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Philip Morris (PM) Stock Forecast, Price Target & Predictions

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PM Stock Forecast

Philip Morris stock forecast is as follows: an average price target of $141.20 (represents a 15.05% upside from PM’s last price of $122.72) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.

PM Price Target

The average price target for Philip Morris (PM) is $141.20 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $155.00 to $132.00. This represents a potential 15.05% upside from PM's last price of $122.72.

PM Analyst Ratings

Buy

According to 21 Wall Street analysts, Philip Morris's rating consensus is 'Buy'. The analyst rating breakdown for PM stock is 0 'Strong Buy' (0.00%), 15 'Buy' (71.43%), 4 'Hold' (19.05%), 2 'Sell' (9.52%), and 0 'Strong Sell' (0.00%).

Philip Morris Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Gaurav JainBarclays$155.00$131.5717.81%26.30%
Oct 22, 2024Damian McNeelaDeutsche Bank$142.00$131.418.06%15.71%
Oct 08, 2024Simon HalesCitigroup$132.00$118.9111.01%7.56%
Oct 01, 2024Damian McNeelaDeutsche Bank$135.00$121.4011.20%10.00%
Sep 09, 2024Gaurav JainBarclays$145.00$125.8115.25%18.15%
Sep 04, 2024Lisa LewandowskiBank of America Securities$139.00$125.7110.57%13.26%
Sep 04, 2024Matthew SmithStifel Nicolaus$138.00$125.719.78%12.45%
Jul 24, 2024Matthew SmithStifel Nicolaus$115.00$110.244.32%-6.29%
Jul 24, 2024Matthew SmithStifel Nicolaus$120.00$109.569.53%-2.22%
Apr 23, 2024Bonnie HerzogGoldman Sachs$118.00$94.0625.45%-3.85%
Oct 03, 2023Pamela KaufmanMorgan Stanley$113.00$90.2725.18%-7.92%
Jul 20, 2023David ColemanArgus Research$110.00$98.7711.37%-10.37%
Jun 29, 2023Pamela KaufmanMorgan Stanley$118.00$97.3621.19%-3.85%
May 04, 2023Stephanie WissinkJefferies$150.00$95.0857.76%22.22%
Apr 24, 2023Matthew SmithStifel Nicolaus$114.00$98.1616.14%-7.11%
Jul 19, 2022Jefferies$99.00$90.609.27%-19.33%
May 06, 2022Nick SetyanWedbush$112.00$98.1614.10%-8.74%
May 06, 2022Lauren SilbermanCredit Suisse$130.00$98.1632.44%5.93%
May 06, 2022Brian MullanDeutsche Bank$109.00$98.1611.05%-11.18%
May 06, 2022Andrew StrelzikBMO Capital$130.00$98.1632.44%5.93%
Apr 24, 2022Lisa LewandowskiBank of America Securities$117.00$102.6913.94%-4.66%
Apr 22, 2022Pamela KaufmanMorgan Stanley$112.00$103.538.18%-8.74%
Mar 30, 2022Christopher GroweStifel Nicolaus$105.00$93.9411.77%-14.44%
Feb 21, 2022Nik OliverUBS$110.00$111.61-1.44%-10.37%
Jun 01, 2021Callum ElliottBernstein$107.00$91.9416.38%-12.81%

The latest Philip Morris stock forecast, released on Oct 30, 2024 by Gaurav Jain from Barclays, set a price target of $155.00, which represents a 17.81% increase from the stock price at the time of the forecast ($131.57), and a 26.30% increase from PM last price ($122.72).

