Edit/Futu Information Udon
Futu News reported on August 20 that Beyond Meat continued to decline after hitting a new listing high on July 26. It rebounded in pre-market trading today. As of press release, it rose 6.08% to 153.3 US dollars.
Source of pre-market quotes: Futu Securities
According to relevant media reports, American meat company Beyond Meat has reached a partnership with HelloFresh, the largest food preparation company in the US. HelloFresh will start supplying vegan burgers provided by Beyond Meat in its packages on September 14. Beyond Meat has also reached a partnership with HelloFresh's competitor Blue Apron.
In addition, Beyond Meat also reached a partnership with Subway, the largest restaurant chain in the US, in August of this year. Euromonitor estimates that the market size of meat substitutes is expected to reach 2.5 billion US dollars by 2023.
J.P. Morgan also raised the Beyond Meat rating from neutral to “increase” in its latest report. The target price is 189 US dollars, and there is still room for an increase of 30.7% from yesterday's closing price.