PepsiCo Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
PepsiCo, Inc. (NASDAQ:PEP) is expected to report higher Q2 2023 earnings of $1.95 per share, up from $1.86 per share a year ago. The company's revenue is projected to be $19.79 billion. PepsiCo shares rose 0.7% to close at $184.30 on Monday. Several analysts have recently adjusted their price targets for the company, with the most optimistic target set at $210 by Morgan Stanley.
July 11, 2023 | 1:02 pm
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PepsiCo is expected to report higher Q2 2023 earnings. The company's shares rose 0.7% recently. Analysts have adjusted their price targets, with the highest at $210.
The news of expected higher earnings for Q2 2023 is positive for PepsiCo. The recent rise in share price and the adjusted price targets by analysts, especially the highest target of $210, indicate a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100