PepsiCo (PEP) stock has gained about 14% over the past three months. With resilient demand across beverages and snacks, disciplined cost management, and consistent dividend growth, PepsiCo is well-positioned to deliver stable returns. Despite the rally, technical indicators suggest that PEP stock is a Buy, implying further upside from current levels.
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PepsiCo is a food and beverage company known for its iconic soft drinks and snacks.
Analyzing PEP Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, PepsiCo is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 141.65, while its price is $148.36, implying a bullish signal. Also, its shorter-duration EMA (20 days) signals an uptrend.
Another technical indicator, the Rate of Change (ROC), is a momentum-based technical indicator used to measure the percentage change in a stock’s price between the current price and the price from a specific number of periods earlier. Typically, a ROC above zero confirms an uptrend. PepsiCo stock currently has an ROC of 7.22, which signals a Buy.
Moreover, Williams %R helps traders see if a stock is overbought or oversold. For PEP, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Is PEP Stock a Good Buy?
Turning to Wall Street, PepsiCo stock has a Moderate Buy consensus rating based on four Buys and nine Holds assigned in the last three months. At $156.08, the average PEP stock price target implies a 5.26% upside potential.
