PepsiCo Inc (Symbol: PEP) has seen its shares rise to $166.00, surpassing the average analyst 12-month target price of $165.77 as of October 2023. This movement raises questions about potential analyst reactions—whether they will downgrade on valuation or adjust their target price higher. The average target is based on contributions from 13 analysts, with a range between $136.00 and $185.00 and a standard deviation of $12.014.
Currently, there are 8 strong buy ratings, 5 hold ratings, and 1 strong sell among analysts covering PepsiCo, reflecting an average rating of 2.0 on a scale where 1 is a strong buy and 5 is a strong sell. This data indicates a generally positive outlook for the stock, although investor contemplation about future movements may be warranted.
