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PepsiCo (PEP) Stock Forecast, Price Target & Predictions

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PEP Stock Forecast

PepsiCo stock forecast is as follows: an average price target of $184.00 (represents a 14.76% upside from PEP’s last price of $160.34) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.

PEP Price Target

The average price target for PepsiCo (PEP) is $184.00 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $212.00 to $160.00. This represents a potential 14.76% upside from PEP's last price of $160.34.

PEP Analyst Ratings

Buy

According to 18 Wall Street analysts, PepsiCo's rating consensus is 'Buy'. The analyst rating breakdown for PEP stock is 1 'Strong Buy' (5.56%), 9 'Buy' (50.00%), 7 'Hold' (38.89%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).

PepsiCo Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 08, 2024Lauren LiebermanBarclays--11.24%16.00%
Sep 27, 2024Filippo FalorniCitigroup--14.92%21.62%
Sep 24, 2024Bonnie HerzogGoldman Sachs--11.56%19.75%
Sep 20, 2024Danilo GargiuloBernstein--4.99%12.26%
Sep 20, 2024Dara MohsenianMorgan Stanley--5.92%15.38%
Sep 19, 2024Kevin GrundyBNP Paribas---1.52%7.27%
Jul 19, 2024Lauren LiebermanBarclays--9.76%16.63%
Jul 12, 2024Andrea TeixeiraJ.P. Morgan--9.39%13.51%
Jul 12, 2024Nik ModiRBC Capital--7.96%10.39%
Jun 25, 2024Bonnie HerzogGoldman Sachs--16.52%21.62%
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The latest PepsiCo stock forecast, released on Oct 08, 2024 by Lauren Lieberman from Barclays, set a price target of $186.00, which represents a 11.24% increase from the stock price at the time of the forecast ($167.21), and a 16.00% increase from PEP last price ($160.34).

PepsiCo Price Target by Period

1M3M12M
# Anlaysts-618
Avg Price Target-$185.00$188.00
Last Closing Price$160.34$160.34$160.34
Upside/Downside-100.00%15.38%17.25%

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 $160.34. 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

DateCompanyPrevious RatingNew RatingRating Change
Oct 10, 2024Cowen & Co.BuyHoldDowngrade
Oct 08, 2024Cowen & Co.BuyBuyHold
Oct 08, 2024BarclaysOverweightOverweightHold
Oct 08, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 02, 2024JefferiesBuyBuyHold
Sep 27, 2024CitigroupBuyBuyHold
Sep 24, 2024Goldman SachsBuyBuyHold
Sep 20, 2024BernsteinOverweightMarket PerformDowngrade
Sep 20, 2024Morgan StanleyEqual-WeightUnderweightDowngrade
Sep 20, 2024JMP SecuritiesPerformDowngrade
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PepsiCo's last stock rating was published by Cowen & Co. on Oct 10, 2024. The company Downgrade its PEP rating from "Buy" to "Hold".

PepsiCo Financial Forecast

PepsiCo Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
Revenue-----------------$23.45B$22.32B$17.85B$28.00B$21.97B$20.23B$16.20B$20.19B$19.22B$14.82B$22.45B$18.09B$15.95B
Avg Forecast$32.00B$26.49B$25.54B$20.50B$30.23B$25.19B$24.15B$19.30B$29.02B$24.19B$23.19B$18.53B$27.98B$23.86B$22.59B$18.08B$28.24B$23.41B$17.24B$26.83B$26.83B$15.54B$24.24B$17.96B$21.80B$15.37B$13.19B$20.25B$16.43B$12.66B
High Forecast$32.29B$26.73B$25.76B$20.68B$30.49B$25.42B$24.36B$19.47B$29.28B$24.40B$23.39B$18.73B$28.10B$23.98B$22.59B$18.08B$28.46B$24.25B$17.39B$27.06B$27.06B$15.81B$24.65B$18.27B$22.18B$15.64B$13.42B$20.60B$16.71B$12.88B
Low Forecast$31.71B$26.25B$25.30B$20.30B$29.94B$24.96B$23.92B$19.12B$28.75B$23.96B$22.97B$18.29B$27.76B$23.74B$22.59B$18.08B$28.06B$22.57B$17.08B$26.58B$26.58B$15.35B$23.94B$17.74B$21.53B$15.19B$13.03B$20.00B$16.23B$12.51B
# Analysts333344442226736484645353179991115
Surprise %-----------------1.00%1.29%0.67%1.04%1.41%0.83%0.90%0.93%1.25%1.12%1.11%1.10%1.26%

