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9/19, 12:25 PM (Source: TeleTrader)
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Barclays sets Beyond Meat's price target at $185

Beyond Meat was rated "overweight" on Thursday by Barclays, which set its share price target at $185. The British investment bank also described the company as "well-positioned," with a "potential" to capture a large share of the alternative meat market.

Barclays analyst Benjamin Theurer said they estimated that Beyond Meat could reach a 4.5% market share of the global alternative meat industry, which itself could represent 10% of the global meat industry within a decade. He added the company could achieve a 15% EBITDA margin by 2029.

Shares of the company rose 1.16% at 4:22 am ET.

Breaking the News / TF