Philip Morris Price Target by Period

1M3M12M
# Anlaysts-410
Avg Price Target-$141.00$133.90
Last Closing Price$122.72$122.72$122.72
Upside/Downside-100.00%14.89%9.11%

In the current month, the average price target of Philip Morris stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Philip Morris's last price of $122.72. 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
Nov 21, 2024CLSAOutperformHoldUpgrade
Oct 30, 2024BarclaysOverweightOverweightHold
Oct 22, 2024Deutsche BankBuyBuyHold
Oct 16, 2024Goldman SachsBuyBuyHold
Oct 15, 2024OppenheimerOutperformOutperformHold
Oct 15, 2024BMO CapitalOutperformOutperformHold
Oct 15, 2024Piper SandlerOverweightOverweightHold
Oct 15, 2024Cowen & Co.UnderperformBuyUpgrade
Oct 15, 2024UBSSellSellHold
Oct 15, 2024Wells FargoEqual-WeightEqual-WeightHold
Oct 08, 2024CitigroupBuyBuyHold
Oct 03, 2024BarclaysOverweightOverweightHold
Oct 01, 2024Deutsche BankBuyBuyHold
Sep 25, 2024Goldman SachsBuyBuyHold
Sep 19, 2024CLSABuyOutperformUpgrade
Sep 09, 2024BarclaysOverweightOverweightHold
Sep 04, 2024Bank of America SecuritiesBuyBuyHold
Aug 14, 2024BarclaysOverweightOverweightHold
Jul 25, 2024Deutsche BankBuyBuyHold
May 20, 2024Zacks Investment ResearchSellSellHold
Apr 23, 2024Goldman SachsBuyBuyHold
Apr 19, 2024CitigroupBuyBuyHold
Apr 16, 2024HSBCHoldHoldHold
Apr 04, 2024Bank of America SecuritiesBuyBuyHold
Mar 28, 2024Goldman SachsBuyNeutralUpgrade
Feb 27, 2024Cowen & Co.UnderperformUnderperformHold
Feb 13, 2024Societe GeneraleHoldUpgrade
Feb 09, 2024Morgan StanleyOverweightOverweightHold
Dec 07, 2023Morgan StanleyOverweightOverweightHold
Nov 01, 2023MacquarieNeutralOutperformUpgrade
Oct 03, 2023Morgan StanleyOverweightOverweightHold
Sep 29, 2023BarclaysOverweightOverweightHold
Aug 23, 2023BMO CapitalMarket PerformMarket PerformHold
Jul 20, 2023Morgan StanleyOverweightOverweightHold
Jul 18, 2023CLSAOutperformBuyUpgrade
Jun 29, 2023Morgan StanleyOverweightOverweightHold
Jun 27, 2023CLSABuyOutperformUpgrade
Jun 22, 2023CLSAOutperformBuyUpgrade
Jun 20, 2023Wolfe ResearchPeer PerformInitialise
Jun 14, 2023CitigroupNeutralBuyUpgrade
Jun 01, 2023CLSABuyOutperformUpgrade
May 04, 2023JefferiesHoldBuyDowngrade
Apr 19, 2023CLSAUnderperformBuyUpgrade
Mar 30, 2023Telsey AdvisoryOverweightUpgrade
Mar 22, 2023Goldman SachsBuyUpgrade
Mar 14, 2023CitigroupBuyNeutralUpgrade
Mar 01, 2023UBSNeutralBuyUpgrade
Mar 01, 2023CLSABuyUnderperformUpgrade
Feb 02, 2023Morgan StanleyOverweightOverweightHold
Nov 15, 2022Atlantic EquitiesOverweightUpgrade
Oct 18, 2022CLSAOutperformBuyUpgrade
Oct 14, 2022Morgan StanleyOverweightOverweightHold
Sep 12, 2022Credit SuisseNeutralOutperformUpgrade
Sep 05, 2022CitigroupBuyUpgrade
Aug 15, 2022HSBCHoldUpgrade
Aug 15, 2022MacquarieNeutralUpgrade
Aug 08, 2022CLSABuyOutperformUpgrade
Jul 19, 2022JefferiesHoldHoldHold
Jul 05, 2022Credit SuisseOutperformNeutralUpgrade
Jun 22, 2022Credit SuisseNeutralOutperformUpgrade
Jun 21, 2022CLSABuyBuyUpgrade
Jun 20, 2022Morgan StanleyOverweightUpgrade
Jun 08, 2022Credit SuisseNeutralUpgrade
May 30, 2022CLSABuyBuyUpgrade
May 09, 2022CLSABuyUpgrade
Feb 17, 2022UBSNeutralNeutralHold

Philip Morris's last stock rating was published by CLSA on Nov 21, 2024. The company Upgrade its PM rating from "Outperform" to "Hold".

