Beyond Meat Surges 36% as Forecast Fuels Rally for IPO Darling
- Stock gain shows investors’ fascination with unknown markets
- Still, some analysts suggest caution given its lofty valuation
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All it took was a rosy sales outlook to send Beyond Meat Inc. soaring -- again.
The faux meat-maker’s shares, which had already quadrupled since its initial public offering last month, jumped as much as 36% to $135.80 on Friday following the company’s first quarterly report. It was the latest big move in a rally that has shown Wall Street’s appetite for vegan burgers.