$15 is quite possible for BYND ... betting for $19
I'm focusing on the positive side of
BYND
:
1) positive trials with QSRs, especially McDonald’s;
2) success of plant-based snacks/drinks with PepsiCo;
3) better-than-expected cost reduction, including improving manufacturing costs, which should reduce BYND’s cash burn rate going forward.
BYND
: 1) positive trials with QSRs, especially McDonald’s;
2) success of plant-based snacks/drinks with PepsiCo;
3) better-than-expected cost reduction, including improving manufacturing costs, which should reduce BYND’s cash burn rate going forward.
Trade closed: target reached:
BYND touched $19. It's time to wait for a pullback.
