PM Stock Forecast

Stock Price Forecast

According to 16 analysts polled by S&P Global, PM stock has a consensus rating of "Buy" and an average price target of $203.8. The average 1-year stock price forecast is 6.80% higher than the current stock price, while the lowest is $175 (-8.29%) and the highest is $225 (+17.91%).

Price Target: $203.8 (+6.80%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$175	$203.8	$210	$225
Change	-8.29%	+6.80%	+10.05%	+17.91%

Analyst Ratings

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

Recommendation Trends

Chart

Rating	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	8	8	7	7	7	8
Buy	5	5	4	4	4	4
Hold	4	5	5	4	4	4
Sell	1	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	18	18	16	15	15	16

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Simon Hales Citi	Citi	Buy Maintains $210 → $225	Buy	Maintains	$210 → $225	+17.91%	Jul 30, 2026
Pallav Mittal Barclays	Barclays	Buy Reiterates $205 → $225	Buy	Reiterates	$205 → $225	+17.91%	Jul 29, 2026
Matthew Smith, CFA Stifel Nicolaus	Stifel Nicolaus	Buy Maintains $205	Buy	Maintains	$205	+7.43%	Jul 29, 2026
Bonnie Herzog Goldman Sachs	Goldman Sachs	Buy Reiterates $205 → $220	Buy	Reiterates	$205 → $220	+15.29%	Jul 23, 2026
Gerald Pascarelli Needham	Needham	Buy Reiterates $200 → $215	Buy	Reiterates	$200 → $215	+12.67%	Jul 23, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

43.45B

from 40.65B

6.90%

from 40.65B

Revenue Next Year

45.98B

from 43.45B

5.80%

from 43.45B

EPS This Year

8.38

from 7.54

11.15%

from 7.54

EPS Next Year

9.17

from 8.38

9.40%

from 8.38

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	31.41B	31.76B	35.17B	37.88B	40.65B	43.45B
Revenue Growth	9.45%	1.14%	10.74%	7.69%	7.31%	6.90%
Gross Profit	21.38B	20.66B	22.28B	24.55B	27.28B	29.59B
Gross Margin	68.06%	65.04%	63.35%	64.81%	67.12%	68.09%
Operating Income	13.08B	12.81B	13.23B	13.22B	16.73B	17.86B
Net Income	9.11B	9.05B	7.81B	7.06B	11.35B	11.59B
EPS	-	-	-	-	7.54	8.38
EPS Growth	-	-	-	-	14.76%	11.15%
Forward PE	15.45	18.02	14.85	17.12	19.76	22.77
Dividend / Share	4.90	5.04	5.14	5.30	5.64	5.99
Dividend Growth	-	2.86%	1.98%	3.11%	6.42%	6.20%
Free Cash Flow	9.15B	7.36B	7.88B	8.18B	8.94B	13.13B
No. Analysts	-	-	-	-	-	13

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	43.8B
Avg	43.5B
Low	43.1B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	7.7%
Avg	6.9%
Low	6.1%

EPS Forecast

Chart

EPS	2026	2027	2028
High	8.59
Avg	8.38
Low	8.29

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	13.9%
Avg	11.2%
Low	9.9%