What is PEP stock price target for 2026?

WallStSmart's 12-month price target for PepsiCo Inc is $151.61, representing 4.3% downside from the current price of $158.49.

What is PEP stock forecast?

PepsiCo Inc forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is PEP undervalued based on price targets?

Our DCF intrinsic value for PepsiCo Inc is $154.87, against a current price of $158.49. The margin of safety is -2.34%.

PEP

PepsiCo Inc

NASDAQ: PEP · CONSUMER DEFENSIVE · BEVERAGES - NON-ALCOHOLIC

$158.49

+2.06% today

Updated 2026-04-30

Market cap

$212.27B

P/E ratio

24.38

P/S ratio

2.22x

EPS (TTM)

$6.37

Dividend yield

3.64%

52W range

$123 – $170

Volume

6.3M

Market cap

$212.27B

P/E ratio

24.38

P/S ratio

2.22x

EPS (TTM)

$6.37

Dividend yield

3.64%

52W range

$123 – $170

Volume

6.3M

PepsiCo Inc (PEP) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$158.49

Consensus

$162.36

+2.44%

2030 Target

$1,036.27

+553.84%

DCF

$154.87

-2.34% MoS

Current price

$158.49

Analyst consensus

$162.36

+2.44%

2030 Target

$1,036.27

+553.84%

Intrinsic (DCF)

$154.87

-2.34% MoS

14 analysts:

4 Buy8 Hold1 Sell

Management guidance

PepsiCo management guided to low-single-digit organic sales growth in 2026, with acceleration anticipated in the latter half of 2026. The company is transitioning from price-led to volume-driven recovery focused on affordability and innovation. No specific revenue dollar targets provided by CEO for 2026-2030.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$1,711.41

$115.6B Rev × 20x P/S

Base case (2030)

$1,036.27

$115.6B Rev × 12x P/S

Bear case (2030)

$690.84

$115.6B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$91.5B	$91.9B	$93.9B	$99.5B	$102.6B	$106.7B	$111.1B	$115.6B
Revenue growth	—	0.4%	2.3%	5.9%	3.2%	4.0%	4.0%	4.1%
EPS	$7.62	$8.16	$8.15	$8.71	$9.30	$9.89	$10.56	$11.28
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$879.26	$910.66	$957.76	$989.16	$1,036.27

Catalysts & risks

Growth catalysts

+ Volume-driven recovery strategy focusing on affordability and innovation in snacks/beverages

+ Strategic brand restages (Gatorade lower sugar, Doritos protein, Good Warrior meat sticks) driving premiumization and adjacency expansion

+ International growth acceleration, particularly in emerging markets with strong margin profiles

+ Operating margin expansion from 15.5% baseline toward 16-17% through efficiency gains and product mix improvement

Key risks

- North American volume weakness persisting longer than expected despite pricing investments and innovation

- Consumer trade-down pressures intensifying amid macroeconomic uncertainty and GLP-1 drug adoption impact on snack/beverage consumption

- Commodity cost inflation and currency headwinds in emerging markets offsetting pricing benefits

- Market share losses to smaller, faster-growing brands (Celsius, Poppi gaining share in energy drinks and functional beverages)

Methodology

PepsiCo Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 14 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.