Philip Morris (PM) Stock Forecast, Price Target & Predictions
PM Stock Forecast
Philip Morris stock forecast is as follows: an average price target of $123.92 (represents a -1.35% downside from PM’s last price of $125.62) and a rating consensus of 'Buy', based on 17 wall street analysts offering a 1-year stock forecast.
PM Price Target
The average price target for Philip Morris (PM) is $123.92 based on 1-year price targets from 17 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $107.00. This represents a potential -1.35% downside from PM's last price of $125.62.
PM Analyst Ratings
According to 17 Wall Street analysts, Philip Morris's rating consensus is 'Buy'. The analyst rating breakdown for PM stock is 0 'Strong Buy' (0.00%), 13 'Buy' (76.47%), 3 'Hold' (17.65%), 1 'Sell' (5.88%), 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 |
|---|---|---|---|---|---|---|
| Sep 09, 2024 | Gaurav Jain | Barclays | $145.00 | $125.81 | 15.25% | 15.43% |
| Sep 04, 2024 | Lisa Lewandowski | Bank of America Securities | $139.00 | $125.71 | 10.57% | 10.65% |
| Sep 04, 2024 | Matthew Smith | Stifel Nicolaus | $138.00 | $125.71 | 9.78% | 9.86% |
| Jul 24, 2024 | Matthew Smith | Stifel Nicolaus | $115.00 | $110.24 | 4.32% | -8.45% |
| Jul 24, 2024 | Matthew Smith | Stifel Nicolaus | $120.00 | $109.56 | 9.53% | -4.47% |
| Apr 23, 2024 | Bonnie Herzog | Goldman Sachs | $118.00 | $94.06 | 25.45% | -6.07% |
| Oct 03, 2023 | Pamela Kaufman | Morgan Stanley | $113.00 | $90.27 | 25.18% | -10.05% |
| Jul 20, 2023 | David Coleman | Argus Research | $110.00 | $98.77 | 11.37% | -12.43% |
| Jun 29, 2023 | Pamela Kaufman | Morgan Stanley | $118.00 | $97.36 | 21.19% | -6.07% |
| May 04, 2023 | Stephanie Wissink | Jefferies | $150.00 | $95.08 | 57.76% | 19.41% |
The latest Philip Morris stock forecast, released on Sep 09, 2024 by Gaurav Jain from Barclays, set a price target of $145.00, which represents a 15.25% increase from the stock price at the time of the forecast ($125.81), and a 15.43% increase from PM last price ($125.62).
Philip Morris Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 5 | 7 |
| Avg Price Target | $140.67 | $131.40 | $126.86 |
| Last Closing Price | $125.62 | $125.62 | $125.62 |
| Upside/Downside | 11.98% | 4.60% | 0.99% |
In the current month, the average price target of Philip Morris stock is $140.67, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 11.98% increase as opposed to Philip Morris's last price of $125.62. This month's average price target is up 7.05% compared to last quarter, and up 10.89% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 09, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 04, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 14, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 25, 2024 | Deutsche Bank | Buy | Buy | Hold |
| May 20, 2024 | Zacks Investment Research | Sell | Sell | Hold |
| Apr 23, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Apr 19, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 16, 2024 | HSBC | Hold | Hold | Hold |
| Apr 04, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Mar 28, 2024 | Goldman Sachs | Buy | Neutral | Upgrade |
Philip Morris's last stock rating was published by Barclays on Sep 09, 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 | Jul 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 | - | $7.75B | $8.10B | $8.12B | $7.59B | $7.58B | $7.44B | $7.45B | $6.65B | $7.15B | $7.71B | $7.64B |
| Avg Forecast | $10.88B | $10.72B | $10.88B | $9.81B | $10.38B | $10.31B | $10.23B | $9.30B | $9.72B | $9.67B | $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 | $11.11B | $10.95B | $11.11B | $10.01B | $10.60B | $10.53B | $10.44B | $9.50B | $9.93B | $9.88B | $9.38B | $8.62B | $9.17B | $9.41B | $8.94B | $8.28B | $7.66B | $7.47B | $6.71B | $7.56B | $7.89B | $8.08B | $7.81B | $7.40B | $7.54B | $7.42B | $6.62B | $6.97B | $7.80B | $7.79B |
