Beyond Meat was issued a "buy" rating from an analyst at Barclays, who initiated coverage Thursday.
It marks the second bullish rating for Beyond Meat, along with JPMorgan. A total of 11 firms cover the stock.
Shares rose as much as 2% on the news. The company's stock has surged more than 500% since going public in May.
Barclays said Beyond Meat could gain a considerable part of the global meat industry in a decade, and that the sky is the limit for the company.
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