BEYOND MEAT STOCK IS SOARING | BYND STOCK | WILL IT REACH $200?

Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. The company has products designed to simulate chicken, beef, and pork sausage.

BYND currently trades at $153 per share and has a market capitalisation of roughly $9.5 billion. They currently have partnerships with Starbucks, Dunkin Donuts, KFC and Subway.

Beyond Meat stock soared from it's IPO price of $66 to $235 in its first 3 months on the stock exchange and then plummeted as the speculative investors took their profits.

Is it another speculative stock that is doomed to fail, or is it a future stock market giant? Investing in Beyond Meat stock is tempting, but there certainly are several challenges facing the company.

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