The latest price target for PepsiCo (NASDAQ:PEP) was reported by Wells Fargo on May 18, 2026. The analyst firm set a price target for $160.00 expecting PEP to rise to within 12 months (a possible 7.72% upside). 34 analyst firms have reported ratings in the last year.

The latest analyst rating for PepsiCo (NASDAQ:PEP) was provided by Wells Fargo, and PepsiCo maintained their equal-weight rating.

The last upgrade for PepsiCo Inc happened on December 10, 2025 when JP Morgan raised their price target to $164. JP Morgan previously had a neutral for PepsiCo Inc.

The last downgrade for PepsiCo Inc happened on October 23, 2025 when Freedom Broker changed their price target from $170 to $164 for PepsiCo Inc.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of PepsiCo, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for PepsiCo was filed on May 18, 2026 so you should expect the next rating to be made available sometime around May 18, 2027.

While ratings are subjective and will change, the latest PepsiCo (PEP) rating was a maintained with a price target of $165.00 to $160.00. The current price PepsiCo (PEP) is trading at is $148.54, which is out of the analyst’s predicted range.