Philip Morris Financial Forecast

Philip Morris Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$9.05B$9.14B$8.97B$8.02B$8.15B$8.03B$7.83B$7.75B$8.10B$8.12B$7.59B$7.58B$7.44B$7.45B$6.65B$7.15B$7.71B$7.64B
Avg Forecast$10.62B$11.26B$10.89B$9.83B$9.90B$10.40B$10.07B$9.14B$9.51B$9.68B$9.19B$8.44B$9.01B$9.21B$8.76B$8.11B$7.50B$7.32B$6.71B$7.43B$7.75B$7.94B$7.67B$7.27B$7.41B$7.28B$6.50B$6.84B$7.66B$7.65B
High Forecast$11.01B$11.67B$11.29B$10.19B$10.26B$10.78B$10.43B$9.20B$9.75B$9.70B$9.19B$8.44B$9.17B$9.55B$9.08B$8.40B$7.77B$7.32B$6.71B$7.43B$7.75B$7.94B$7.67B$7.27B$7.41B$7.28B$6.50B$6.84B$7.66B$7.65B
Low Forecast$10.35B$10.97B$10.62B$9.58B$9.65B$10.14B$9.81B$9.09B$9.29B$9.65B$9.19B$8.44B$8.86B$8.98B$8.54B$7.90B$7.31B$7.32B$6.71B$7.43B$7.75B$7.94B$7.67B$7.27B$7.41B$7.28B$6.50B$6.84B$7.66B$7.65B
# Analysts2222111442336333444433331010101099
Surprise %------------1.00%0.99%1.02%0.99%1.09%1.10%1.17%1.04%1.05%1.02%0.99%1.04%1.00%1.02%1.02%1.05%1.01%1.00%

Philip Morris's average Quarter revenue forecast for Mar 24 based on 3 analysts is $8.44B, with a low forecast of $8.44B, and a high forecast of $8.44B. PM's average Quarter revenue forecast represents a -6.67% decrease compared to the company's last Quarter revenue of $9.05B (Dec 23).

Philip Morris EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111442336333444433331010101099
EBITDA------------$3.35B$3.79B$2.56B$2.71B$2.92B$2.96B$3.09B$3.33B$3.22B$3.55B$3.22B$3.53B$3.13B$3.35B$2.87B$2.79B$2.86B$2.90B
Avg Forecast$4.50B$4.77B$4.61B$4.16B$4.19B$4.40B$4.26B$3.87B$4.03B$4.10B$3.89B$3.87B$3.81B$3.90B$3.71B$3.52B$3.61B$3.11B$2.85B$3.20B$3.29B$3.37B$3.26B$3.10B$3.15B$3.09B$2.76B$2.59B$3.25B$3.25B
High Forecast$4.66B$4.94B$4.78B$4.31B$4.34B$4.56B$4.42B$3.90B$4.13B$4.11B$3.89B$4.65B$3.88B$4.04B$3.84B$4.22B$4.34B$3.11B$2.85B$3.84B$3.29B$3.37B$3.26B$3.72B$3.15B$3.09B$2.76B$3.11B$3.25B$3.25B
Low Forecast$4.38B$4.65B$4.49B$4.06B$4.09B$4.29B$4.15B$3.85B$3.93B$4.09B$3.89B$3.10B$3.75B$3.80B$3.61B$2.82B$2.89B$3.11B$2.85B$2.56B$3.29B$3.37B$3.26B$2.48B$3.15B$3.09B$2.76B$2.08B$3.25B$3.25B
Surprise %------------0.88%0.97%0.69%0.77%0.81%0.95%1.08%1.04%0.98%1.05%0.99%1.14%1.00%1.08%1.04%1.08%0.88%0.89%

3 analysts predict PM's average Quarter EBITDA for Mar 24 to be $3.87B, with a high of $4.65B and a low of $3.10B. This is 15.73% upper than Philip Morris's previous annual EBITDA (Dec 23) of $3.35B.

