Where Will Beyond Meat (BYND) Stock Be in 2027?
2026-03-02 11:06:05 ET
Beyond Meat (NASDAQ: BYND) , a producer of plant-based meat products, was once a hot growth stock. After going public at $25 per share in May 2019, its stock soared to a record high of $234.90 the following month. But today, its stock trades at less than $1. Let's see why this former hypergrowth stock became a penny stock -- and where it might end up by 2027.
Image source: Getty Images.
In 2019, Beyond Meat's revenue soared 239% as restaurants, retailers, and consumers eagerly tried out its plant-based meat products. Yet in 2020, its revenue rose only 37% as the pandemic drove restaurants to close and retailers to be more selective with their product offerings. Many cost-conscious consumers also shifted back toward cheaper animal-based meat products.
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