A/X Growth 2019: Update 4 - March 19, 2020
The stocks I like going forward are Tesla, Roku, and Beyond Meat. These growth companies are leaders in the field and continue to innovate. Understanding Buy, Sell, and Hold Ratings... 1) Buy Recommendation: $82 11/6/2019 - Beyond Meat ( BYND ) is a plant-based manufacturer of meat products. They offer an alternative to traditional animal-based meats, while maintaining the look and taste. Beyond Meat is in a great position to capitalize on the shift from animal-based meat to plant-based meat products. There is growing trend to go healthy and to focus on the environment. They have set up partnerships with fast food chains and are in supermarkets. Recently, the stock came down and I see that as a buying opportunity. 1a) 3-17-2020 Beyond Meat: Outperform (Moderate Buy) Current Price: $62 Target Price 12M: $80 Reason: Valuation 1b) 3-18-2020 Beyond Meat: Underperform (Moderate Sell) Current Price: $60 Target Price 12M: $60 Reason: Market Conditions 1c) 3-19-2020 Beyond M