PepsiCo (PEP) Stock Forecast, Price Target & Predictions
PEP Stock Forecast
PepsiCo stock forecast is as follows: an average price target of $184.33 (represents a 4.22% upside from PEP’s last price of $176.87) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
PEP Price Target
The average price target for PepsiCo (PEP) is $184.33 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $212.00 to $160.00. This represents a potential 4.22% upside from PEP's last price of $176.87.
PEP Analyst Ratings
According to 17 Wall Street analysts, PepsiCo's rating consensus is 'Buy'. The analyst rating breakdown for PEP stock is 1 'Strong Buy' (5.88%), 11 'Buy' (64.71%), 5 'Hold' (29.41%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
PepsiCo Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 19, 2024 | Lauren Lieberman | Barclays | $187.00 | $170.37 | 9.76% | 5.73% |
| Jul 12, 2024 | Andrea Teixeira | J.P. Morgan | $182.00 | $166.38 | 9.39% | 2.90% |
| Jul 12, 2024 | Nik Modi | RBC Capital | $177.00 | $163.95 | 7.96% | 0.07% |
| Jun 25, 2024 | Bonnie Herzog | Goldman Sachs | $195.00 | $167.35 | 16.52% | 10.25% |
| Jun 24, 2024 | Steve Powers | Deutsche Bank | $180.00 | $168.10 | 7.08% | 1.77% |
| May 16, 2024 | Kaumil Gajrawala | Jefferies | $211.00 | $179.46 | 17.57% | 19.30% |
| Apr 25, 2024 | Lauren Lieberman | Barclays | $185.00 | $177.41 | 4.28% | 4.60% |
| Apr 22, 2024 | Gerald Pascarelli | Wedbush | $195.00 | $176.46 | 10.51% | 10.25% |
| Apr 12, 2024 | Lauren Lieberman | Barclays | $184.00 | $168.36 | 9.29% | 4.03% |
| Apr 05, 2024 | Kaumil Gajrawala | Jefferies | $209.00 | $169.65 | 23.19% | 18.17% |
The latest PepsiCo stock forecast, released on Jul 19, 2024 by Lauren Lieberman from Barclays, set a price target of $187.00, which represents a 9.76% increase from the stock price at the time of the forecast ($170.37), and a 5.73% increase from PEP last price ($176.87).
PepsiCo Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 17 |
| Avg Price Target | - | $184.20 | $187.35 |
| Last Closing Price | $176.87 | $176.87 | $176.87 |
| Upside/Downside | -100.00% | 4.14% | 5.93% |
In the current month, the average price target of PepsiCo stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to PepsiCo's last price of $176.87. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 12, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 12, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 12, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jul 08, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Jun 25, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jun 24, 2024 | Exane BNP Paribas | - | Neutral | Initialise |
| Jun 24, 2024 | Deutsche Bank | Hold | Hold | Hold |
| Jun 12, 2024 | Barclays | Overweight | Overweight | Hold |
| May 16, 2024 | Jefferies | Buy | Buy | Hold |
| Apr 22, 2024 | Morgan Stanley | Overweight | Buy | Upgrade |
PepsiCo's last stock rating was published by Barclays on Jul 12, 2024. The company gave PEP a "Overweight" rating, the same as its previous rate.
PepsiCo Financial Forecast
PepsiCo Revenue Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $23.45B | $22.32B | $17.85B | $28.00B | $21.97B | $20.23B | $16.20B | $25.25B | $20.19B | $19.22B | $14.82B | $22.45B | $18.09B |
| Avg Forecast | $33.70B | $27.85B | $26.02B | $21.05B | $31.65B | $26.16B | $24.68B | $19.94B | $30.33B | $25.06B | $23.55B | $19.07B | $29.24B | $24.06B | $22.59B | $18.08B | $28.24B | $21.73B | $17.24B | $26.83B | $19.51B | $15.54B | $24.24B | $17.96B | $14.55B | $21.80B | $15.37B | $13.19B | $20.25B | $16.43B |
| High Forecast | $34.13B | $28.20B | $26.35B | $21.32B | $32.05B | $26.49B | $25.00B | $20.20B | $30.71B | $25.38B | $23.86B | $19.32B | $29.61B | $24.30B | $22.88B | $18.31B | $28.46B | $22.01B | $17.46B | $27.17B | $19.76B | $15.74B | $24.24B | $18.08B | $14.64B | $21.94B | $15.47B | $13.28B | $20.38B | $16.54B |
| Low Forecast | $33.24B | $27.47B | $25.66B | $20.76B | $31.21B | $25.80B | $24.35B | $19.67B | $29.91B | $24.72B | $23.23B | $18.81B | $28.84B | $23.80B | $22.28B | $17.83B | $28.06B | $21.43B | $17.00B | $26.46B | $19.25B | $15.33B | $24.24B | $17.75B | $14.38B | $21.55B | $15.19B | $13.04B | $20.01B | $16.24B |
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 5 | 9 | 13 | 9 | 9 | 15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.29% | 0.67% | 1.43% | 1.41% | 0.83% | 0.90% | 1.74% | 0.93% | 1.25% | 1.12% | 1.11% | 1.10% |
PepsiCo's average Quarter revenue forecast for Dec 23 based on 8 analysts is $28.24B, with a low forecast of $28.06B, and a high forecast of $28.46B. PEP's average Quarter revenue forecast represents a 20.41% increase compared to the company's last Quarter revenue of $23.45B (Sep 23).
