In May, Freedom Finance analyst recommendations on Zoom Video and Beyond Meat were number one on two ratings: Bloomberg Absolute Return Rank and Portfolio BARR Ranking. Our analysts' predictions were better than those of Goldman Sachs, Wells Fargo, JPMorgan, and other renowned investment banks.
Freedom Finance analysts started researching the business information of both companies before their IPO's, namely, since April 2019. Thus, Freedom Finance was one of the first to give a recommendation before the first trading day. Our target price for Beyond Meat was $28.40 per share, while we expected Zoom Video to reach $44.50. After the lockup, Zoom Video gained over 168%, while Beyond Meat hit a record by going up by 576%!
Bloomberg Absolute Return Rank is a rating based on specific stock yields, as well as on those of all instruments covered. BARR Ranking portfolio is build upon the relative yield levels of the total number of stocks covered by the analysts over the last year.