PepsiCo (PEP) Stock Forecast & Price Target

$175.21

-0.64 (-0.36%)

(As of 08/21/2024 ET)

PepsiCo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for PepsiCo in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 7 have given a hold rating, and 7 have given a buy rating for PEP.

Consensus Price Target

$185.53
5.89% Upside

High Forecast	$200.00
Average Forecast	$185.53
Low Forecast	$170.00

According to the 14 analysts' twelve-month price targets for PepsiCo, the average price target is $185.53. The highest price target for PEP is $200.00, while the lowest price target for PEP is $170.00. The average price target represents a forecasted upside of 5.89% from the current price of $175.21.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$185.53	$185.53	$187.58	$192.00
Forecasted Upside	5.89% Upside	10.80% Upside	10.05% Upside	5.35% Upside

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PEP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PEP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

PepsiCo Stock vs. The Competition

Type	PepsiCo	Consumer Staples Companies	S&P 500
Consensus Rating Score	2.50	2.44	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	5.89% Upside	746.12% Upside	8.75% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/19/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$179.00 ➝ $187.00	+10.50%
7/19/2024	DZ Bank 4 of 5 stars		Downgrade	Buy ➝ Hold	$183.00	+7.41%
7/12/2024	Morgan Stanley 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$190.00 ➝ $185.00	+10.24%
7/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$184.00 ➝ $182.00	+9.11%
7/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$180.00 ➝ $177.00	+6.01%
7/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$175.00 ➝ $170.00	+4.78%
Get the Latest News and Ratings for PEP and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for PepsiCo and its competitors with MarketBeat's FREE daily newsletter.
7/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$210.00 ➝ $200.00	+23.44%
7/8/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$210.00 ➝ $190.00	+16.79%
7/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$200.00 ➝ $190.00	+16.15%
6/24/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Grundy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$174.00	+4.02%
4/23/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$195.00	+10.51%
4/3/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$180.00 ➝ $195.00	+16.30%
2/9/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$181.00 ➝ $184.00	+5.41%
10/3/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$195.00 ➝ $185.00	+9.63%
4/6/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$195.00 ➝ $205.00	+11.20%
3/20/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
2/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$175.00 ➝ $182.00	+5.34%
11/4/2022	Redburn Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Charlie Higgs Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sell	$141.00	-20.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:34 AM ET.

PEP Forecast - Frequently Asked Questions

What is PepsiCo's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for PepsiCo is $185.53, with a high forecast of $200.00 and a low forecast of $170.00.
Should I buy or sell PepsiCo stock right now?: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PepsiCo in the last twelve months. There are currently 7 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PEP shares.
Does PepsiCo's stock price have much upside?: According to analysts, PepsiCo's stock has a predicted upside of 10.80% based on their 12-month stock forecasts.
Has PepsiCo been downgraded by Wall Street analysts recently?: Over the previous 90 days, PepsiCo's stock had 1 downgrade by analysts.
What analysts cover PepsiCo?: PepsiCo has been rated by research analysts at Bank of America, Barclays, BNP Paribas, DZ Bank, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Royal Bank of Canada, TD Cowen, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like PepsiCo more than its competitors?: Analysts like PepsiCo more than other "consumer staples" companies. The consensus rating for PepsiCo is Moderate Buy while the average consensus rating for "consumer staples" companies is Hold. Learn more on how PEP compares to other companies.