PepsiCo EBITDA Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 5 | 9 | 13 | 9 | 9 | 15 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.92B | $4.53B | $3.40B | $2.34B | $4.19B | $4.18B | $2.74B | $4.05B | $3.91B | $3.89B | $2.98B | $3.50B | $3.69B |
| Avg Forecast | $6.11B | $5.05B | $4.72B | $3.82B | $5.74B | $4.74B | $4.48B | $3.62B | $5.50B | $4.54B | $4.27B | $3.46B | $5.30B | $4.36B | $4.10B | $9.20B | $5.12B | $3.94B | $3.13B | $7.28B | $3.54B | $4.15B | $4.39B | $5.75B | $4.05B | $3.77B | $3.38B | $2.74B | $3.48B | $3.27B |
| High Forecast | $6.19B | $5.11B | $4.78B | $3.86B | $5.81B | $4.80B | $4.53B | $3.66B | $5.57B | $4.60B | $4.33B | $3.50B | $5.37B | $4.41B | $4.15B | $11.05B | $5.16B | $3.99B | $3.17B | $8.73B | $3.58B | $4.98B | $4.39B | $6.90B | $4.86B | $4.53B | $4.06B | $3.29B | $4.17B | $3.92B |
| Low Forecast | $6.03B | $4.98B | $4.65B | $3.76B | $5.66B | $4.68B | $4.41B | $3.57B | $5.42B | $4.48B | $4.21B | $3.41B | $5.23B | $4.31B | $4.04B | $7.36B | $5.09B | $3.89B | $3.08B | $5.82B | $3.49B | $3.32B | $4.39B | $4.60B | $3.24B | $3.02B | $2.71B | $2.19B | $2.78B | $2.62B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.25% | 1.45% | 0.47% | 0.66% | 1.01% | 0.95% | 0.48% | 1.00% | 1.04% | 1.15% | 1.09% | 1.01% | 1.13% |
8 analysts predict PEP's average Quarter EBITDA for Dec 23 to be $5.12B, with a high of $5.16B and a low of $5.09B. This is 3.99% upper than PepsiCo's previous annual EBITDA (Sep 23) of $4.92B.
PepsiCo Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 5 | 9 | 13 | 9 | 9 | 15 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.09B | $2.75B | $1.93B | $518.00M | $2.70B | $1.43B | $4.26B | $1.34B | $2.22B | $2.36B | $1.71B | $1.84B | $2.29B |
| Avg Forecast | $3.41B | $4.06B | $3.86B | $2.83B | $3.12B | $3.64B | $3.64B | $2.60B | $2.93B | $3.42B | $3.37B | $2.38B | $2.71B | $3.18B | $2.98B | $6.49B | $2.37B | $2.71B | $1.90B | $5.13B | $2.40B | $2.36B | $2.09B | $4.05B | $1.32B | $2.15B | $2.05B | $1.58B | $1.83B | $2.03B |
| High Forecast | $3.47B | $4.13B | $3.92B | $2.88B | $3.17B | $3.70B | $3.70B | $2.65B | $2.98B | $3.47B | $3.43B | $2.42B | $2.75B | $3.24B | $3.03B | $7.78B | $2.40B | $2.75B | $1.93B | $6.15B | $2.44B | $2.83B | $2.09B | $4.86B | $1.59B | $2.58B | $2.46B | $1.89B | $2.20B | $2.44B |
| Low Forecast | $3.35B | $3.99B | $3.79B | $2.78B | $3.06B | $3.58B | $3.57B | $2.56B | $2.88B | $3.36B | $3.31B | $2.34B | $2.66B | $3.13B | $2.93B | $5.19B | $2.36B | $2.66B | $1.87B | $4.10B | $2.35B | $1.89B | $2.09B | $3.24B | $1.06B | $1.72B | $1.64B | $1.26B | $1.47B | $1.62B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.45% | 0.38% | 0.22% | 1.14% | 0.68% | 1.05% | 1.01% | 1.04% | 1.15% | 1.09% | 1.01% | 1.13% |
PepsiCo's average Quarter net income forecast for Dec 23 is $2.37B, with a range of $2.36B to $2.40B. PEP's average Quarter net income forecast represents a -23.29% decrease compared to the company's last Quarter net income of $3.09B (Sep 23).
