PepsiCo Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

PepsiCo, Inc. PEP is expected to report its second quarter 2023 financial results before the opening bell on July 13, 2023.

Analysts expect the company to post quarterly earnings at $1.95 per share, up from year-ago earnings of $1.86 per share. The company’s revenue might come in at $19.79 billion.

PepsiCo shares rose 0.7% to close at $184.30 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Barclays analyst Lauren Lieberman maintained an Overweight rating and cut the price target from $206 to $198 on July 10, 2023. This analyst sees around 7% upside in the company’s stock and has an accuracy rate of 60%.
• Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating and raised the price target from $200 to $210 on April 26, 2023. This analyst sees around 14% upside in the company’s stock and has an accuracy rate of 75%.
• Deutsche Bank analyst Steve Powers maintained a Hold rating and increased the price target from $186 to $188 on March 20, 2023. This analyst sees around 2% upside in the company’s stock and has an accuracy rate of 74%.
• Bernstein analyst Callum Elliott upgraded the stock from Underperform to Market Perform on March 20, 2023. This analyst has an accuracy rate of 65%.
• Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and boosted the price target from $187 to $190 on Feb. 8, 2023. This analyst sees around 3% upside in the company’s stock and has an accuracy rate of 64%.

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