PepsiCo stock faces analyst cuts before October 8 results

Published on 09/29/2026 at 08:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PepsiCo stock faces a USD 133.00 target from TD Cowen after a USD 145.00 starting point. Third-quarter results are scheduled for October 8, 2026.

Fotorealistisches Bild eines dunklen Erfrischungsgetränks mit Eiswürfeln in einem klaren unmarkierten Glas, warme Hintergrundbeleuchtung und Holztheke — PepsiCo US7134481081 zeigt ein eisgekühltes Cola-Getränk in einem generischen Glas auf dunkler Holztheke, Illustration mit AI erstellt.

PepsiCo stock (ISIN US7134481081) was last at USD 128.50 on Nasdaq on September 28, 2026, just 1.40 percent above its 52-week low of USD 126.72. The latest analyst actions point to demand and affordability concerns ahead of the company's October 8 results.

Price targets move lower

According to Investing.com on September 28, 2026, TD Cowen reduced its PepsiCo price target from USD 145.00 to USD 133.00 and maintained a Hold rating. The firm also cut its fiscal 2026 and 2027 earnings estimates below consensus.

Citigroup took a similar step earlier. MarketBeat reported on September 24, 2026, that Citigroup cut its target from USD 145.00 to USD 142.00 while keeping a Neutral rating. The USD 142.00 target is 10.51 percent above the USD 128.50 reference price.

Results offer the next test

MarketBeat lists PepsiCo's next report for October 8, 2026, before the market opens, with consensus earnings per share of USD 2.30 and expected revenue of USD 24.99 billion. That date gives investors a defined checkpoint for judging whether pricing actions can offset softer demand.

The market backdrop is defensive but unsettled. PepsiCo's September 28 market capitalization was USD 175.5 billion, while the session volume reached 7,412,282 shares. The stock's 52-week range of USD 126.72 to USD 171.48 places the latest quote 25.06 percent below the yearly high.

PepsiCo stock stays near its yearly low

PepsiCo stock was last at USD 128.50 on Nasdaq on September 28, 2026 at 4:00 p.m. ET, down USD 0.13, or 0.10 percent, from the prior close of USD 128.63. For investors, the October report now matters because the share price is close to its annual floor while analysts are trimming targets rather than raising them.