Philip Morris Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111442336333444433331010101099
Net Income------------$2.20B$2.05B$1.57B$2.00B$2.40B$2.09B$2.23B$2.33B$2.17B$2.43B$2.17B$2.42B$1.98B$2.31B$1.95B$1.83B$1.62B$1.90B
Avg Forecast$2.99B$3.88B$2.92B$2.68B$2.61B$3.26B$2.78B$2.55B$2.35B$2.84B$2.44B$2.69B$2.26B$2.51B$2.33B$2.44B$2.69B$2.12B$1.95B$2.22B$2.06B$2.43B$2.41B$2.12B$1.89B$2.12B$1.71B$1.70B$1.88B$2.12B
High Forecast$3.13B$4.07B$3.06B$2.81B$2.73B$3.41B$2.91B$2.61B$2.41B$2.84B$2.44B$3.23B$2.29B$2.63B$2.44B$2.93B$3.23B$2.19B$2.03B$2.67B$2.06B$2.43B$2.41B$2.55B$1.89B$2.12B$1.71B$2.04B$1.88B$2.12B
Low Forecast$2.89B$3.75B$2.82B$2.60B$2.52B$3.15B$2.69B$2.50B$2.25B$2.83B$2.44B$2.15B$2.16B$2.43B$2.26B$1.95B$2.15B$2.05B$1.87B$1.78B$2.06B$2.43B$2.41B$1.70B$1.89B$2.12B$1.71B$1.36B$1.88B$2.12B
Surprise %------------0.97%0.82%0.67%0.82%0.89%0.99%1.14%1.05%1.05%1.00%0.90%1.14%1.05%1.09%1.14%1.08%0.86%0.89%

Philip Morris's average Quarter net income forecast for Mar 24 is $2.69B, with a range of $2.15B to $3.23B. PM's average Quarter net income forecast represents a 22.40% increase compared to the company's last Quarter net income of $2.20B (Dec 23).

Philip Morris SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111442336333444433331010101099
SG&A------------$2.04B$2.61B$3.18B$2.27B$2.02B$2.14B$2.10B$1.81B$2.34B$2.08B$2.12B$1.88B$1.98B$1.79B$1.74B$1.97B$2.44B$2.25B
Avg Forecast$2.84B$3.01B$2.91B$2.62B$2.64B$2.78B$2.69B$2.44B$2.54B$2.58B$2.45B$4.16B$2.41B$2.46B$2.34B$3.78B$2.48B$1.93B$1.77B$3.44B$2.05B$2.10B$2.03B$1.65B$1.96B$1.92B$1.72B$1.83B$2.02B$2.02B
High Forecast$2.94B$3.12B$3.01B$2.72B$2.74B$2.88B$2.79B$2.46B$2.60B$2.59B$2.45B$4.99B$2.45B$2.55B$2.42B$4.54B$2.97B$1.93B$1.77B$4.13B$2.05B$2.10B$2.03B$1.98B$1.96B$1.92B$1.72B$2.19B$2.02B$2.02B
Low Forecast$2.76B$2.93B$2.84B$2.56B$2.58B$2.71B$2.62B$2.43B$2.48B$2.58B$2.45B$3.33B$2.37B$2.40B$2.28B$3.03B$1.98B$1.93B$1.77B$2.75B$2.05B$2.10B$2.03B$1.32B$1.96B$1.92B$1.72B$1.46B$2.02B$2.02B
Surprise %------------0.85%1.06%1.36%0.60%0.82%1.11%1.18%0.53%1.14%0.99%1.05%1.14%1.01%0.93%1.02%1.08%1.21%1.12%

Philip Morris's average Quarter SG&A projection for Mar 24 is $4.16B, based on 3 Wall Street analysts, with a range of $3.33B to $4.99B. The forecast indicates a 103.95% rise compared to PM last annual SG&A of $2.04B (Dec 23).

