President Trump lambastes Twitter, Google and other technology giants for what he claims as their efforts to repress his messaging.US Economyread more
JP Morgan's Jamie Dimon says student lending "is a disgrace and its hurting America," he told Yahoo Finance Tuesday.Economyread more
Mnuchin tells CNBC he's confident President Trump and China's Xi Jinping can make progress in stalled trade talks.World Economyread more
The first debates will give most of the contenders their biggest platform yet to present themselves to the American people.Politicsread more
President Trump says "I hope we don't" have a war with Iran but it "would not last very long."Politicsread more
The stock market is shrinking for several key reasons, but there's a way for investors to maneuver it, says Citi Research strategist Robert Buckland.Trading Nationread more
Stocks rose on Wednesday as comments from Treasury Secretary Steven Mnuchin lifted expectations of a potential trade deal between China and the U.S.Marketsread more
Presidents Donald Trump and Xi Jinping are scheduled to meet Saturday, the second day of the two-day G-20 summit in Osaka, Japan.Politicsread more
A small group of companies have gotten so big that they are essentially becoming the market, and when they do well, the markets do well.Trader Talk with Bob Pisaniread more
Retailers can't let Amazon have all the sales on Prime Day. Target and eBay are two companies trying to compete.Retailread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Shares of Beyond Meat surged more than 36% Friday after analysts raised their price targets following the company's first quarterly report since going public.
The company's stock, which has a market value of $7.8 billion, is up more than 400% since it went public at the beginning of May. On Friday, its shares touched $136.81, an all-time high.
Credit Suisse analyst Robert Moskow's new price target of $125, up from a previous target of $70 per share, is the closest to the current stock price. Beyond priced its initial public offering at $25 per share.
The company said Thursday that it expects annual revenue to exceed $210 million, more than doubling last year's net sales, but Moskow's estimates put 2019 sales at $224 million.
"Inbound interest from restaurant chains has increased following the tremendously positive publicity during the Beyond Meat IPO," he wrote in a note.
Executives told analysts on a conference call Thursday that they only include post-trial distribution to restaurants in the company's forecasts.
J.P. Morgan analyst Ken Goldman estimates that Tim Hortons, which is currently testing a breakfast sandwich made with the Beyond Breakfast Sausage, could add nearly $23 million in revenue this year. Goldman raised his price target to $120 from $97.
"Importantly, when discussing guidance, CEO Ethan Brown said, 'We're being very conservative' and let investors know that no foodservice customers are included in guidance until they are past the testing stage," Goldman wrote.
Goldman Sachs analyst Adam Samuelson raised his price target to $76 from $67, and Jefferies analyst Kevin Grundy raised his price target to $105 per share from $85.
Beyond Meat reported first-quarter revenue of $40.2 million, up 215% from a year ago, and a net loss of 14 cents per share on a pro forma basis.