Since going public in May 2019, Beyond Meat (BYND) stock has been prone to both rise and sink violently, as the bulls and bears fight it out to take hold of the narrative. Lately, the bulls are once again in the driving seat. On Tuesday, Beyond Meat announced a partnership with Pepsi. The two apparent opposites will collaborate on a joint venture to develop a line of plant-based snacks and beverages and have called the co-effort the PLANeT Partnership. The advantages work both ways. Apart from the additional product line, Beyond Meat will make use of Pepsi’s massive distribution network and marketing clout.
https://www.tipranks.com/news/article/beyond-meats-valuation-deserves-a-haircut-says-analyst