Edwin Dorsey is cautious on Hershey, which the firm sees facing “rapidly growing competition from one of the world’s youngest, most talented, and most influential entrepreneurs: 25-year-old YouTube star Jimmy Donaldson, AKA MrBeast.” The Bear Cave contends that his new chocolate brand, Feastables, “has waged an all-out war against Hershey in retail and on social media – and is winning,” adding that it believes “Feastables rapid growth will soon take a major bite out of Hershey’s profits.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HSY: