PepsiCo, Inc. (PEP)
NASDAQ: PEP · IEX Real-Time Price · USD
182.19
-0.92 (-0.50%)
At close: May 17, 2024, 4:00 PM
182.31
+0.12 (0.07%)
After-hours: May 17, 2024, 7:57 PM EDT
Stock Price Forecast
The 11 analysts with 12-month price forecasts for PepsiCo stock have an average target of 189.45, with a low estimate of 170 and a high estimate of 211. The average target predicts an increase of 3.98% from the current stock price of 182.19.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $170 | $189.45 | $190 | $211 |
| Change | -6.69% | +3.98% | +4.29% | +15.81% |
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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 3 | 3 |
| Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Hold | 8 | 8 | 7 | 6 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $209 → $211 | Strong Buy | Maintains | $209 → $211 | +15.81% | May 16, 2024 |
| Barclays | Barclays | Buy Maintains $184 → $185 | Buy | Maintains | $184 → $185 | +1.54% | Apr 25, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $178 → $181 | Hold | Maintains | $178 → $181 | -0.65% | Apr 24, 2024 |
| Wedbush | Wedbush | Buy Reiterates $195 | Buy | Reiterates | $195 | +7.03% | Apr 23, 2024 |
| Barclays | Barclays | Buy Maintains $183 → $184 | Buy | Maintains | $183 → $184 | +0.99% | Apr 12, 2024 |
Financial Forecast
Revenue This Year
Increased by 4.64%
from 91.47B
Revenue Next Year
100.24B
from 95.72B
Increased by 4.72%
from 95.72B
EPS This Year
8.23
from 6.56
Increased by 25.53%
from 6.56
EPS Next Year
8.90
from 8.23
Increased by 8.13%
from 8.23
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 67.16B | 70.37B | 79.47B | 86.39B | 91.47B | 95.72B | 100.24B | 104.86B | 109.86B | 115.48B |
| Revenue Growth | 3.87% | 4.78% | 12.93% | 8.70% | 5.88% | 4.64% | 4.72% | 4.61% | 4.77% | 5.11% |
| EPS | 5.20 | 5.12 | 5.49 | 6.42 | 6.56 | 8.23 | 8.90 | 9.53 | 10.12 | 10.87 |
| EPS Growth | -40.77% | -1.54% | 7.23% | 16.94% | 2.18% | 25.53% | 8.13% | 7.06% | 6.17% | 7.35% |
| No. Analysts | - | - | - | - | - | 23 | 22 | 15 | 4 | 4 |
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 | 115.6B | 121.5B |
| Avg | 95.7B | 100.2B | 104.9B | 109.9B | 115.5B |
| Low | 92.0B | 95.8B | 99.6B | 104.1B | 109.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.2% | 10.3% | 10.6% | 10.2% | 10.6% |
| Avg | 4.6% | 4.7% | 4.6% | 4.8% | 5.1% |
| Low | 0.6% | 0.1% | -0.6% | -0.8% | -0.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.61 | 9.45 | 10.11 | 10.68 | 11.43 |
| Avg | 8.23 | 8.90 | 9.53 | 10.12 | 10.87 |
| Low | 7.96 | 8.45 | 8.96 | 9.68 | 10.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 31.3% | 14.8% | 13.5% | 12.0% | 13.0% |
| Avg | 25.5% | 8.1% | 7.1% | 6.2% | 7.4% |
| Low | 21.3% | 2.6% | 0.7% | 1.6% | 2.2% |
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.
