Recently plenty of businesses have publicized their IPOs for public trading. While some of these companies stocks have excelled, others have failed drastically. Uber and Lyft surprised experts and stock market watchers as they declined in value and continue to. While those two stocks are being labeled a sell Beyond Meat has been doing amazing!
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Plant-Based Meat Company Trumps Technology based IPOs
Experts were eager to see how Uber and Lyft would do as technology sectors are soaring! Although the technology sectors are doing great, Uber and Lyft so far have lost value on their stocks.
Surprisingly, the plant-based meat company surpassed both technology-based stocks. Beyond Meat is a new relatively new company founded in 2009 and has exceeded everyone’s opinions.
Meat Substitutes Estimated To Do Well Within The Stock Market
As stated by experts and analysts, meat substitutes, more specifically plant-based meats will probably rise in popularity within the stock market. Revenue is currently estimated to keep on increasing as the popularity of plant-based meat rises.
JP Morgan Chase analyst, Ken Goldman wrote, “Beyond Meat is a true disrupter and innovator.”
He continues later on to write his prediction, “We think plant-based can exceed $100 billion in sales in 15 years, with Beyond taking 5%.”
Why Did Uber And Lyft Do So Badly?
Uber and Lyft surprised analysts and frustrated investors as both stocks failed. In the beginning, Uber and Lyfts IPOs attracted the attention of buyers and yet by the next week they were drowning in red charts.
Uber and Lyft both failed because of a surplus of technology stocks that gave both companies too much competition. Revenue was another huge issue that both stocks ran into. Uber did not do as well as investors hoped in their quarterly. They have also made recent headlines for labeling drivers as contractors and not employees which may have affected their stock value.
