Goldman Sachs starts coverage: Zoetis stock gets a USD 74 target

Published on 10/18/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Payment is set for December 1, 2026, after the October 30, 2026 record date. The NYSE values Zoetis stock at USD 32.8 billion.

Coverage, guidance and key dates

Goldman Sachs set a USD 74.00 target for Zoetis on October 17, 2026.
Zoetis reported USD 2.47 billion in second-quarter 2026 revenue and revised its full-year outlook.
Zoetis is scheduled to report third-quarter 2026 results on November 5, 2026.

ZTS, US98978V1035, Illustration mit AI erstellt.

Zoetis (ISIN US98978V1035) received a USD 74.00 price target from Goldman Sachs on October 17, 2026, alongside a Hold rating. According to MarketBeat, the firm began coverage with that target, placing it below the latest US market quotation.

The recent sequence

Zoetis reported USD 2.47 billion in second-quarter 2026 revenue on August 6, 2026, while adjusted net income declined 2 percent. The company then revised its full-year 2026 outlook to organic operational revenue growth of minus 3 percent to minus 1 percent and adjusted net income growth of minus 9 percent to minus 5 percent, according to Benzinga on August 6, 2026. The October 17, 2026 Goldman Sachs action is the latest dated event in this sequence.

What does guidance signal?

The revised outlook puts operating pressure at the center of the investment case. Zoetis expects full-year 2026 revenue of USD 9.12 billion to USD 9.32 billion and adjusted net income of USD 2.57 billion to USD 2.62 billion, while the second-quarter figures showed a split business picture: international revenue rose 6 percent, livestock revenue grew 11 percent, and companion animal revenue fell 6 percent.

The contrast matters because the livestock and diagnostics businesses are offsetting part of the weakness in companion animal products. Diagnostics revenue grew 12 percent in the second quarter of 2026, but the company said competitive pressure and affordability concerns were weighing on key US categories.

Which dates matter next?

Zoetis declared a fourth-quarter 2026 dividend of USD 0.53 per share on October 8, 2026. The payment date is December 1, 2026, for shareholders of record on October 30, 2026, according to Nasdaq. The next scheduled reporting event is Zoetis' third-quarter 2026 results webcast on November 5, 2026, at 8:30 a.m. ET, as stated by Zoetis.

Valuation context

Zoetis had a USD 32.8 billion market capitalization and a USD 68.77 to USD 148.30 52-week range as of October 16, 2026. On the NYSE, the last quoted price was USD 79.32 on October 16, 2026 at 4:00 p.m. ET. The Goldman Sachs target is therefore below that US quotation, while the company's next report will test whether the revised guidance is holding.