Goldman cuts PepsiCo stock target from USD 180.00 to USD 165.00

Published on 10/16/2026 at 15:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 25.27 billion in the third quarter. PepsiCo stock costs EUR 115.14 on October 16, 2026, down 1.46 percent versus Xetra close.

Target review and valuation

Goldman Sachs lowered its PepsiCo target from USD 180.00 to USD 165.00 in an update reported on October 11, 2026.
PepsiCo reported USD 25.27 billion in third-quarter revenue, up 5.60 percent year over year on October 8, 2026.
PepsiCo stock costs EUR 115.14 at Lang & Schwarz on October 16, 2026 at 3:34 p.m. CEST, 1.46 percent below the Xetra close of October 15, 2026 at EUR 116.84.
PepsiCo trades at a P/E ratio of 16.33 and has a USD 177.6 billion market capitalization.

Flatlay-Produktfoto von Chips, Brezeln, Crackern und Nüssen in weißen Schälchen neben einer generischen Glasflasche Sprudelwasser auf hellgrauem Leinenstoff — PepsiCo US7134481081 zeigt anonymes Snack-Sortiment in schlichter Draufsicht-Flatlay-Anordnung auf hellem natürlichem Leinenstoff, Illustration mit AI erstellt.

Goldman Sachs lowered its PepsiCo target from USD 180.00 to USD 165.00 while maintaining a Buy rating, in an update reported by Yahoo Finance on October 11, 2026. The revised target stands 26.61 percent above PepsiCo's USD 130.32 Nasdaq price on October 16, 2026. PepsiCo stock was trading at EUR 115.14 at Lang & Schwarz on October 16, 2026 at 3:34 p.m. CEST, down 1.46 percent versus the Xetra close of October 15, 2026 at EUR 116.84.

Revenue reached USD 25.27 billion

PepsiCo's third-quarter results provide the operating counterweight to the lower target. The company reported USD 25.27 billion in net revenue for the 12 weeks ended September 5, 2026, up 5.60 percent from USD 23.94 billion a year earlier, according to PepsiCo on October 8, 2026. Core earnings per share rose 2.00 percent to USD 2.34, while reported diluted earnings per share increased 17.00 percent to USD 2.23.

Stock stays above its yearly low

The euro quote sits EUR 5.24, or 4.77 percent, above the 52-week low of EUR 109.90 and EUR 29.52, or 20.40 percent, below the EUR 144.66 high. The primary Nasdaq quote was USD 130.32 at 9:42 a.m. ET on October 16, 2026. The Lang & Schwarz bid was EUR 115.04 and the ask was EUR 115.24 at 3:34 p.m. CEST.

Valuation and market comparison

PepsiCo's market capitalization was USD 177.6 billion, with a P/E ratio of 16.33 and a dividend yield of 4.00 percent on October 16, 2026. The Goldman Sachs target of USD 165.00 is the most recent dated target used here; its 26.61 percent distance from the Nasdaq price is calculated in U.S. dollars.

Comparison with peers

PepsiCo (Nasdaq, USD): minus 1.46 percent, P/E 16.33, market capitalization USD 177.6 billion
The Coca-Cola Company (NYSE, USD): plus 1.07 percent, P/E 27.98, market capitalization USD 400.1 billion
Mondelez International (Nasdaq, USD): plus 1.75 percent, P/E 23.57, market capitalization USD 81.9 billion

Price and valuation remain central

For investors, the combination of a lower USD target and positive third-quarter revenue growth leaves valuation and execution as the central market questions. PepsiCo's 52-week range and the 4.00 percent dividend yield provide the main stock-specific reference points.

PepsiCo was trading at EUR 115.14 at Lang & Schwarz on October 16, 2026 at 3:34 p.m. CEST, 1.46 percent below the Xetra close of October 15, 2026 at EUR 116.84. The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.