Traders still betting on risky Beyond Meat trade in hopes of a McDonald's deal $BYND $MCD (via TradingNation)
of the stock with an "overweight rating," predicting about 19% upside. But much of the surge could be chalked up to hype, warns Mark Tepper, president and CEO of Strategic Wealth Partners.
Those "holes" make Beyond Meat's sky-high valuation — roughly 36 times sales, by Tepper's calculation — "absolutely ridiculous," the investment pro said.
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