Demand – Falling demand for plant based meat is expected to bottom out. I anticipate in the second half of the year, the company will report rising demand which will take investors by surprise.
New products – Beyond 4.0 just hit the shelf. The initial reviews are positive when it comes to taste and texture. They also have simplified ingredients weakening the case they’re over processed and unhealthy.
Cost cutting – The company is taking drastic measures to reduce cost. From streamlining suppliers, headcount reduction, etc. This will help gross margins return to a healthier state.
Documentary film – A short film about plant based meats and Beyond Meat is expected to be released this summer. It’ll help address the misinformation and spark interest.
Valuation – The negative sentiment and news is already priced into the stock. It’s currently trading under 500m market cap. Downside risk is limited.
2024 price target – $20 (~1.3B market cap). If the company forecasts a positive quarter in 2025 then id expect the stock to continue higher $20.
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