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 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333344442226736484645353179991115
EBITDA-----------------$4.92B$4.53B$3.40B$2.34B$4.19B$4.18B$2.74B$3.91B$3.89B$2.98B$3.50B$3.69B$2.98B
Avg Forecast$5.67B$4.70B$4.53B$3.63B$5.36B$4.47B$4.28B$3.42B$5.15B$4.29B$4.11B$3.29B$4.96B$4.23B$4.01B$9.20B$5.01B$4.15B$3.06B$7.28B$4.46B$2.82B$4.39B$5.75B$3.95B$2.79B$2.74B$3.67B$2.98B$2.30B
High Forecast$5.72B$4.74B$4.57B$3.67B$5.41B$4.51B$4.32B$3.45B$5.19B$4.33B$4.15B$3.32B$4.98B$4.25B$4.01B$11.05B$5.05B$4.30B$3.08B$8.73B$5.35B$2.87B$4.47B$6.90B$4.02B$2.84B$3.29B$3.73B$3.03B$2.34B
Low Forecast$5.62B$4.65B$4.49B$3.60B$5.31B$4.43B$4.24B$3.39B$5.10B$4.25B$4.07B$3.24B$4.92B$4.21B$4.01B$7.36B$4.98B$4.00B$3.03B$5.82B$3.57B$2.78B$4.34B$4.60B$3.90B$2.75B$2.19B$3.63B$2.94B$2.27B
Surprise %-----------------1.19%1.48%0.47%0.53%1.49%0.95%0.48%0.99%1.40%1.09%0.95%1.24%1.30%

8 analysts predict PEP's average Quarter EBITDA for Dec 23 to be $5.01B, with a high of $5.05B and a low of $4.98B. This is 1.68% upper than PepsiCo's previous annual EBITDA (Sep 23) of $4.92B.

PepsiCo Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333344442226736484645353179991115
Net Income-----------------$3.09B$2.75B$1.93B$518.00M$2.70B$1.43B$4.26B$2.22B$2.36B$1.71B$1.84B$2.29B$1.65B
Avg Forecast$3.44B$3.95B$3.81B$2.68B$3.12B$3.67B$3.58B$2.50B$2.88B$3.41B$3.31B$2.31B$2.68B$3.16B$2.98B$6.49B$2.37B$2.96B$1.90B$5.13B$1.45B$1.70B$2.09B$4.05B$2.01B$1.72B$1.58B$1.98B$2.07B$1.27B
High Forecast$3.48B$4.00B$3.85B$2.71B$3.16B$3.72B$3.62B$2.53B$2.92B$3.45B$3.35B$2.34B$2.70B$3.17B$2.98B$7.78B$2.40B$3.09B$1.92B$6.15B$1.75B$1.73B$2.14B$4.86B$2.05B$1.76B$1.89B$2.02B$2.11B$1.29B
Low Forecast$3.40B$3.90B$3.76B$2.65B$3.09B$3.63B$3.53B$2.47B$2.85B$3.37B$3.27B$2.27B$2.65B$3.14B$2.98B$5.19B$2.36B$2.83B$1.88B$4.10B$1.16B$1.67B$2.06B$3.24B$1.97B$1.70B$1.26B$1.95B$2.03B$1.25B
Surprise %-----------------1.04%1.45%0.38%0.36%1.59%0.68%1.05%1.11%1.37%1.09%0.93%1.11%1.30%

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 -23.35% decrease compared to the company's last Quarter net income of $3.09B (Sep 23).

PepsiCo SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333344442226736484645353179991115
SG&A-----------------$8.76B$8.54B$7.23B$12.20B$8.29B$7.39B$6.82B$7.64B$7.21B$5.84B$9.20B$6.92B$6.54B
Avg Forecast$12.63B$10.46B$10.08B$8.09B$11.93B$9.94B$9.53B$7.62B$11.45B$9.55B$9.15B$7.31B$11.04B$9.42B$8.92B$10.38B$11.15B$9.24B$6.80B$8.21B$11.61B$6.07B$9.47B$6.49B$8.52B$6.01B$5.37B$7.91B$6.42B$4.95B
High Forecast$12.74B$10.55B$10.17B$8.16B$12.03B$10.03B$9.61B$7.68B$11.55B$9.63B$9.23B$7.39B$11.09B$9.46B$8.92B$12.46B$11.23B$9.57B$6.86B$9.85B$13.93B$6.18B$9.64B$7.79B$8.67B$6.11B$6.44B$8.05B$6.53B$5.04B
Low Forecast$12.51B$10.36B$9.98B$8.01B$11.82B$9.85B$9.44B$7.55B$11.35B$9.46B$9.07B$7.22B$10.96B$9.37B$8.92B$8.31B$11.07B$8.91B$6.74B$6.57B$9.29B$6.00B$9.36B$5.19B$8.42B$5.94B$4.29B$7.82B$6.34B$4.89B
Surprise %-----------------0.95%1.26%0.88%1.05%1.37%0.78%1.05%0.90%1.20%1.09%1.16%1.08%1.32%

PepsiCo's average Quarter SG&A projection for Dec 23 is $11.15B, based on 8 Wall Street analysts, with a range of $11.07B to $11.23B. The forecast indicates a 27.27% rise compared to PEP last annual SG&A of $8.76B (Sep 23).