| Low Forecast | $10.54B | $10.38B | $10.53B | $9.50B | $10.05B | $9.98B | $9.90B | $9.01B | $9.41B | $9.46B | $8.90B | $8.18B | $8.86B | $8.92B | $8.48B | $7.85B | $7.26B | $7.09B | $6.71B | $7.29B | $7.60B | $7.79B | $7.53B | $7.13B | $7.27B | $7.15B | $6.38B | $6.72B | $7.52B | $7.51B |
| # Analysts | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 1.02% | 0.99% | 1.09% | 1.10% | - | 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 $8.18B, and a high forecast of $8.62B. 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 | Jul 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 | 1 | 2 | 4 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $3.35B | $3.79B | $2.56B | $2.71B | $2.92B | $2.96B | - | $3.33B | $3.22B | $3.55B | $3.22B | $3.53B | $3.13B | $3.35B | $2.87B | $2.79B | $2.86B | $2.90B |
| Avg Forecast | $4.62B | $4.55B | $4.62B | $4.17B | $4.41B | $4.38B | $4.34B | $3.95B | $4.13B | $4.11B | $3.90B | $3.87B | $3.83B | $3.91B | $3.72B | $3.52B | $3.19B | $3.80B | $2.85B | $3.20B | $3.29B | $3.46B | $3.16B | $3.10B | $3.01B | $3.20B | $2.37B | $2.59B | $2.83B | $2.75B |
| High Forecast | $4.72B | $4.65B | $4.72B | $4.25B | $4.50B | $4.47B | $4.44B | $4.03B | $4.22B | $4.20B | $3.98B | $4.65B | $3.89B | $4.00B | $3.80B | $4.22B | $3.25B | $4.56B | $2.85B | $3.84B | $3.94B | $4.15B | $3.79B | $3.72B | $3.61B | $3.84B | $2.85B | $3.11B | $3.40B | $3.30B |
| Low Forecast | $4.48B | $4.41B | $4.47B | $4.03B | $4.27B | $4.24B | $4.21B | $3.83B | $4.00B | $4.02B | $3.78B | $3.10B | $3.76B | $3.79B | $3.60B | $2.82B | $3.08B | $3.04B | $2.85B | $2.56B | $2.63B | $2.77B | $2.52B | $2.48B | $2.40B | $2.56B | $1.90B | $2.08B | $2.27B | $2.20B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 0.97% | 0.69% | 0.77% | 0.92% | 0.78% | - | 1.04% | 0.98% | 1.03% | 1.02% | 1.14% | 1.04% | 1.05% | 1.21% | 1.08% | 1.01% | 1.05% |
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 | Jul 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 | 1 | 2 | 4 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.20B | $2.05B | $1.57B | $2.00B | $2.40B | $2.09B | - | $2.33B | $2.17B | $2.43B | $2.17B | $2.42B | $1.98B | $2.31B | $1.95B | $1.83B | $1.62B | $1.90B |
| Avg Forecast | $2.83B | $3.38B | $3.16B | $2.88B | $2.78B | $3.00B | $2.81B | $2.57B | $2.37B | $2.83B | $2.44B | $2.69B | $2.26B | $2.51B | $2.33B | $2.44B | $1.97B | $2.60B | $1.95B | $2.22B | $2.45B | $2.36B | $2.13B | $2.12B | $1.89B | $2.21B | $1.61B | $1.70B | $1.60B | $1.80B |
| High Forecast | $2.91B | $3.47B | $3.25B | $2.96B | $2.86B | $3.08B | $2.88B | $2.64B | $2.44B | $2.84B | $2.51B | $3.23B | $2.29B | $2.58B | $2.40B | $2.93B | $2.02B | $3.12B | $1.95B | $2.67B | $2.94B | $2.84B | $2.56B | $2.55B | $2.27B | $2.65B | $1.93B | $2.04B | $1.92B | $2.16B |
| Low Forecast | $2.71B | $3.24B | $3.03B | $2.76B | $2.67B | $2.88B | $2.69B | $2.46B | $2.27B | $2.80B | $2.34B | $2.15B | $2.16B | $2.41B | $2.24B | $1.95B | $1.89B | $2.08B | $1.95B | $1.78B | $1.96B | $1.89B | $1.70B | $1.70B | $1.52B | $1.76B | $1.29B | $1.36B | $1.28B | $1.44B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.82% | 0.67% | 0.82% | 1.22% | 0.80% | - | 1.05% | 0.89% | 1.03% | 1.02% | 1.14% | 1.04% | 1.05% | 1.21% | 1.08% | 1.01% | 1.05% |
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 | Jul 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 | 1 | 2 | 4 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $2.04B | $2.61B | $3.18B | $2.27B | $2.02B | $2.14B | - | $1.81B | $2.34B | $2.08B | $2.12B | $1.88B | $1.98B | $1.79B | $1.74B | $1.97B | $2.44B | $2.25B |
| Avg Forecast | $2.87B | $2.83B | $2.87B | $2.59B | $2.74B | $2.72B | $2.70B | $2.46B | $2.57B | $2.55B | $2.43B | $4.16B | $2.38B | $2.43B | $2.31B | $3.78B | $1.98B | $2.23B | $1.77B | $3.44B | $2.25B | $2.03B | $2.08B | $1.65B | $1.90B | $1.71B | $1.44B | $1.83B | $2.42B | $2.14B |
