PepsiCo (PEP) Stock Forecast & Price Target

Q: What analysts cover PepsiCo?

PepsiCo has been rated by research analysts at Barclays , BNP Paribas Exane , Citigroup , Deutsche Bank Aktiengesellschaft , Evercore , Freedom Broker , Jefferies Financial Group , JPMorgan Chase & Co. , Morgan Stanley , Piper Sandler , Royal Bank Of Canada , Sanford C. Bernstein , TD Cowen , The Goldman Sachs Group , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$141.34 -1.37 (-0.96%)

Closing price 11/6/2026 04:00 PM Eastern

Extended Trading

$140.78 -0.56 (-0.40%)

As of 11/6/2026 07:59 PM Eastern

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PepsiCo - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
1

Hold
14

Buy
5

Based on 20 Wall Street analysts who have issued ratings for PepsiCo in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 1 has given a sell rating, 14 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for PEP.

Consensus Price Target

$143.28
1.37% Upside

According to the 20 analysts' twelve-month price targets for PepsiCo, the average price target is $143.28. The highest price target for PEP is $176.00, while the lowest price target for PEP is $126.00. The average price target represents a forecasted upside of 1.37% from the current price of $141.34.

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.

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PEP Analyst Ratings Over Time

Type	Current Forecast 11/8/25 to 11/8/26	1 Month Ago 10/9/25 to 10/9/26	3 Months Ago 8/10/25 to 8/10/26	1 Year Ago 11/8/24 to 11/8/25
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)
Hold	14 Hold rating(s)	14 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$143.28	$148.70	$157.90	$156.79
Forecasted Upside	1.37% Upside	18.04% Upside	14.64% Upside	9.68% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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	Broader Market
Consensus Rating Score	2.25	2.22	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	1.37% Upside	36.89% Upside	17.15% Upside
News Sentiment Rating	Positive News See Recent PEP News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/12/2026	Barclays 3 of 5 stars	Lauren Lieberman 2 of 5 stars	Lower Target	Equal Weight	$133.00 ➝ $126.00	-0.56%
10/10/2026	Freedom Broker Not Rated		Upgrade	Hold ➝ Strong-Buy
10/9/2026	Morgan Stanley 3 of 5 stars	Dara Mohsenian 3 of 5 stars	Set Target		$145.00	+15.30%
10/9/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Cristian Rios Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Market Perform
10/9/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access to unlock brokerage rankings	Steve Powers Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold	$132.00	+4.78%
10/9/2026	Piper Sandler Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Lavery Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$176.00 ➝ $140.00	+11.26%
10/9/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings	Filippo Falorni Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy
10/9/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings	Andrea Teixeira Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$138.00 ➝ $137.00	+8.74%
10/9/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings	Kevin Grundy Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$161.00 ➝ $157.00	+24.59%
10/8/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Bonnie Herzog Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Buy	$165.00	+28.56%
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10/8/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Kaumil Gajrawala Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Hold
10/6/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Nik Modi Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Sector Perform	$161.00 ➝ $150.00	+19.38%
10/5/2026	Wells Fargo & Company Subscribe to MarketBeat All Access to unlock brokerage rankings	Chris Carey Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Equal Weight	$140.00 ➝ $135.00	+8.19%
10/2/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Peter Grom Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$159.00 ➝ $145.00	+15.61%
9/30/2026	Evercore Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target		$150.00 ➝ $135.00	+4.90%
9/28/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings	Robert Moskow Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Hold	$145.00 ➝ $133.00	+3.40%
9/24/2026	Weiss Ratings Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Hold (C) ➝ Hold (C-)
6/25/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Bryan Spillane Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Neutral	$173.00 ➝ $164.00	+15.27%
5/11/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target		$130.00 ➝ $132.00	-14.63%
4/17/2026	HSBC Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Hold	$175.00 ➝ $176.00	+11.13%
2/17/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold
10/23/2025	Loop Capital Subscribe to MarketBeat All Access to unlock brokerage rankings	Georgy Vashchenko Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$164.00	+8.49%
10/21/2025	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Hold ➝ Buy	$167.00	+8.70%
5/9/2025	Dbs Bank Subscribe to MarketBeat All Access to unlock brokerage rankings	Z. Chee Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Strong-Buy ➝ Hold
2/7/2025	CICC Research Subscribe to MarketBeat All Access to unlock brokerage rankings	Jiayuan Huang Subscribe to MarketBeat All Access to unlock analyst rankings	Reiterated Rating	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 06:59 AM ET.

Should I Buy PepsiCo Stock? PEP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 5, 2026. Please send any questions or comments about these PepsiCo pros and cons to contact@marketbeat.com.

PepsiCo
Bull Case

Here are some ways that investors could benefit from investing in PepsiCo:

PepsiCo shares are currently trading at $142.71, which is significantly below the 52-week high of $171.48, presenting a potential value opportunity for investors seeking exposure to a stable consumer staples company at a discounted price relative to its recent peak.
The company offers a compelling dividend yield of 4.22%, which is attractive for income-focused investors, especially given that PepsiCo is recognized as a Dividend Aristocrat with a long history of consistently raising its payouts.
Recent financial results show strong international growth and productivity savings that are helping to support the business, with the company reporting revenue of $25.27 billion in the most recent quarter, beating the consensus estimate of $24.95 billion.
PepsiCo's snack pricing and affordability measures are reportedly helping to drive volume gains and stronger consumer demand, which could support sales even as the company navigates higher costs and margin pressures.
An expanded beverage partnership with Taco Bell preserves PepsiCo’s exclusive supplier role and adds new distribution opportunities for products including Mountain Dew Baja Blast, along with plans for new functional and energy drinks.

PepsiCo
Bear Case

Investors should be bearish about investing in PepsiCo for these reasons:

PepsiCo has lowered its 2026 EPS outlook due to persistent margin pressures in North America, which is a key market for the company and could limit overall earnings growth despite international strength.
The company faces regulatory and reputational risks in India, where the food regulator has accused PepsiCo of marketing products with an “energy drink” label to mislead consumers, which could lead to legal challenges or brand damage in that region.
Analysts have recently lowered price targets, with Barclays cutting its target from $133.00 to $126.00 and TD Cowen lowering its target from $145.00 to $133.00, reflecting a cautious outlook on the stock's near-term performance.
CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in late October 2026, a transaction that may signal insider caution or a desire to diversify holdings, which some investors interpret as a negative signal.
The company's debt-to-equity ratio stands at 1.90, indicating a relatively high level of leverage that could constrain financial flexibility or increase risk if interest rates remain elevated or economic conditions deteriorate.

PEP Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for PepsiCo is $143.28, with a high forecast of $176.00 and a low forecast of $126.00.

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PepsiCo in the last year. There is currently 1 sell rating, 14 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PEP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PEP, but not buy additional shares or sell existing shares.

According to analysts, PepsiCo's stock has a predicted upside of 1.37% based on their 12-month stock forecasts.

Over the previous 90 days, PepsiCo's stock had 4 downgrades and 1 upgrade by analysts.

PepsiCo has been rated by research analysts at Barclays, BNP Paribas Exane, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore, Freedom Broker, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Royal Bank Of Canada, Sanford C. Bernstein, TD Cowen, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like PepsiCo more than other "consumer staples" companies. The consensus rating score for PepsiCo is 2.25 while the average consensus rating score for "consumer staples" companies is 2.22. Learn more on how PEP compares to other companies.

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MarketBeat monitors more than a dozen sources for PepsiCo analyst ratings, with the most recent rating issued on 10/12/2026.

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PepsiCo (PEP) Stock Forecast & Price Target