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 $127.57 (represents a -0.49% downside from PM’s last price of $128.20) 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 $127.57 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 $107.00. This represents a potential -0.49% downside from PM's last price of $128.20.

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%), 16 'Buy' (76.19%), 3 'Hold' (14.29%), 2 'Sell' (9.52%), and 0 'Strong Sell' (0.00%).

Philip Morris Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 30, 2024	Gaurav Jain	Barclays	$155.00	$131.57	17.81%	20.90%
Oct 22, 2024	Damian McNeela	Deutsche Bank	$142.00	$131.41	8.06%	10.76%
Oct 08, 2024	Simon Hales	Citigroup	$132.00	$118.91	11.01%	2.96%
Oct 01, 2024	Damian McNeela	Deutsche Bank	$135.00	$121.40	11.20%	5.30%
Sep 09, 2024	Gaurav Jain	Barclays	$145.00	$125.81	15.25%	13.10%
Sep 04, 2024	Lisa Lewandowski	Bank of America Securities	$139.00	$125.71	10.57%	8.42%
Sep 04, 2024	Matthew Smith	Stifel Nicolaus	$138.00	$125.71	9.78%	7.64%
Jul 24, 2024	Matthew Smith	Stifel Nicolaus	$115.00	$110.24	4.32%	-10.30%
Jul 24, 2024	Matthew Smith	Stifel Nicolaus	$120.00	$109.56	9.53%	-6.40%
Apr 23, 2024	Bonnie Herzog	Goldman Sachs	$118.00	$94.06	25.45%	-7.96%

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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 20.90% increase from PM last price ($128.20).

Philip Morris Price Target by Period

	1M	3M	12M
# Anlaysts	2	7	10
Avg Price Target	$148.50	$140.86	$133.90
Last Closing Price	$128.20	$128.20	$128.20
Upside/Downside	15.83%	9.88%	4.45%

In the current month, the average price target of Philip Morris stock is $148.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 15.83% increase as opposed to Philip Morris's last price of $128.20. This month's average price target is up 5.42% compared to last quarter, and up 10.90% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 30, 2024	Barclays	Overweight	Overweight	Hold
Oct 22, 2024	Deutsche Bank	Buy	Buy	Hold
Oct 16, 2024	Goldman Sachs	Buy	Buy	Hold
Oct 15, 2024	Cowen & Co.	Underperform	Buy	Upgrade
Oct 15, 2024	Oppenheimer	Outperform	Outperform	Hold
Oct 15, 2024	BMO Capital	Outperform	Outperform	Hold
Oct 15, 2024	Piper Sandler	Overweight	Overweight	Hold
Oct 15, 2024	UBS	Sell	Sell	Hold
Oct 15, 2024	Wells Fargo	Equal-Weight	Equal-Weight	Hold
Oct 08, 2024	Citigroup	Buy	Buy	Hold

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Philip Morris's last stock rating was published by Barclays on Oct 30, 2024. The company gave PM a "Overweight" rating, the same as its previous rate.

