PepsiCo, Inc. (PEP)
NASDAQ: PEP · IEX Real-Time Price · USD
173.82
+2.60 (1.52%)
Apr 24, 2024, 11:12 AM EDT - Market open
PepsiCo Stock Forecast
Stock Price Forecast
The 11 analysts with 12-month price forecasts for PepsiCo stock have an average target of 188.73, with a low estimate of 170 and a high estimate of 209. The average target predicts an increase of 8.58% from the current stock price of 173.82.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for PepsiCo stock from 12 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 3 |
| Buy | 3 | 2 | 2 | 2 | 3 | 3 |
| Hold | 7 | 8 | 8 | 7 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 14 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Reiterates $195 | Buy | Reiterates | $195 | +12.19% | Apr 23, 2024 |
| Barclays | Barclays | Buy Maintains $183 → $184 | Buy | Maintains | $183 → $184 | +5.86% | Apr 12, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $199 → $209 | Strong Buy | Maintains | $199 → $209 | +20.24% | Apr 5, 2024 |
| Argus Research | Argus Research | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Apr 3, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $190 | Hold → Buy | Upgrades | $190 | +9.31% | Mar 18, 2024 |
Financial Forecast
Revenue This Year
95.72B
from 91.47B
Increased by 4.64%
Revenue Next Year
100.24B
from 95.72B
Increased by 4.72%
EPS This Year
8.23
from 6.56
Increased by 25.53%
EPS Next Year
8.90
from 8.23
Increased by 8.13%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 100.8B | 105.6B | 110.9B | 118.7B | 125.5B |
| Avg | 95.7B | 100.2B | 104.9B | 112.5B | 119.7B |
| Low | 92.0B | 95.8B | 99.6B | 106.0B | 115.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.2% | 10.3% | 10.6% | 13.2% | 11.6% |
| Avg | 4.6% | 4.7% | 4.6% | 7.3% | 6.4% |
| Low | 0.6% | 0.1% | -0.6% | 1.0% | 2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.61 | 9.45 | 10.11 | 10.69 | 11.57 |
| Avg | 8.23 | 8.90 | 9.53 | 10.15 | 11.06 |
| Low | 7.96 | 8.45 | 8.96 | 9.69 | 10.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.3% | 14.8% | 13.5% | 12.1% | 14.0% |
| Avg | 25.5% | 8.1% | 7.1% | 6.5% | 9.0% |
| Low | 21.3% | 2.6% | 0.7% | 1.6% | 5.1% |
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.