Key Highlights

● PEP closed at $125.97 on 9 October 2026.

● Market data consensus target is $145.85 from 20 analysts.

● The second data set shows a mean of $143.05 and a median of $143.

● Piper Sandler lowered its target from $176 to $140.

Shares of PepsiCo (NASDAQ:PEP), a constituent of both the S&P 500 and the Nasdaq-100, closed at $125.97 on Friday 9 October 2026. Analyst targets sit well above that level. Recent broker revisions have mostly been downward.

What Is the Latest Analyst Price Target?

Market data shows a consensus target of $145.85 from 20 analysts, with a high of $176 and a low of $132. The second data set, using third-party data, shows a mean of $143.05, a median of $143, a high of $169 and a low of $124 from 24 analysts. Market data's figure would imply about 15.8%, but its $176 high matches Piper Sandler's previous target, which was cut to $140 on 9 October.

What Are Wall Street Analysts Saying?

Market data records five Buy, 14 Hold and one Sell rating, a Hold consensus, and reports three downgrades in the previous 90 days. The second data set shows six Buy or Strong Buy, 17 Hold and one Strong Sell.

Broker activity has been heavy and mostly negative on targets. On 9 October Piper Sandler lowered its target from $176 to $140, JPMorgan from $138 to $137 and BNP Paribas Exane from $161 to $157, while Morgan Stanley set $145 and Deutsche Bank reiterated Hold at $132. Goldman Sachs reiterated Buy with a $165 target on 8 October. Royal Bank of Canada cut its target from $161 to $150 on 6 October, Wells Fargo from $140 to $135 on 5 October, and UBS from $159 to $145 on 2 October. Evercore cut from $150 to $135, Barclays from $142 to $133 and TD Cowen from $145 to $133 in the last days of September.

What Could Help the Stock Reach the Price Target?

Market data cites earnings per share of $2.34 against $2.29 expected, revenue of $25.27 billion and operating profit up 19%. The shares currently sit below every named target on market data's list, so a recovery in sentiment would be needed for the consensus to be borne out.

What Could Prevent the Stock Reaching the Target?

Market data says the full-year core earnings growth outlook was lowered to roughly 1% to 2%, citing higher costs and margin pressure, particularly in North America. That would explain the cluster of target cuts. Further reductions are possible if cost inflation, weaker volumes or pricing pressure persist, and a Hold-heavy panel signals limited conviction.

What Should Investors Watch Next?

Updates on the company's outlook, any announcement from the strategic review and further broker revisions are likely to matter.

PepsiCo and the Gap to Analyst Targets

PepsiCo closed at $125.97 on 9 October 2026, against a market data consensus target of $145.85. On 9 October Piper Sandler lowered its target from $176 to $140, JPMorgan from $138 to $137 and BNP Paribas Exane from $161 to $157, while Morgan Stanley set $145 and Deutsche Bank reiterated Hold at $132.