These Analysts Raise Their Forecasts On PepsiCo Following Strong Q2 Results
Portfolio Pulse from Lisa Levin
PepsiCo Inc reported better-than-expected Q2 FY23 results, with sales growth of 10.4% YoY to $22.32 billion, beating the analyst consensus. The company also raised its FY23 organic revenue growth outlook to 10%. Following the announcement, several analysts including Wedbush, Argus Research, Deutsche Bank, and Evercore ISI Group raised their price targets on PepsiCo.
July 14, 2023 | 5:01 pm
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PepsiCo's better-than-expected Q2 results and raised FY23 outlook led to several analysts raising their price targets on the company.
PepsiCo's strong Q2 results and raised FY23 outlook are positive indicators of the company's performance and future prospects. This has led to increased confidence among analysts, as reflected in their raised price targets. This is likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100