PM Stock Forecast

Stock Price Forecast

According to 15 analysts polled by S&P Global, PM stock has a consensus rating of "Buy" and an average price target of $193.86. The average 1-year stock price forecast is 8.43% higher than the current stock price, while the lowest is $168 (-6.03%) and the highest is $210 (+17.46%).

Price Target: $193.86 (+8.43%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$168	$193.86	$200	$210
Change	-6.03%	+8.43%	+11.87%	+17.46%

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

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dara Mohsenian Morgan Stanley	Morgan Stanley	Buy Reiterates $190 → $200	Buy	Reiterates	$190 → $200	+11.87%	Jun 22, 2026
Pallav Mittal Barclays	Barclays	Buy Reiterates $205	Buy	Reiterates	$205	+14.67%	Jun 9, 2026
Lisa Lewandowski Bank of America Securities	Bank of America Securities	Buy Reiterates $209	Buy	Reiterates	$209	+16.90%	Jun 3, 2026
Bonnie Herzog Goldman Sachs	Goldman Sachs	Buy Reiterates $205	Buy	Reiterates	$205	+14.67%	May 21, 2026
Callum Elliott Bernstein	Bernstein	Hold Maintains n/a	Hold	Maintains	n/a	n/a	May 12, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

43.47B

from 40.65B

6.94%

from 40.65B

Revenue Next Year

46.20B

from 43.47B

6.28%

from 43.47B

EPS This Year

8.42

from 7.54

11.65%

from 7.54

EPS Next Year

9.13

from 8.42

8.44%

from 8.42

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	43.47B
Revenue Growth	9.45%	1.14%	10.74%	7.69%	7.31%	6.94%
Gross Profit	21.38B	20.66B	22.28B	24.55B	27.28B	29.57B
Gross Margin	68.06%	65.04%	63.35%	64.81%	67.12%	68.03%
Operating Income	13.08B	12.81B	13.23B	13.22B	16.73B	17.72B
Net Income	9.11B	9.05B	7.81B	7.06B	11.35B	12.34B
EPS	-	-	-	-	7.54	8.42
EPS Growth	-	-	-	-	14.76%	11.65%
Forward PE	15.45	18.02	14.85	17.12	19.76	21.24
Dividend / Share	4.90	5.04	5.14	5.30	5.64	6.01
Dividend Growth	-	2.86%	1.98%	3.11%	6.42%	6.62%
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

Revenue	2026	2027	2028
High	43.9B
Avg	43.5B
Low	43.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	8.1%
Avg	6.9%
Low	6.0%

EPS Forecast

EPS	2026	2027	2028
High	8.45
Avg	8.42
Low	8.37

EPS Growth

EPS Growth	2026	2027	2028
High	12.1%
Avg	11.7%
Low	11.1%