'Time to beef up' — Bernstein upgrades Beyond Meat to outperform, sees 30% upside

Adam Berry | Getty Images

It's finally "time to beef up" on Beyond Meat following the stock's dramatic descent since late July as a more compelling price point and strong sales expectations make for a more enticing investment case, according to Bernstein.

Bernstein explained that its upgrade of Beyond Meat to outperform from market perform is in large part thanks to expectations of a 50% probability that McDonald's partners with the plant-based burger company in the U.S.

More In Pro News and Analysis

CNBC ProCathie Wood says 'benchmark stocks' are in a bubble, not her names
CNBC ProCathie Wood says these 3 health stocks will be the backbone of $1 trillion opportunity
CNBC ProARK's Wood explains why she bought a ton of Twitter on the dip just now