Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTVandita JadejaTue, June 23, 2026 at 4:44 PM GMT+2 4 min readQuick ReadPEP trades at $142, implying ~20% upside to the $170.18 price target, supported by strong Q1 revenue growth and 90% model confidence.Piper Sandler rates PEP Overweight at $178, and a $10 billion buyback plus 54 consecutive dividend hikes bolster the 2027 bull case.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and PepsiCo didn't make the cut. Grab the names FREE today.The headline number for this article is $180, and I want to address it head on before anyone scrolls further.jetcityimage / iStock Editorial via Getty ImagesOur proprietary 24/7 Wall St. price target for PepsiCo (NASDAQ:PEP) is $170.18 over the next 12 months, with a clear path to $180 in the bull case as the World Cup activation, productivity savings, and convenient foods recovery compound through 2027. With shares at $142.02, that base case implies 19.83% upside.MetricValueCurrent Price$142.0224/7 Wall St. Price Target$170.18Upside19.83%Research ViewConstructiveConfidence Level90%A Defensive Name That Just Went on SalePEP has fallen 4.42% over the past 30 days and 1.19% in the last week, partly reflecting hawkish Fed commentary that dimmed appetite for dividend stocks. Zooming out, shares are up 14.55% over the past year and Pepsi remains a Consumer Defensive anchor with a beta of 0.359.Q1 FY2026 delivered core EPS of $1.61 on revenue of $19.44 billion, a 8.5% year-over-year gain. Operating margin expanded 210 basis points to 16.5%, and management reaffirmed full-year organic revenue growth of 2% to 4%. The next earnings catalyst lands on July 9, 2026.PEP Earnings Explorer — 24/7 Wall St.Why Bulls See $180 by Mid-2027Piper Sandler maintains an Overweight rating with a $178 price target, while TIKR's longer-term model points to $208 by December 2030. Our bull case scenario lands at $177.28 by June 2027, with the $180 mark within reach if Q2 and Q3 earnings extend the Q1 beat streak.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and PepsiCo didn't make the cut. Grab the names FREE today.Growth drivers are tangible. CEO Ramon Laguarta noted that PBNA grew 9% in Q1, and international markets are accelerating around the 2026 World Cup activation. PFNA added 300 million new consumption occasions versus the prior year.Laguarta stated: "We've seen momentum in PBNA, both organic and reported...And sequential growth in PFNA." Add a $10 billion buyback authorization, the 54th consecutive dividend hike, and active institutional buying, and the bull math works.PEP Analyst Ratings — 24/7 Wall St.The Risks Worth WatchingTariff-driven commodity costs hit PBNA with an 11 percentage point impact in Q4 25, and FY25 operating income fell 19.57% on Rockstar and Be & Cheery impairments totaling $1.993 billion. Volume softness in convenient foods and slower snack consumption tied to GLP-1 adoption could pressure organic growth toward the bottom of the 2% to 4% range. Our bear case scenario stops at $152.27.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info