PepsiCo SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 5 | 9 | 13 | 9 | 9 | 15 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $8.76B | $8.54B | $7.23B | $12.20B | $8.29B | $7.39B | $6.82B | $10.56B | $7.64B | $7.21B | $5.84B | $9.20B | $6.92B |
| Avg Forecast | $13.17B | $10.88B | $10.17B | $8.23B | $12.37B | $10.22B | $9.65B | $7.79B | $11.85B | $9.80B | $9.21B | $7.46B | $11.43B | $9.40B | $8.83B | $10.38B | $11.04B | $8.49B | $6.74B | $8.21B | $7.63B | $8.11B | $9.47B | $6.49B | $10.56B | $7.37B | $6.26B | $5.37B | $9.14B | $6.13B |
| High Forecast | $13.34B | $11.02B | $10.30B | $8.33B | $12.53B | $10.35B | $9.77B | $7.89B | $12.00B | $9.92B | $9.32B | $7.55B | $11.57B | $9.50B | $8.94B | $12.46B | $11.12B | $8.60B | $6.82B | $9.85B | $7.72B | $9.73B | $9.47B | $7.79B | $12.67B | $8.85B | $7.51B | $6.44B | $10.97B | $7.36B |
| Low Forecast | $12.99B | $10.74B | $10.03B | $8.11B | $12.20B | $10.08B | $9.52B | $7.69B | $11.69B | $9.66B | $9.08B | $7.35B | $11.27B | $9.30B | $8.71B | $8.31B | $10.97B | $8.38B | $6.65B | $6.57B | $7.52B | $6.49B | $9.47B | $5.19B | $8.44B | $5.90B | $5.01B | $4.29B | $7.31B | $4.91B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.27% | 0.88% | 1.60% | 1.02% | 0.78% | 1.05% | 1.00% | 1.04% | 1.15% | 1.09% | 1.01% | 1.13% |
PepsiCo's average Quarter SG&A projection for Dec 23 is $11.04B, based on 8 Wall Street analysts, with a range of $10.97B to $11.12B. The forecast indicates a 26.05% rise compared to PEP last annual SG&A of $8.76B (Sep 23).
PepsiCo EPS Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 5 | 9 | 13 | 9 | 9 | 15 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.25 | $1.99 | $1.40 | $0.38 | $1.96 | $1.03 | $3.08 | $0.97 | $1.61 | $1.71 | $1.24 | $1.34 | $1.66 |
| Avg Forecast | $2.47 | $2.94 | $2.80 | $2.05 | $2.26 | $2.64 | $2.64 | $1.89 | $2.12 | $2.48 | $2.44 | $1.72 | $1.96 | $2.31 | $2.16 | $1.52 | $1.72 | $1.96 | $1.38 | $1.65 | $1.74 | $1.23 | $1.52 | $1.53 | $1.12 | $1.46 | $1.25 | $1.03 | $1.44 | $1.50 |
| High Forecast | $2.51 | $2.99 | $2.84 | $2.09 | $2.30 | $2.69 | $2.68 | $1.92 | $2.16 | $2.52 | $2.48 | $1.75 | $1.99 | $2.35 | $2.20 | $1.54 | $1.74 | $2.00 | $1.40 | $1.68 | $1.77 | $1.25 | $1.52 | $1.54 | $1.13 | $1.47 | $1.26 | $1.04 | $1.45 | $1.51 |
| Low Forecast | $2.43 | $2.89 | $2.75 | $2.01 | $2.22 | $2.59 | $2.59 | $1.85 | $2.09 | $2.43 | $2.40 | $1.69 | $1.93 | $2.27 | $2.12 | $1.49 | $1.71 | $1.93 | $1.35 | $1.62 | $1.71 | $1.21 | $1.52 | $1.51 | $1.10 | $1.43 | $1.23 | $1.01 | $1.41 | $1.48 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.15% | 1.44% | 0.85% | 0.22% | 1.59% | 0.68% | 2.01% | 0.87% | 1.11% | 1.37% | 1.20% | 0.93% | 1.11% |
According to 8 Wall Street analysts, PepsiCo's projected average Quarter EPS for Dec 23 is $1.72, with a low estimate of $1.71 and a high estimate of $1.74. This represents a -23.56% decrease compared to PEP previous annual EPS of $2.25 (Sep 23).
