BMO Capital lowered the firm’s price target on Beyond Meat (BYND) to $5 from $6 and keeps a Market Perform rating on the shares. The company’s Q4 revenue slightly exceeded consensus, but lower-than- expected gross margins pressured EBITDA, and the management provided below-consensus 2025 sales guidance that implies flattish revenues, as well as gross margin outlook light of consensus, the analyst tells investors in a research note. BMO remains concerned about sales trajectory owing to category headwinds, also noting that the efforts to bolster balance sheet could weigh on shares near term.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BYND:
- Cautious Outlook: Beyond Meat’s Persistent Profitability Challenges and Unmet Expectations Lead to Sell Rating
- Beyond Meat price target lowered to $3 from $4 at Barclays
- Beyond Meat Reports Revenue Growth and Strategic Restructuring
- Beyond Meat down 6% at $3.36 after Q4 earnings miss, below-consensus guidance
- Beyond Meat Announces Workforce Reduction and China Exit