PepsiCo stock: Goldman cuts target for PepsiCo stock to USD 165.00 from USD 180.00
Published on 10/21/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGoldman target reset
- Goldman Sachs lowered its PepsiCo target from USD 180.00 to USD 165.00 on October 11, 2026.
- The USD 165.00 target stood 22.61 percent above PepsiCo's USD 134.58 Nasdaq price on October 21, 2026.
- PepsiCo stock costs EUR 119.85 at Lang & Schwarz on October 21, 2026 at 4:01 p.m. CEST, 0.24 percent above the Xetra close of October 20, 2026.
- PepsiCo had a market capitalization of USD 183.4 billion and a price-to-earnings ratio of 16.88 on October 21, 2026.
PepsiCo stock (ISIN US7134481081) received a lower Goldman Sachs target on October 11, 2026, as analyst Bonnie Herzog cut the target from USD 180.00 to USD 165.00 while maintaining a Buy rating, according to Yahoo Finance. The target was 22.61 percent above PepsiCo's USD 134.58 Nasdaq price on October 21, 2026, at 10:04 a.m. EDT. At Lang & Schwarz, the stock stood at EUR 119.85 on October 21, 2026, at 4:01 p.m. CEST, plus 0.24 percent versus the Xetra close of October 20, 2026 at EUR 119.56.
Goldman lowers the valuation bar
The target reduction leaves Goldman Sachs with a lower valuation bar while the Buy rating remains in place. Measured against the Nasdaq price of USD 134.58 on October 21, 2026, the USD 165.00 target implies 22.61 percent upside. That calculation uses the target and the same-session US price, not the euro quotation.
The analyst note also linked the lower target to a less supportive earnings outlook. The report said PepsiCo's international business remained a growth contributor, while North American beverage performance and input costs weighed on the profit outlook.
Stock sits 21.52 percent below its high
PepsiCo traded at USD 134.58 on Nasdaq on October 21, 2026, at 10:04 a.m. EDT. Its 52-week range was USD 123.47 to USD 171.48, placing the price 9.00 percent above the low and 21.52 percent below the high. Reported volume was 1,466,775 shares at that timestamp.
Valuation and recent results
PepsiCo carried a market capitalization of USD 183.4 billion and a price-to-earnings ratio of 16.88 on October 21, 2026. The company reported third-quarter results on October 8, 2026, in a release that also updated its fiscal 2026 guidance, according to PepsiCo.
For investors, the central tension is visible in the gap between the reduced target and the market quotation. The target still sits above the Nasdaq price, but the lower target records a more cautious valuation view than the earlier USD 180.00 level.
Euro quote versus Xetra close
PepsiCo was trading at EUR 119.85 at Lang & Schwarz on October 21, 2026, at 4:01 p.m. CEST, plus 0.24 percent versus the Xetra close of October 20, 2026 at EUR 119.56. The euro quotation remained close to the prior Xetra level while the analyst target supplied the main valuation reference.
The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.
PepsiCo stock facts
- Company: PepsiCo, Inc.
- ISIN: US7134481081
- Ticker: PEP
- Primary exchange: NASDAQ
- Price Lang & Schwarz (as of October 21, 2026, 4:01 p.m. CEST): EUR 119.85
- Change versus Xetra close: plus 0.24 percent
- Xetra close (October 20, 2026): EUR 119.56
- Market capitalization: USD 183.4 billion (as of October 21, 2026)
- 52-week range: USD 123.47-171.48 (as of October 21, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Non-Alcoholic
Market context: Market report S&P 500.
