An analyst from JPMorgan, Andrea Teixeira, has adjusted the price target for PepsiCo (PEP, Financial), reducing it from $150 to $139. Despite maintaining a Neutral rating on the stock, the adjustment comes ahead of the company's Q2 earnings report scheduled for July 17. The revision reflects subdued consumer demand trends currently affecting the company. While expectations remain modest for PepsiCo, the lack of immediate growth triggers poses a challenge, according to the analysis provided in a recent investor note.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for PepsiCo Inc (PEP, Financial) is $148.11 with a high estimate of $169.00 and a low estimate of $110.00. The average target implies an upside of 10.14% from the current price of $134.48. More detailed estimate data can be found on the PepsiCo Inc (PEP) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, PepsiCo Inc's (PEP, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for PepsiCo Inc (PEP, Financial) in one year is $180.74, suggesting a upside of 34.4% from the current price of $134.48. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the PepsiCo Inc (PEP) Summary page.