Philip Morris Financial Forecast

Philip Morris Revenue Forecast

	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	Jun 20	Mar 20	Dec 19	Sep 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	$10.02B	$10.50B	$10.16B	$9.23B	$9.55B	$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	$10.80B	$11.45B	$11.07B	$9.99B	$10.19B	$10.68B	$10.33B	$9.32B	$9.74B	$9.70B	$9.19B	$8.44B	$9.17B	$9.37B	$8.90B	$8.24B	$7.63B	$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	$10.38B	$11.01B	$10.65B	$9.61B	$9.80B	$10.27B	$9.94B	$9.15B	$9.28B	$9.65B	$9.19B	$8.44B	$8.86B	$9.01B	$8.56B	$7.93B	$7.33B	$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
# Analysts	2	2	2	2	1	1	1	4	4	2	3	3	6	3	3	3	4	4	4	4	3	3	3	3	10	10	10	10	9	9
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 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	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	4	2	3	3	6	3	3	3	4	4	4	4	3	3	3	3	10	10	10	10	9	9
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	$4.53B	$4.80B	$4.64B	$4.19B	$4.27B	$4.48B	$4.33B	$3.94B	$4.07B	$4.13B	$3.92B	$3.87B	$3.84B	$3.93B	$3.73B	$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	$4.60B	$4.88B	$4.72B	$4.26B	$4.34B	$4.55B	$4.41B	$3.97B	$4.15B	$4.14B	$3.92B	$4.65B	$3.91B	$3.99B	$3.80B	$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	$4.43B	$4.69B	$4.54B	$4.10B	$4.18B	$4.38B	$4.24B	$3.90B	$3.96B	$4.12B	$3.92B	$3.10B	$3.78B	$3.84B	$3.65B	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	0.87%	0.96%	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 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	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	4	2	3	3	6	3	3	3	4	4	4	4	3	3	3	3	10	10	10	10	9	9
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	$2.63B	$3.29B	$2.80B	$2.58B	$2.34B	$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	$3.05B	$3.97B	$2.98B	$2.74B	$2.69B	$3.37B	$2.87B	$2.59B	$2.40B	$2.84B	$2.44B	$3.23B	$2.29B	$2.57B	$2.38B	$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	$2.90B	$3.77B	$2.83B	$2.61B	$2.56B	$3.20B	$2.72B	$2.56B	$2.30B	$2.83B	$2.44B	$2.15B	$2.16B	$2.44B	$2.27B	$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 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	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	4	2	3	3	6	3	3	3	4	4	4	4	3	3	3	3	10	10	10	10	9	9
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	$2.81B	$2.97B	$2.88B	$2.60B	$2.65B	$2.77B	$2.68B	$2.44B	$2.52B	$2.56B	$2.43B	$4.16B	$2.38B	$2.43B	$2.31B	$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	$2.85B	$3.02B	$2.93B	$2.64B	$2.69B	$2.82B	$2.73B	$2.46B	$2.57B	$2.56B	$2.43B	$4.99B	$2.42B	$2.47B	$2.35B	$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	$2.74B	$2.91B	$2.81B	$2.54B	$2.59B	$2.71B	$2.62B	$2.42B	$2.45B	$2.55B	$2.43B	$3.33B	$2.34B	$2.38B	$2.26B	$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 %	-	-	-	-	-	-	-	-	-	-	-	-	0.86%	1.07%	1.37%	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 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	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	2	2	2	2	1	1	1	4	4	2	3	3	6	3	3	3	4	4	4	4	3	3	3	3	10	10	10	10	9	9
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	$1.69	$2.12	$1.80	$1.66	$1.50	$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	$1.96	$2.55	$1.92	$1.76	$1.73	$2.16	$1.84	$1.67	$1.54	$1.83	$1.57	$1.41	$1.47	$1.65	$1.53	$1.39	$1.29	$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	$1.87	$2.42	$1.82	$1.67	$1.64	$2.06	$1.75	$1.65	$1.48	$1.82	$1.57	$1.41	$1.39	$1.57	$1.46	$1.30	$1.23	$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

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
PM	Philip Morris	$128.20	$127.57	-0.49%	Buy
MO	Altria Group	$55.39	$51.36	-7.28%	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 16 'Buy' recommendations, accounting for 76.19% of PM's total ratings.

What is PM's price target?

Philip Morris (PM) average price target is $127.57 with a range of $107 to $155, implying a -0.49% from its last price of $128.2. 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 down by -0.49% (from the last price of $128.2 to the average price target of $127.57), up by 20.90% based on the highest stock price target, and down by -16.54% based on the lowest stock price target.

Can Philip Morris stock reach $200?

PM's average twelve months analyst stock price target of $127.57 does not support the claim that Philip Morris can reach $200 in the near future.

What is Philip Morris's current price target trend?

2 Wall Street analysts forecast a $148.5 price target for Philip Morris (PM) this month, up 15.83% from its last price of $128.2. Compared to the last 3 and 12 months, the average price target increased by 9.88% and increased by 4.45%, respectively.

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 $39.91B (high $40.52B, low $39.15B), average EBITDA is $17.02B (high $17.28B, low $16.69B), average net income is $11.31B (high $11.51B, low $11.04B), average SG&A $10.54B (high $10.7B, low $10.34B), and average EPS is $7.27 (high $7.4, low $7.09). PM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $42.6B (high $43.31B, low $41.65B), average EBITDA is $18.16B (high $18.47B, low $17.76B), average net income is $12.47B (high $12.74B, low $12.11B), average SG&A $11.25B (high $11.44B, low $11B), and average EPS is $8.01 (high $8.19, low $7.78).

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 $15.02B by -6.55%. 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 $10.91B by -7.37%. 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 $3.84B by -12.91%. 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 $2.38B by -14.27%. Lastly, the company's EPS was $0, missing the average prediction of $1.45 by -100.00%