The retail trader driving Beyond Meat's meme rally told us his new price target for the stock — and cautioned against chasing gains

Core Viewpoint - Beyond Meat has experienced a significant stock surge driven by retail traders, reminiscent of the GameStop phenomenon, with shares rising from a low to nearly $7 in a short period [1][2]. Company Analysis - The stock's recent performance is attributed to a combination of a short squeeze and retail trading frenzy rather than fundamental valuation [2][3]. - Semenikhin believes that the stock could stabilize in a trading range of $6-8 based on fundamentals, but current trading dynamics are not reflecting this [2]. Market Sentiment - The rally in Beyond Meat's stock has shown signs of exhaustion, with a peak increase of nearly 80% during the session, which later adjusted to a 4% gain by midday [3]. - High strike price call options are being traded, indicating that some traders still anticipate further short-squeeze potential despite recent gains [4]. Financial Position - A recent debt-for-equity swap with bondholders has been misinterpreted as a negative development, but it is viewed as a positive move that strengthens Beyond Meat's financial position and sets the stage for potential stock price increases [4]. Community Impact - The rally has highlighted the power of the retail trading community, showcasing how collective action can significantly influence stock prices in a short timeframe [5].