Philip Morris stock: Goldman Sachs sets USD 222.00 target

Published on 10/20/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PMI reports third-quarter results on October 21, 2026 before market open. Philip Morris stock costs EUR 179.05 on October 20, 2026 at 4:01 p.m. CEST.

Analyst target and smoke-free sales

Goldman Sachs set a USD 222.00 price target for Philip Morris on October 19, 2026.
Smoke-free products generated 42.00 percent of total net revenue in the second quarter of 2026.
Philip Morris stock cost EUR 179.05 at Lang & Schwarz on October 20, 2026 at 4:01 p.m. CEST.
Philip Morris had a USD 313.7 billion market capitalization at 10:03 a.m. EDT on October 20, 2026.

Flatlay mit Aktienzertifikat, Karte mit ISIN-Nummer und getrockneten Tabakblättern auf Holztisch — Philip Morris Intl (ISIN US7181721090) Flatlay zeigt Aktienzertifikat, ISIN-Karte und getrocknete Tabakblätter auf Holztisch, Illustration mit AI erstellt.

Philip Morris International (ISIN US7181721090) is heading into its third-quarter report with a USD 222.00 target from Goldman Sachs. According to Markets Insider on October 19, 2026, analyst Bonnie Herzog reiterated a Buy rating and set the target at USD 222.00. Philip Morris stock was trading at EUR 179.05 at Lang & Schwarz on October 20, 2026 at 4:01 p.m. CEST.

Smoke-free sales shape the report

PMI's operating transition remains the central financial measure ahead of the results. The company said in its investor materials that smoke-free products accounted for 42.00 percent of total net revenue in the second quarter of 2026. The same material identified more than 43 million legal-age consumers of smoke-free products as of December 31, 2025.

That mix gives the October report a measurable test: management must show whether smoke-free products are continuing to expand while the traditional cigarette business contracts. PMI also said its smoke-free products were sold in 109 markets as of the first half of 2026, a geographic footprint that supports the segment's scale.

Stock sits below its yearly high

On the NYSE, Philip Morris was trading at USD 201.26 at 10:03 a.m. EDT on October 20, 2026. The stock's USD 142.11 to USD 210.45 52-week range places the latest home-market quote USD 9.19 below the high. The euro quotation and the NYSE quotation are separate venue measures.

Philip Morris carried a USD 313.7 billion market capitalization and a 28.99 price-to-earnings ratio at the same October 20, 2026 market snapshot. Its trailing dividend yield was 3.00 percent. These valuation figures put the upcoming earnings release ahead of a clear numerical checkpoint rather than a broad sector narrative.

What happens on October 21?

Philip Morris International said on October 14, 2026 that it will issue third-quarter and first nine-month results at approximately 7:00 a.m. ET on October 21, 2026, followed by a 9:00 a.m. ET webcast. A market preview from El Fondo puts consensus adjusted earnings per share at USD 2.34 and revenue at USD 11.59 billion for the third quarter.

The comparison investors will receive is therefore specific: second-quarter revenue was USD 11.19 billion and net income was USD 2.82 billion, figures reported by Markets Insider for the period ended June 30, 2026. The new release will show whether the smoke-free contribution can support another period of revenue growth.

Philip Morris stock price context

Philip Morris stock was trading at EUR 179.05 at Lang & Schwarz on October 20, 2026 at 4:01 p.m. CEST. On the NYSE, the stock was trading at USD 201.26 at 10:03 a.m. EDT on the same date, while its 52-week high stood at USD 210.45.

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