PepsiCo, Inc. (PEP)
NASDAQ: PEP · IEX Real-Time Price · USD
169.14
-0.51 (-0.30%)
At close: Apr 5, 2024, 4:00 PM
169.12
-0.02 (-0.01%)
After-hours: Apr 5, 2024, 7:47 PM EDT
Stock Price Forecast
The 11 analysts with 12-month price forecasts for PepsiCo stock have an average target of 188.64, with a low estimate of 170 and a high estimate of 209. The average target predicts an increase of 11.53% from the current stock price of 169.14.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $170 | $188.64 | $190 | $209 |
| Change | +0.51% | +11.53% | +12.33% | +23.57% |
Analyst Ratings
The average analyst rating for PepsiCo stock from 12 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 5 | 5 | 3 |
| Buy | 3 | 2 | 2 | 2 | 3 | 3 |
| Hold | 7 | 8 | 8 | 7 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 14 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $199 → $209 | Strong Buy | Maintains | $199 → $209 | +23.57% | Apr 5, 2024 |
| Argus Research | Argus Research | Strong Buy → Hold Downgrades n/a | Strong Buy → Hold | Downgrades | n/a | n/a | Apr 3, 2024 |
| Morgan Stanley | Morgan Stanley | Hold → Buy Upgrades $190 | Hold → Buy | Upgrades | $190 | +12.33% | Mar 18, 2024 |
| Barclays | Barclays | Buy Maintains $179 → $183 | Buy | Maintains | $179 → $183 | +8.19% | Feb 13, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $180 | Hold | Reiterates | $180 | +6.42% | Feb 12, 2024 |
Financial Forecast
Revenue This Year
Increased by 4.57%
from 91.47B
Revenue Next Year
100.15B
from 95.65B
Increased by 4.70%
from 95.65B
EPS This Year
8.24
from 6.56
Increased by 25.63%
from 6.56
EPS Next Year
8.92
from 8.24
Increased by 8.21%
from 8.24
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 67.16B | 70.37B | 79.47B | 86.39B | 91.47B | 95.65B | 100.15B | 104.71B | 112.46B | 119.70B |
| Revenue Growth | 3.87% | 4.78% | 12.93% | 8.70% | 5.88% | 4.57% | 4.70% | 4.56% | 7.40% | 6.43% |
| EPS | 5.20 | 5.12 | 5.49 | 6.42 | 6.56 | 8.24 | 8.92 | 9.54 | 10.15 | 11.06 |
| EPS Growth | -40.77% | -1.54% | 7.23% | 16.94% | 2.18% | 25.63% | 8.21% | 6.98% | 6.41% | 8.98% |
| No. Analysts | - | - | - | - | - | 23 | 22 | 14 | 4 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 100.8B | 105.6B | 110.9B | 118.7B | 125.5B |
| Avg | 95.7B | 100.1B | 104.7B | 112.5B | 119.7B |
| Low | 92.0B | 95.8B | 99.6B | 106.0B | 115.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.2% | 10.4% | 10.7% | 13.4% | 11.6% |
| Avg | 4.6% | 4.7% | 4.6% | 7.4% | 6.4% |
| Low | 0.6% | 0.2% | -0.5% | 1.2% | 2.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.72 | 9.56 | 10.11 | 10.69 | 11.57 |
| Avg | 8.24 | 8.92 | 9.54 | 10.15 | 11.06 |
| Low | 7.97 | 8.48 | 8.96 | 9.69 | 10.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 32.9% | 15.9% | 13.3% | 12.0% | 14.0% |
| Avg | 25.6% | 8.2% | 7.0% | 6.4% | 9.0% |
| Low | 21.5% | 2.9% | 0.5% | 1.6% | 5.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
