Is Beyond Meat (BYND) a Better Portfolio Stock For Aggressive Investors?

Plant-based meat companies have gained prominence in recent times due to the rise in environmentally conscious consumers and Beyond Meat Inc (NASDAQ: BYND) is one of the companies that has garnered considerable attention.

After its bumper IPO in 2019, the stock had traded flat for long periods but experts believe that 2021 could well be the year in which the Beyond Meat stock gets some traction again. While its stock may have performed poorly since its blockbuster IPO, the company has continued to grow its business.

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More importantly, despite the fall in the price of plant-based meat products and the rise in competition in the industry, Beyond Meat has managed to squeeze out some profits nonetheless. On the other hand, there is the expectation that the company might also get a boost from rising sales through retail channels and through the foodservice industry. At this point, investors could do well to keep the stock on their watch lists for the year.

Uson Abdilazhanov

Editor and Computer Expert A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.