PepsiCo EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20
# Analysts333344442226736484645353179991115
EPS-----------------$2.25$1.99$1.40$0.38$1.96$1.03$3.08$1.61$1.71$1.24$1.34$1.66$1.19
Avg Forecast$2.50$2.87$2.76$1.95$2.27$2.67$2.60$1.81$2.09$2.47$2.40$1.68$1.95$2.29$2.16$1.52$1.72$2.15$1.38$1.65$1.65$1.23$1.52$1.53$1.46$1.25$1.03$1.44$1.50$0.92
High Forecast$2.53$2.90$2.79$1.97$2.29$2.70$2.63$1.83$2.12$2.50$2.43$1.70$1.96$2.30$2.16$1.55$1.74$2.24$1.39$1.67$1.69$1.25$1.55$1.58$1.49$1.28$1.05$1.47$1.53$0.94
Low Forecast$2.47$2.83$2.73$1.92$2.24$2.63$2.56$1.79$2.07$2.44$2.38$1.65$1.92$2.28$2.16$1.49$1.71$2.06$1.36$1.63$1.61$1.22$1.49$1.48$1.43$1.23$1.01$1.41$1.48$0.90
Surprise %-----------------1.05%1.44%0.85%0.23%1.59%0.68%2.01%1.11%1.37%1.20%0.93%1.11%1.30%

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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CELHCelsius--124.20%Buy
KOFCoca-Cola FEMSA--69.31%Buy
KDPKeurig Dr Pepper--21.81%Buy
KOCoca-Cola Company--14.85%Buy
PEPPepsiCo--14.76%Buy
CCEPCoca-Cola Europacific Partners---7.07%Buy
PRMWPrimo Water---7.77%Buy
COCOVita Coco Company---14.00%Buy
MNSTMonster Beverage---23.01%Buy

PEP Forecast FAQ

Is PepsiCo a good buy?

Yes, according to 18 Wall Street analysts, PepsiCo (PEP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 55.56% of PEP's total ratings.

What is PEP's price target?

PepsiCo (PEP) average price target is $184 with a range of $160 to $212, implying a 14.76% from its last price of $160.34. The data is based on 18 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 14.76% (from the last price of $160.34 to the average price target of $184), up by 32.22% based on the highest stock price target, and down by -0.21% based on the lowest stock price target.

Can PepsiCo stock reach $200?

PEP's highest twelve months analyst stock price target of $212 supports the claim that PepsiCo can reach $200 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 $98.87B (high $99.74B, low $97.94B), average EBITDA is $17.53B (high $17.68B, low $17.37B), average net income is $12.88B (high $13.02B, low $12.72B), average SG&A $39.02B (high $39.36B, low $38.65B), and average EPS is $9.34 (high $9.45, low $9.23). PEP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $104.53B (high $105.45B, low $103.55B), average EBITDA is $18.53B (high $18.7B, low $18.36B), average net income is $13.88B (high $14.04B, low $13.71B), average SG&A $41.25B (high $41.62B, low $40.87B), and average EPS is $10.07 (high $10.19, low $9.95).

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 $84.56B by 2.17%. Apple's EBITDA was $14.77B, missing the average prediction of $17.42B by -15.23%. The company's net income was $8.91B, missing the average estimation of $9.3B by -4.17%. Apple's SG&A was $34.46B, beating the average forecast of $33.65B by 2.41%. Lastly, the company's EPS was $6.45, beating the average prediction of $5.93 by 8.75%. In terms of the last quarterly report (Sep 2023), PepsiCo's revenue was $23.45B, beating the average analysts' forecast of $23.41B by 0.17%. The company's EBITDA was $4.92B, beating the average prediction of $4.15B by 18.62%. PepsiCo's net income was $3.09B, beating the average estimation of $2.96B by 4.33%. The company's SG&A was $8.76B, missing the average forecast of $9.24B by -5.23%. Lastly, the company's EPS was $2.25, beating the average prediction of $2.15 by 4.61%