| High Forecast | $2.94B | $2.89B | $2.93B | $2.65B | $2.80B | $2.78B | $2.76B | $2.51B | $2.62B | $2.61B | $2.48B | $4.99B | $2.42B | $2.49B | $2.36B | $4.54B | $2.02B | $2.67B | $1.77B | $4.13B | $2.70B | $2.43B | $2.49B | $1.98B | $2.28B | $2.06B | $1.73B | $2.19B | $2.90B | $2.57B |
| Low Forecast | $2.78B | $2.74B | $2.78B | $2.51B | $2.65B | $2.64B | $2.62B | $2.38B | $2.49B | $2.50B | $2.35B | $3.33B | $2.34B | $2.36B | $2.24B | $3.03B | $1.92B | $1.78B | $1.77B | $2.75B | $1.80B | $1.62B | $1.66B | $1.32B | $1.52B | $1.37B | $1.15B | $1.46B | $1.94B | $1.71B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.86% | 1.07% | 1.37% | 0.60% | 1.02% | 0.96% | - | 0.53% | 1.04% | 1.03% | 1.02% | 1.14% | 1.04% | 1.05% | 1.21% | 1.08% | 1.01% | 1.05% |
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 | Jul 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 | 1 | 2 | 4 | 2 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 2 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.32 | $1.01 | $1.28 | $1.54 | $1.34 | - | $1.50 | $1.40 | $1.56 | $1.39 | $1.55 | $1.27 | $1.48 | $1.25 | $1.17 | $1.04 | $1.22 |
| Avg Forecast | $1.82 | $2.17 | $2.03 | $1.85 | $1.79 | $1.93 | $1.80 | $1.65 | $1.52 | $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 | $1.87 | $2.23 | $2.09 | $1.90 | $1.84 | $1.98 | $1.85 | $1.69 | $1.57 | $1.83 | $1.61 | $1.45 | $1.47 | $1.66 | $1.54 | $1.38 | $1.30 | $1.40 | $1.25 | $1.52 | $1.36 | $1.60 | $1.58 | $1.43 | $1.24 | $1.40 | $1.13 | $1.16 | $1.24 | $1.39 |
| Low Forecast | $1.74 | $2.08 | $1.95 | $1.78 | $1.72 | $1.85 | $1.73 | $1.58 | $1.46 | $1.80 | $1.50 | $1.35 | $1.39 | $1.55 | $1.44 | $1.29 | $1.21 | $1.31 | $1.25 | $1.45 | $1.29 | $1.52 | $1.51 | $1.36 | $1.18 | $1.33 | $1.07 | $1.11 | $1.18 | $1.33 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 0.67% | 0.95% | 1.22% | 0.98% | - | 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).
PM Forecast FAQ
Is Philip Morris a good buy?
Yes, according to 17 Wall Street analysts, Philip Morris (PM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 13 'Buy' recommendations, accounting for 76.47% of PM's total ratings.
What is PM's price target?
Philip Morris (PM) average price target is $123.92 with a range of $107 to $150, implying a -1.35% from its last price of $125.62. The data is based on 17 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 -1.35% (from the last price of $125.62 to the average price target of $123.92), up by 19.41% based on the highest stock price target, and down by -14.82% based on the lowest stock price target.
Can Philip Morris stock reach $200?
PM's average twelve months analyst stock price target of $123.92 does not support the claim that Philip Morris can reach $200 in the near future.
What is Philip Morris's current price target trend?
3 Wall Street analysts forecast a $140.67 price target for Philip Morris (PM) this month, up 11.98% from its last price of $125.62. Compared to the last 3 and 12 months, the average price target increased by 4.60% and increased by 0.99%, 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 $40.21B (high $41.07B, low $38.94B), average EBITDA is $17.08B (high $17.44B, low $16.54B), average net income is $11.16B (high $11.47B, low $10.7B), average SG&A $10.62B (high $10.85B, low $10.29B), and average EPS is $7.17 (high $7.37, low $6.88). PM's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $42.28B (high $43.18B, low $40.95B), average EBITDA is $17.96B (high $18.34B, low $17.39B), average net income is $12.25B (high $12.59B, low $11.75B), average SG&A $11.17B (high $11.41B, low $10.82B), and average EPS is $7.87 (high $8.09, low $7.55).
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 $14.98B by -6.27%. 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 $3.83B by -12.58%. 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%