Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating on PepsiCo on December 8 and set a price target of $167.00.
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Bonnie Herzog has given her Buy rating due to a combination of factors influencing PepsiCo’s future growth prospects. The management’s recent announcement of priorities aimed at enhancing shareholder value, with a focus on accelerating growth and improving core operating margins, particularly in the FLNA segment, has been a significant factor. Although some initiatives are ongoing, the transparency and clear steps outlined by management are encouraging signs of potential growth.
Moreover, PepsiCo’s preliminary guidance for 2026, which includes expectations of organic revenue growth and core EPS growth, aligns with Herzog’s positive outlook. The company’s strategy to enhance marketplace competitiveness and financial performance through targeted pricing approaches further supports the Buy rating. Given these factors, Herzog believes that PepsiCo is well-positioned to enter 2026 from a stronger standpoint, offering an attractive risk-reward profile compared to its peers.
In another report released on December 10, J.P. Morgan also upgraded the stock to a Buy with a $164.00 price target.