PepsiCo Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for PepsiCo stock have an average target of 186, with a low estimate of 170 and a high estimate of 200. The average target predicts an increase of 9.83% from the current stock price of 169.36.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$170	$186	$187	$200
Change	+0.38%	+9.83%	+10.42%	+18.09%

Analyst Ratings

The average analyst rating for PepsiCo stock from 13 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	5	5	3	3	3	5
Buy	2	3	3	3	3	3
Hold	7	6	6	6	7	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	12	12	13	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Lauren Lieberman Barclays	Barclays	Buy Maintains $179 → $187	Buy	Maintains	$179 → $187	+10.42%	Jul 19, 2024
Dara Mohsenian Morgan Stanley	Morgan Stanley	Buy Maintains $190 → $185	Buy	Maintains	$190 → $185	+9.23%	Jul 12, 2024
Lauren Lieberman Barclays	Barclays	Buy Maintains $180 → $179	Buy	Maintains	$180 → $179	+5.69%	Jul 12, 2024
Andrea Teixeira JP Morgan	JP Morgan	Hold Maintains $184 → $182	Hold	Maintains	$184 → $182	+7.46%	Jul 12, 2024
Nik Modi RBC Capital	RBC Capital	Hold Maintains $180 → $177	Hold	Maintains	$180 → $177	+4.51%	Jul 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

95.47B

from 91.47B

4.37%

from 91.47B

Revenue Next Year

99.93B

from 95.47B

4.67%

from 95.47B

EPS This Year

8.25

from 6.56

25.75%

from 6.56

EPS Next Year

8.92

from 8.25

8.15%

from 8.25

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	67.16B	70.37B	79.47B	86.39B	91.47B	95.47B	99.93B	104.26B	109.37B	115.19B
Revenue Growth	3.87%	4.78%	12.93%	8.70%	5.88%	4.37%	4.67%	4.33%	4.90%	5.32%
EPS	5.20	5.12	5.49	6.42	6.56	8.25	8.92	9.59	9.99	10.75
EPS Growth	-40.77%	-1.54%	7.23%	16.94%	2.18%	25.75%	8.15%	7.50%	4.16%	7.59%
Forward PE	-	-	-	-	-	20.53	18.98	17.66	16.95	15.76
No. Analysts	-	-	-	-	-	24	24	15	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	99.9B	105.1B	110.4B	114.9B	121.3B
Avg	95.5B	99.9B	104.3B	109.4B	115.2B
Low	91.5B	94.9B	98.7B	104.1B	109.5B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	9.2%	10.1%	10.4%	10.2%	10.9%
Avg	4.4%	4.7%	4.3%	4.9%	5.3%
Low	0.0%	-0.6%	-1.2%	-0.2%	0.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	8.66	9.45	10.18	10.40	11.27
Avg	8.25	8.92	9.59	9.99	10.75
Low	7.95	8.53	8.97	9.68	10.34

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	32.1%	14.6%	14.1%	8.4%	12.8%
Avg	25.7%	8.1%	7.5%	4.2%	7.6%
Low	21.2%	3.4%	0.5%	1.0%	3.5%

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.