Goldman Sachs sets USD 222.00 target for Philip Morris stock

Published on 10/20/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs set a USD 222.00 target on October 19, 2026. Philip Morris stock heads into results with 42 percent smoke-free revenue in first-half 2026.

Earnings setup and valuation

Goldman Sachs reiterated a Buy rating for Philip Morris on October 19, 2026.
Smoke-free products represented 42 percent of global net revenue in the first half of 2026.
Philip Morris stock traded at EUR 180.59 at 11:08 a.m. CEST at Lang & Schwarz on October 20, 2026.

Arbeiter sortieren grüne Tabakblätter an Förderband einer unbeschrifteten Anlage bei Sonnenaufgang — Philip Morris Intl (ISIN US7181721090) zeigt Arbeiter an Förderband einer Tabakverarbeitungsanlage bei Sonnenaufgang, Illustration mit AI erstellt.

Philip Morris (ISIN US7181721090) generated 42 percent of global net revenue from smoke-free products in the first half of 2026, giving its October earnings release a clear strategic test. Markets Insider reported on October 19, 2026, that Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and set a USD 222.00 price target.

Smoke-free products carry the story

Philip Morris International said on its corporate website that smoke-free products represented 42 percent of total global net revenue in the first half of 2026. The company also reported more than 43 million estimated legal-age consumers of those products as of December 31, 2025, across 109 markets.

The product shift gives investors a measurable reference point before the next report. Philip Morris International said it had invested more than USD 16 billion in smoke-free products since 2008.

Three dated milestones for Philip Morris

On July 22, 2026, Philip Morris reported quarterly revenue of USD 11.19 billion and earnings per share of USD 2.20, according to MarketBeat. On September 18, 2026, the company raised its quarterly dividend to USD 1.60 per share. On October 8, 2026, Philip Morris accelerated its smoke-free shift in Argentina, with smoke-free products representing 42 percent of global revenue, as El Fondo reported.

What happens on October 21?

Philip Morris is scheduled to report third-quarter 2026 results before the US market opens on October 21, 2026. El Fondo cited consensus estimates of USD 11.59 billion in revenue and USD 2.34 in earnings per share for the quarter.

The same source identifies October 26, 2026, as the scheduled payment date for the USD 1.60 quarterly dividend. The coming report therefore combines an operating question about smoke-free growth with a shareholder-return reference point.

Price and investor reference

Philip Morris stock was trading at EUR 180.59 at Lang & Schwarz on October 20, 2026, at 11:08 a.m. CEST. The primary listing is on the NYSE, where finance data showed a market capitalization of USD 313.4 billion and a 52-week range of USD 142.11 to USD 210.45.

The further course of trading is shown by the continuously updated real-time quote of Philip Morris stock.