Beyond Meat (NASDAQ: BYND) is Rising

During its first day of trading, shares opened at $46, far better than the stock’s $25 offering price. Since then they have traded as high as $96.78, although they dipped to the high $70s at the end of last week.

According to a recent report, Barclays believes that alternative meats can one day grow to claim 10% of the global protein market.

It has been nearly a month since Beyond Meat’s IPO, which means that analysts at the company’s Wall Street underwriters can initiate coverage. Analysts at Goldman Sachs , Jefferies, Bank of America Merrill Lynch, and Credit Suisse all came out neutral on the stock.

Beyond Meat stock gained another 8% on Tuesday, to close at $86 per share on a day the S&P 500 lost 0.8%.

Read the full article at Barron's.

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