These Analysts Slash Their Forecasts On PepsiCo Following Q2 Results
PepsiCo, Inc. (NASDAQ: PEP ) on Thursday reported mixed second- quarter results. Net revenue rose 6.4% year over year to $24.18 billion, beating the $23.96 billion analyst estimate. Core EPS increased 4% to $2.20, missing the $2.21 estimate, while GAAP EPS rose 137% to $2.18. PepsiCo anticipates higher input cost inflation in the second half of 2026. PepsiCo reaffirmed its fiscal 2026 guidance, projecting organic revenue growth of 2% to 4% and core constant currency EPS growth of 4% to 6%. PepsiCo shares fell 0.6% to $137.10 in pre-market trading. These analysts made changes to their price targets on PepsiCo following earnings announcement. Citigroup analyst Filippo Falorni downgraded the stock from Buy to Neutral and lowered the price target from $170 to $145. Wells Fargo analyst Chris Carey maintained the stock with an Equal-Weight rating and lowered the price target from $150 to $1...
PepsiCo, Inc. (NASDAQ: PEP ) on Thursday reported mixed second- quarter results.
Net revenue rose 6.4% year over year to $24.18 billion, beating the $23.96 billion analyst estimate.
Core EPS increased 4% to $2.20, missing the $2.21 estimate, while GAAP EPS rose 137% to $2.18.
PepsiCo anticipates higher input cost inflation in the second half of 2026.
PepsiCo reaffirmed its fiscal 2026 guidance, projecting organic revenue growth of 2% to 4% and core constant currency EPS growth of 4% to 6%.
PepsiCo shares fell 0.6% to $137.10 in pre-market trading.
These analysts made changes to their price targets on PepsiCo following earnings announcement.
Citigroup analyst Filippo Falorni downgraded the stock from Buy to Neutral and lowered the price target from $170 to $145.
Wells Fargo analyst Chris Carey maintained the stock with an Equal-Weight rating and lowered the price target from $150 to $140.
Considering buying PEP stock? Here’s what analysts think: Photo via Shutterstock