26% success rate.
Beyond Meat, Inc. engages in the provision of plant-based meats. Its products include ready-to-cook meat under the brands The Beyond Burger and Beyond Sausage; and frozen meat namely Beyond Chicken Strips and Beyond Beef Crumbles. The company was founded by Ethan Walden Brown and Brent Taylor in 2009 and is headquartered in El Segundo, CA.