Beyond Meat Inc (BYND)

Beyond Meat Inc Stock (BYND) dropped by 8.72% from $8.14 to $7.43 in the trading on Thursday October 19, 2023. The reason why BYND stock down today is due to the downgrade from analyst. Mizuho analyst John Baumgartner downgraded the stock from Neutral to Underperform and announced a $5 price target. The analyst highlighted several factors in his decision, including a lack of product innovation as well as the need for new capital due to continued cash burn and tightening liquidity. He also cited a lack of increased consumption for the company's products, possibly explained by recent macroeconomic conditions.

Shares of Beyond Meat Inc (BYND) dropped by 5.88% from $8.84 to $8.32 in the trading on Thursday, October 12, 2023. The reason why BYND stock down is due to a downgrade rating. Mizuho's John Baumgartner downgraded the previous rating for BYND stock from Neutral to Underperform and cut its price target to $5 from $12.