PepsiCo Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CELH | Celsius | $34.80 | $67.40 | 93.68% | Buy |
| KOF | Coca-Cola FEMSA | $91.00 | $130.93 | 43.88% | Buy |
| COCO | Vita Coco Company | $27.74 | $30.00 | 8.15% | Buy |
| PEP | PepsiCo | $176.87 | $184.33 | 4.22% | Buy |
| KDP | Keurig Dr Pepper | $37.50 | $38.40 | 2.40% | Buy |
| KO | Coca-Cola Company | $71.80 | $73.14 | 1.87% | Buy |
| PRMW | Primo Water | $24.85 | $22.33 | -10.14% | Buy |
| CCEP | Coca-Cola Europacific Partners | $81.03 | $70.70 | -12.75% | Buy |
| MNST | Monster Beverage | $51.07 | $41.68 | -18.39% | Buy |
PEP Forecast FAQ
Is PepsiCo a good buy?
Yes, according to 17 Wall Street analysts, PepsiCo (PEP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 70.59% of PEP's total ratings.
What is PEP's price target?
PepsiCo (PEP) average price target is $184.33 with a range of $160 to $212, implying a 4.22% from its last price of $176.87. The data is based on 17 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will PepsiCo stock go up soon?
According to Wall Street analysts' prediction for PEP stock, the company can go up by 4.22% (from the last price of $176.87 to the average price target of $184.33), up by 19.86% based on the highest stock price target, and down by -9.54% based on the lowest stock price target.
Can PepsiCo stock reach $300?
PEP's average twelve months analyst stock price target of $184.33 does not support the claim that PepsiCo can reach $300 in the near future.
What are PepsiCo's analysts' financial forecasts?
PepsiCo's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $102.43B (high $103.74B, low $101.03B), average EBITDA is $18.57B (high $18.81B, low $18.32B), average net income is $13B (high $13.22B, low $12.77B), average SG&A $40.03B (high $40.55B, low $39.49B), and average EPS is $9.43 (high $9.58, low $9.26). PEP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $108.61B (high $109.99B, low $107.12B), average EBITDA is $19.69B (high $19.94B, low $19.42B), average net income is $14.15B (high $14.39B, low $13.9B), average SG&A $42.45B (high $42.99B, low $41.87B), and average EPS is $10.26 (high $10.43, low $10.08).
Did the PEP's actual financial results beat the analysts' financial forecasts?
Based on PepsiCo's last annual report (Dec 2022), the company's revenue was $86.39B, beating the average analysts forecast of $77.25B by 11.84%. Apple's EBITDA was $14.77B, missing the average prediction of $17.83B by -17.19%. The company's net income was $8.91B, missing the average estimation of $10.9B by -18.28%. Apple's SG&A was $34.46B, beating the average forecast of $31.7B by 8.71%. Lastly, the company's EPS was $6.45, beating the average prediction of $6.02 by 7.17%. In terms of the last quarterly report (Sep 2023), PepsiCo's revenue was $23.45B, beating the average analysts' forecast of $21.73B by 7.94%. The company's EBITDA was $4.92B, beating the average prediction of $3.94B by 24.98%. PepsiCo's net income was $3.09B, beating the average estimation of $2.71B by 14.24%. The company's SG&A was $8.76B, beating the average forecast of $8.49B by 3.11%. Lastly, the company's EPS was $2.25, beating the average prediction of $1.96 by 14.63%