Investors are also betting on the longer-term prospect that lab-grown meat can capture the hearts and dollars of carnivores worried about the ethics and environmental sustainability of killing animals. Photo: Other players in the market include Nestlé, the world’s largest food company, and Tyson Foods, the world’s second-largest processor and marketer of chicken, beef and pork. The privately held company has reportedly raised more than $US500 million, and is valued at $US2 billion.Īn Impossible Burger from an Umami Burger franchise in San Francisco, California. There’s Impossible Foods, for example, whose burger “bleeds” beetroot juice and is the meat (substitute) in Burger King’s Impossible Whopper. It’s such projections that have fuelled investors’ appetite for companies working on ways to make plant-based protein look and taste like meat. One prediction, by the well-known Barclays, is that the market could be worth $US140 billion, or 10 per cent of the $US1.4 trillion meat market, in the next 10 years. Predictions about the market potential for plant-based or lab-made meat vary.Ī lot of it appears to be only slightly better than sheer guesswork. How realistic is this? The data suggests not very – that meat alternatives might play a positive role but in no way are going to save the planet. The appeal is summed up by Beyond Meat’s mission statement: “By shifting from animal to plant-based meat, we are creating one savoury solution that solves four growing issues attributed to livestock production: Human health, climate change, constraints on natural resources and animal welfare.” Interest is booming in plant-based meat substitutes and lab-grown meat alternatives. Investors’ enthusiasm reflects high hopes in the future fortunes of a company promising to put the sizzle into a meat substitute. Long term indicators are suggesting an average of 100% Sell for it.Since it listed on NASDAQ in May, its shares have surged more 700 per cent. In contrast, when we review BYND stock’s current outlook then short term indicators are assigning it an average of 50% Sell, while medium term indicators are categorizing the stock at an average of 50% Sell. In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $388.96 million in 2023, which will be -7.20% less from revenue generated by the company last year. The average estimate is representing a decrease of -24.50% in sales growth from that of posted by the company in the same quarter of last year. They suggested that in the process company could generate revenue of as low as $104 million which could climb up to $131.38 million to hit a high. These estimates are suggesting current year growth of 44.00% for EPS and 22.40% growth next year.Īnalysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $111.07 million. with estimates of that growing to -$2.5 in next year. Analysts are in estimates of -$0.85 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$3. With its current market valuation of $842.64 million. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023". Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. The electric vehicle boom is accelerating – and fast.
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