PepsiCo (PEP) Stock Forecast & Price Target

$136.30 -0.35 (-0.26%)

Closing price 04:00 PM Eastern

Extended Trading

$136.46 +0.16 (+0.11%)

As of 05:00 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
12

Buy
7

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, 12 have given a hold rating, and 7 have given a buy rating for PEP.

Consensus Price Target

$157.90
15.85% Upside

According to the 20 analysts' twelve-month price targets for PepsiCo, the average price target is $157.90. The highest price target for PEP is $183.00, while the lowest price target for PEP is $132.00. The average price target represents a forecasted upside of 15.85% from the current price of $136.30.

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 9/11/25 to 9/11/26	1 Month Ago 8/12/25 to 8/12/26	3 Months Ago 6/13/25 to 6/13/26	1 Year Ago 9/11/24 to 9/11/25
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)	8 Buy rating(s)	4 Buy rating(s)
Hold	12 Hold rating(s)	12 Hold rating(s)	11 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	$157.90	$157.90	$167.35	$158.67
Forecasted Upside	15.85% Upside	13.84% Upside	16.00% Upside	10.01% 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	2.30	2.22	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	15.97% Upside	146.65% Upside	16.23% Upside
News Sentiment Rating	Positive News See Recent PEP News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/28/2026	TD Cowen 3 of 5 stars	Robert Moskow Not Rated	Reiterated Rating	Hold
7/21/2026	Barclays 3 of 5 stars	Lauren Lieberman 2 of 5 stars	Boost Target	Equal Weight	$138.00 ➝ $142.00	+4.83%
7/10/2026	Deutsche Bank Aktiengesellschaft 2 of 5 stars	Steve Powers 3 of 5 stars	Set Target		$155.00	+12.85%
7/10/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kaumil Gajrawala Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Hold	$162.00 ➝ $152.00	+10.93%
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	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	Downgrade	Buy ➝ Neutral	$170.00 ➝ $145.00	+5.18%
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%
7/10/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nik Modi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$163.00 ➝ $161.00	+18.03%
7/10/2026	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	$150.00 ➝ $140.00	+1.55%
7/9/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$150.00	+8.81%
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.
7/9/2026	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%
7/9/2026	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	Set Target		$159.00	+15.30%
7/8/2026	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	$195.00 ➝ $183.00	+26.56%
7/6/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C)
7/1/2026	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	Lower Target	Overweight	$178.00 ➝ $170.00	+25.55%
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	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$180.00 ➝ $183.00	+15.54%
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 04:56 PM 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 Tuesday, September 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 is currently trading at $138.45, which is near its 52-week low of $133.73, offering a potential entry point for value-oriented investors who believe the market has overreacted to recent challenges.
The company offers a high dividend yield of 4.30%, with a quarterly payout of $1.48 per share, providing a substantial income stream that is attractive to investors seeking stable cash flow in a volatile market.
PepsiCo is aggressively pivoting toward a $271 billion fresh-food market to counter the impact of GLP-1 drugs on snack demand, signaling a strategic shift toward healthier, less-processed products that align with changing consumer preferences.
Recent earnings reports show strong performance, with Q2 revenue of $24.18 billion beating estimates and EPS of $2.20 exceeding consensus, indicating that the company is successfully driving volume gains through international demand and innovation.
Major institutional investors, including the Virginia Retirement Systems and California State Teachers Retirement System, have recently increased their stakes in PepsiCo, suggesting confidence in the company's long-term stability and growth potential.

PepsiCo
Bear Case

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

The stock has significantly underperformed the broader market over the past five years, with a 52-week high of $171.48 indicating a substantial decline from peak valuations, which may deter growth-focused investors.
Reports of damage to a Ukrainian production facility and softer North American demand raise concerns about near-term sales, cost pressures, and execution risks that could impact profitability.
The company's debt-to-equity ratio of 1.91 is relatively high, which could limit financial flexibility and increase vulnerability to rising interest rates or economic downturns.
Analysts have a consensus rating of "Hold" with an average price target of $157.90, suggesting limited upside potential in the near term and a lack of strong bullish conviction among Wall Street professionals.
Short interest has increased in recent months, with 23.5 million shares shorted as of August 2026, indicating that a significant portion of the market is betting against the stock's future performance.

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 $157.90, with a high forecast of $183.00 and a low forecast of $132.00.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PepsiCo in the last twelve months. There is currently 1 sell rating, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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 15.85% based on their 12-month stock forecasts.

Over the previous 90 days, PepsiCo's stock had 1 downgrade by analysts.

PepsiCo has been rated by research analysts at Bank of America, Barclays, BNP Paribas Exane, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Royal Bank Of Canada, Sanford C. Bernstein, TD Cowen, 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 2.30 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 8/28/2026.

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PepsiCo (PEP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

PEP Analyst Ratings Over Time

PEP Analyst Recommendations By Month

PEP Price Targets by Month

PepsiCo Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy PepsiCo Stock? PEP Pros and Cons Explained

PepsiCo
Bull Case

PepsiCo
Bear Case

PEP Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With PepsiCo Recommendations

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PepsiCo (PEP) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

PEP Analyst Ratings Over Time

PEP Analyst Recommendations By Month

PEP Price Targets by Month

PepsiCo Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy PepsiCo Stock? PEP Pros and Cons Explained

PepsiCo Bull Case

PepsiCo Bear Case

PEP Forecast - Frequently Asked Questions

What is PepsiCo's forecast for 2026?

Should I buy or sell PepsiCo stock right now?

Does PepsiCo's stock price have much upside?

Has PepsiCo been downgraded by Wall Street analysts recently?

What analysts cover PepsiCo?

Do Wall Street analysts like PepsiCo more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With PepsiCo Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

PepsiCo
Bull Case

PepsiCo
Bear Case