PM Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for PM stock have an average target of 103.78, with a low estimate of 86.5 and a high estimate of 117. The average target predicts an increase of 1.70% from the current stock price of 102.05.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$86.5	$103.78	$105	$117
Change	-15.24%	+1.70%	+2.89%	+14.65%

* Price targets were last updated on Apr 24, 2024.

Analyst Ratings

The average analyst rating for PM stock from 10 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	5	4	4	3	3	3
Buy	3	3	3	3	3	3
Hold	1	2	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	10	10	11	10	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Matthew Smith Stifel	Stifel	Strong Buy Maintains $108 → $115	Strong Buy	Maintains	$108 → $115	+12.69%	Apr 24, 2024
David Coleman Argus Research	Argus Research	Strong Buy → Hold Downgrades n/a	Strong Buy → Hold	Downgrades	n/a	n/a	Mar 5, 2024
Chas Manso Societe Generale	Societe Generale	Strong Sell → Hold Upgrades $88	Strong Sell → Hold	Upgrades	$88	-14.26%	Feb 13, 2024
Nik Oliver UBS	UBS	Strong Buy → Strong Sell Downgrades $105 → $87	Strong Buy → Strong Sell	Downgrades	$105 → $87	-15.24%	Jan 23, 2024
Jared Dinges JP Morgan	JP Morgan	Buy Maintains $110 → $115	Buy	Maintains	$110 → $115	+12.69%	Nov 29, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

38.06B

from 35.17B

8.21%

from 35.17B

Revenue Next Year

40.58B

from 38.06B

6.60%

from 38.06B

EPS This Year

6.50

from 5.02

29.42%

from 5.02

EPS Next Year

7.12

from 6.50

9.59%

from 6.50

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	29.81B	28.69B	31.41B	31.76B	35.17B	38.06B	40.58B	43.28B	44.81B	47.55B
Revenue Growth	0.61%	-3.73%	9.45%	1.14%	10.74%	8.21%	6.60%	6.66%	3.54%	6.13%
EPS	4.61	5.16	5.83	5.81	5.02	6.50	7.12	7.82	8.15	8.99
EPS Growth	-9.25%	11.93%	12.98%	-0.34%	-13.60%	29.42%	9.59%	9.79%	4.28%	10.34%
Forward PE	-	-	-	-	-	15.71	14.33	13.06	12.52	11.35
No. Analysts	-	-	-	-	-	21	21	15	5	5

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	39.2B	42.3B	45.7B	48.7B	53.5B
Avg	38.1B	40.6B	43.3B	44.8B	47.6B
Low	35.7B	36.6B	38.5B	39.8B	40.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	11.5%	11.1%	12.6%	12.5%	19.5%
Avg	8.2%	6.6%	6.7%	3.5%	6.1%
Low	1.5%	-3.7%	-5.1%	-8.0%	-9.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	6.72	7.43	8.31	9.17	10.34
Avg	6.50	7.12	7.82	8.15	8.99
Low	6.12	6.42	6.94	6.95	7.47

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	33.9%	14.4%	16.7%	17.4%	26.8%
Avg	29.4%	9.6%	9.8%	4.3%	10.3%
Low	22.0%	-1.2%	-2.5%	-11.1%	-8.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.