Barrons.com
Beyond Meat Stock Is Tumbling. The Earnings Were That Bad.
The company did maintain its 2022 revenue target of a range between $560 million and $620 million, but that didn’t seem to be enough for investors, as the stock fell sharply even as its CEO focused on Beyond Meat’s long-term goals. Perhaps, but investors seem to be more worried about the short term. “While we appreciate management’s long-term view, investors are going to be increasingly questioning BYND’s path to profitability, which isn’t good for the shares in a rising interest rate environment,” writes CFRA analyst Arun Sundaram, who also says that Beyond Meat’s spending raises “the likelihood of a capital raise by the end of this year.”
