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 , Jefferies Financial Group , JPMorgan Chase & Co. , Royal Bank Of Canada , TD Cowen , The Goldman Sachs Group , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$128.34 +4.61 (+3.73%)

Closing price 10/8/2026 04:00 PM Eastern

Extended Trading

$128.00 -0.34 (-0.26%)

As of 07:31 AM Eastern

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

Consensus Rating

Hold

Based on 20 Analyst Ratings

Sell
1

Hold
13

Buy
6

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, 13 have given a hold rating, and 6 have given a buy rating for PEP.

Consensus Price Target

$149.30
16.33% Upside

According to the 20 analysts' twelve-month price targets for PepsiCo, the average price target is $149.30. The highest price target for PEP is $176.00, while the lowest price target for PEP is $132.00. The average price target represents a forecasted upside of 16.33% from the current price of $128.34.

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 10/9/25 to 10/9/26	1 Month Ago 9/9/25 to 9/9/26	3 Months Ago 7/11/25 to 7/11/26	1 Year Ago 10/9/24 to 10/9/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	4 Buy rating(s)
Hold	13 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)	12 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$149.30	$157.90	$157.70	$158.00
Forecasted Upside	16.33% Upside	15.52% Upside	14.79% Upside	9.18% 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	2.20	2.22	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	16.33% Upside	166.63% Upside	19.64% Upside
News Sentiment Rating	Neutral News See Recent PEP News	Neutral News	Neutral News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/8/2026	The Goldman Sachs Group 3 of 5 stars	Bonnie Herzog 3 of 5 stars	Reiterated Rating	Buy	$165.00	+28.56%
10/8/2026	Jefferies Financial Group 3 of 5 stars	Kaumil Gajrawala 1 of 5 stars	Reiterated Rating	Hold
10/6/2026	Royal Bank Of Canada 3 of 5 stars	Nik Modi 2 of 5 stars	Lower Target	Sector Perform	$161.00 ➝ $150.00	+19.38%
10/5/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Carey Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$140.00 ➝ $135.00	+8.19%
10/2/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Grom Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$159.00 ➝ $145.00	+15.61%
9/30/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		$150.00 ➝ $135.00	+4.90%
9/30/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Lauren Lieberman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$142.00 ➝ $133.00	+3.35%
9/29/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrea Teixeira Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$170.00 ➝ $138.00	+7.39%
9/28/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robert Moskow Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$145.00 ➝ $133.00	+3.40%
9/28/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steve Powers Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold	$155.00 ➝ $138.00	+7.28%
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.
9/24/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold (C) ➝ Hold (C-)
9/24/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Filippo Falorni Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$145.00 ➝ $142.00	+9.08%
9/23/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kevin Grundy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$183.00 ➝ $161.00	+23.94%
7/10/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dara Mohsenian Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$180.00 ➝ $160.00	+16.06%
7/10/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Cristian Rios Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$134.00	-2.80%
7/9/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Lavery Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$176.00	+27.67%
6/25/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bryan Spillane Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$173.00 ➝ $164.00	+15.27%
5/11/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$130.00 ➝ $132.00	-14.63%
4/17/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$175.00 ➝ $176.00	+11.13%
2/17/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
10/23/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Georgy Vashchenko Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$164.00	+8.49%
10/21/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$167.00	+8.70%
5/9/2025	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Z. Chee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
2/7/2025	CICC Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jiayuan Huang Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform ➝ Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:31 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, October 8, 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 $128.34, a level that reflects a significant discount to its 52-week high of $171.48, offering a potential entry point for value-oriented investors seeking exposure to a stable consumer staple.
The company recently reported third-quarter earnings of $2.34 per share, which exceeded the consensus estimate of $2.29, demonstrating the ability to deliver profitability above expectations despite broader economic headwinds.
Revenue for the most recent quarter reached $25.27 billion, surpassing the consensus estimate of $24.95 billion and marking a 5.6% year-over-year increase, driven by strong international performance and pricing strategies.
Investors can benefit from a high dividend yield of 4.71%, supported by a payout ratio of 77.59% and a commitment to return approximately $8.9 billion to shareholders through dividends and buybacks this year.
Operating profit increased by 19% to $4.26 billion in the latest quarter, indicating improved operational efficiency and margin expansion that supports the company's financial health.

PepsiCo
Bear Case

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

PepsiCo has lowered its full-year fiscal 2026 core earnings-growth outlook to approximately 1% to 2%, citing higher costs and margin pressure, particularly in the North American market.
North American soda volumes have declined, with analysts warning that the company is losing market share to competitor Coca-Cola due to shifting consumer preferences and cost-consciousness.
The company is facing significant cost pressures, including inflation and tariff impacts, which have led to plans for price hikes on products like Doritos and sodas, potentially alienating price-sensitive consumers.
Management is evaluating strategic options, including a potential business split, to address North American challenges, introducing uncertainty regarding the company's long-term structure and operational focus.
The stock has experienced a significant decline from its 52-week high, with the current price of $128.34 sitting near the 52-week low of $123.47, reflecting sustained investor skepticism about the company's growth trajectory.

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 $149.30, with a high forecast of $176.00 and a low forecast of $132.00.

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PepsiCo in the last year. There is currently 1 sell rating, 13 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 16.33% based on their 12-month stock forecasts.

Over the previous 90 days, PepsiCo's stock had 3 downgrades by analysts.

PepsiCo has been rated by research analysts at Barclays, BNP Paribas Exane, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Royal Bank Of Canada, 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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Brokerages With PepsiCo Recommendations

MarketBeat monitors more than a dozen sources for PepsiCo analyst ratings, with the most recent rating issued on 10/8/2026.

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PepsiCo (PEP) Stock Forecast & Price Target