Beyond Meat is an Underweight at Piper Sandler
<p>Piper Sandler analysts lowered <a href='https://financialmodelingprep.com/financial-summary/BYND'>Beyond Meat (NASDAQ:BYND)</a> price target from $6.00 to $3.00 while maintaining an Underweight rating. The analysts' bearish outlook is based on ongoing pressure on EBITDA margins and a lack of significant sales growth.</p>
<p>Recent data shows a 19% revenue decline in the past eight weeks. This, coupled with volume and price decreases since January 2022, raises concerns about distribution and shelf space. Piper Sandler expects further near-term downside and has adjusted 2023 estimated sales from $375 million to $370 million and 2024 sales from $400 million to $375 million.</p>

NASDAQ:BYND