Philip Morris EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts2222111442336333444433331010101099
EPS-------------$1.32$1.01$1.28$1.54$1.34$1.44$1.50$1.40$1.56$1.39$1.55$1.27$1.48$1.25$1.17$1.04$1.22
Avg Forecast$1.92$2.49$1.87$1.72$1.68$2.09$1.79$1.64$1.51$1.82$1.57$1.41$1.45$1.62$1.50$1.34$1.26$1.36$1.25$1.49$1.33$1.56$1.55$1.40$1.21$1.36$1.10$1.13$1.21$1.36
High Forecast$2.01$2.61$1.96$1.81$1.76$2.19$1.87$1.68$1.55$1.83$1.57$1.41$1.47$1.69$1.57$1.39$1.32$1.41$1.30$1.52$1.33$1.56$1.55$1.40$1.21$1.36$1.10$1.13$1.21$1.36
Low Forecast$1.86$2.41$1.81$1.67$1.62$2.02$1.73$1.61$1.45$1.82$1.57$1.41$1.39$1.56$1.45$1.30$1.22$1.32$1.20$1.46$1.33$1.56$1.55$1.40$1.21$1.36$1.10$1.13$1.21$1.36
Surprise %-------------0.82%0.67%0.95%1.22%0.98%1.15%1.01%1.06%1.00%0.90%1.11%1.05%1.09%1.14%1.03%0.86%0.90%

According to 6 Wall Street analysts, Philip Morris's projected average Quarter EPS for Dec 23 is $1.45, with a low estimate of $1.39 and a high estimate of $1.47. This represents a 9.80% increase compared to PM previous annual EPS of $1.32 (Sep 23).

Philip Morris Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PMPhilip Morris$126.04$141.2012.03%Buy
MOAltria Group$54.13$53.00-2.09%Hold

PM Forecast FAQ

Is Philip Morris a good buy?

Yes, according to 21 Wall Street analysts, Philip Morris (PM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 71.43% of PM's total ratings.

What is PM's price target?

Philip Morris (PM) average price target is $141.2 with a range of $132 to $155, implying a 15.05% from its last price of $122.72. The data is based on 21 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Philip Morris stock go up soon?

According to Wall Street analysts' prediction for PM stock, the company can go up by 15.05% (from the last price of $122.72 to the average price target of $141.2), up by 26.30% based on the highest stock price target, and up by 7.56% based on the lowest stock price target.

Can Philip Morris stock reach $200?

PM's average twelve months analyst stock price target of $141.2 does not support the claim that Philip Morris can reach $200 in the near future.

What are Philip Morris's analysts' financial forecasts?

Philip Morris's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $39.51B (high $40.68B, low $38.7B), average EBITDA is $16.73B (high $17.22B, low $16.38B), average net income is $11.2B (high $11.67B, low $10.87B), average SG&A $10.55B (high $10.86B, low $10.33B), and average EPS is $7.2 (high $7.5, low $6.98). PM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $42.6B (high $44.15B, low $41.52B), average EBITDA is $18.03B (high $18.69B, low $17.58B), average net income is $12.47B (high $13.06B, low $12.06B), average SG&A $11.37B (high $11.79B, low $11.09B), and average EPS is $8.01 (high $8.4, low $7.75).

Did the PM's actual financial results beat the analysts' financial forecasts?

Based on Philip Morris's last annual report (Dec 2023), the company's revenue was $35.17B, beating the average analysts forecast of $35.08B by 0.26%. Apple's EBITDA was $14.04B, missing the average prediction of $14.94B by -6.03%. The company's net income was $7.81B, missing the average estimation of $9.54B by -18.14%. Apple's SG&A was $10.1B, missing the average forecast of $10.99B by -8.03%. Lastly, the company's EPS was $5.02, missing the average prediction of $5.91 by -15.02%. In terms of the last quarterly report (Dec 2023), Philip Morris's revenue was $9.05B, beating the average analysts' forecast of $9.01B by 0.43%. The company's EBITDA was $3.34B, missing the average prediction of $3.81B by -12.28%. Philip Morris's net income was $2.2B, missing the average estimation of $2.26B by -2.62%. The company's SG&A was $2.04B, missing the average forecast of $2.41B by -15.20%. Lastly, the company's EPS was $0, missing the average prediction of $1.45 by -100.00%