Pepsi Stock Chart Looks Bullish Ahead Of Q1 Earnings, But Analysts Are Cautious (CORRECTED)
Portfolio Pulse from Surbhi Jain
PepsiCo Inc (NASDAQ:PEP) is set to report its Q1 earnings on April 23, with Wall Street expecting $1.52 EPS and $18.12 billion in revenues. Despite a 5.73% decline over the past year, PEP's stock has risen 2.53% YTD and shows bullish signals with its price above key moving averages and positive technical indicators. However, analysts are cautious, with a consensus rating of Buy and a price target of $156.33, suggesting a potential downside.
April 22, 2024 | 3:27 pm
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PepsiCo Inc shows bullish technical signals ahead of its Q1 earnings report, but analysts remain cautious with a lower price target.
PepsiCo's stock is showing bullish technical indicators, suggesting potential for short-term gains. However, the cautious stance from analysts, reflected in their lower price target, could temper investor enthusiasm. The discrepancy between technical indicators and analyst expectations creates uncertainty, leading to a neutral short-term impact score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100