tiprankstipranks
Trending News
More News >
Philip Morris (PM)
NYSE:PM
US Market
Advertisement

Philip Morris (PM) Stock Forecast & Price Target

Compare
7,131 Followers
See the Price Targets and Ratings of:

PM Analyst Ratings

Strong Buy
11Ratings
Strong Buy
10 Buy
1 Hold
0 Sell
Based on 11 analysts giving stock ratings to
Philip
Morris
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

PM Stock 12 Month Forecast

Average Price Target

$197.18
▲(19.31%Upside)
Based on 11 Wall Street analysts offering 12 month price targets for Philip Morris in the last 3 months. The average price target is $197.18 with a high forecast of $225.00 and a low forecast of $181.00. The average price target represents a 19.31% change from the last price of $165.27.
{"navigator":{"disabled":true},"exporting":{"enabled":false},"title":{"text":null},"chart":{"height":200,"style":{"fontFamily":"Roboto Flex, -apple-system, BlinkMacSystemFont, Segoe UI, Roboto, Helvetica, Arial, sans-serif, Apple Color Emoji, Segoe UI Emoji, Segoe UI Symbol","fontWeight":"400","color":"#5d5d5e"},"spacingTop":30,"spacingRight":60,"events":null},"yAxis":{"labels":{"style":{"color":"inherit"},"distance":6,"x":-6,"y":-6,"zIndex":1,"map_label_formatter":{"95":"$95","226":"$226","127.75":"$127.8","160.5":"$160.5","193.25":"$193.3"}},"plotLines":[{"color":"rgba(0,0,0,0)","value":225,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":-10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-bottom flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#199ca5\">High </span>\n\n  <span style=\"color:#199ca5\">$225.00</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":197.18,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":0,"text":"<div  class=\"positionrelative hoverZ3 triangleleft flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#828080\">Average </span>\n\n  <span style=\"color:#828080\">$197.18</span>\n  </div></div>","useHTML":true}},{"color":"rgba(0,0,0,0)","value":181,"label":{"className":" overflowvisible_force","align":"right","x":60,"y":10,"text":"<div  class=\"positionrelative hoverZ3 triangleleft-top flexccc bgwhite shadowhard-3 border1 borderColorwhite-8 colorwhite-8 px2 lineHeight3 fontWeightsemibold fontSize10 radiismall h_pxsmall35\"> <div class=\"w_pxsmall60 flexccc\">\n  <span style=\"color:#912767\">Low </span>\n\n  <span style=\"color:#912767\">$181.00</span>\n  </div></div>","useHTML":true}}],"tickPositions":[95,127.75,160.5,193.25,226],"lineColor":"#dddddd","gridLineWidth":1,"gridLineColor":"#dddddd","lineWidth":1,"title":{"text":""}},"plotOptions":{"series":{"states":{"inactive":{"opacity":1}}},"line":{"animation":{"duration":0},"dataLabels":{"allowOverlap":true},"borderWidth":1,"marker":{"enabled":true,"fillColor":"#FFFFFF","radius":3,"lineWidth":2,"symbol":"circle","lineColor":"#828080"}}},"xAxis":{"labels":{"style":{"color":"inherit"},"rotation":0,"map_label_formatter":{"3":"Sep<br/>2024","6":"Jan<br/>2025","9":"Apr<br/>2025","12":"Jul<br/>2025","25":"Jul<br/>2026"}},"tickPositions":[3,6,9,12,25],"plotLines":[{"color":"#dddddd","width":1,"value":12},{"color":"#dddddd","width":1,"value":12}],"lineWidth":0,"gridLineWidth":1,"gridLineColor":"#dddddd","tickLength":0},"legend":{"symbolRadius":0,"symbolPadding":4,"symbolHeight":14,"borderWidth":0,"symbolWidth":14,"align":"left","verticalAlign":"bottom","enabled":false},"tooltip":{"backgroundColor":"rgba(0,0,0,0)","useHTML":true,"borderWidth":0,"borderColor":"rgba(0,0,0,0)","padding":0,"shadow":null,"headerFormat":"","footerFormat":"","pointFormat":"<div class=\"flexccc lineHeight2 bgwhite shadow2 px3 py3 radiismall fonth10_semibold\">\n                <span class=\"colorgray-3 mb4\">{point.date:%b %d ,%Y}</span>\n                <span>Analyst Consensus</span>\n                {point.info}\n          </div>\n           </div>"},"credits":{"enabled":false},"accessibility":{"description":""},"responsive":{"rules":[{"chartOptions":{"chart":{"spacing":[0,0,0,0],"margin":[30,60,40,5]},"xAxis":{"tickPositions":[3,12,25.25]},"yAxis":{"labels":{"enabled":false}},"title":{"text":null},"subtitle":{"text":null}},"condition":{"maxWidth":500}}]},"series":[{"lineWidth":2,"dashStyle":"ShortDash","name":"High","type":"line","color":"#199ca5","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,177.53,181.18153846153845,184.83307692307693,188.48461538461538,192.13615384615386,195.7876923076923,199.43923076923076,203.09076923076924,206.7423076923077,210.39384615384614,214.04538461538462,217.69692307692307,221.34846153846155,{"y":225,"marker":{"fillColor":"#199ca5","lineColor":"#199ca5","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Average","type":"line","color":"#828080","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,177.53,179.04153846153847,180.55307692307693,182.0646153846154,183.57615384615386,185.08769230769232,186.59923076923076,188.11076923076922,189.6223076923077,191.13384615384615,192.64538461538461,194.15692307692308,195.66846153846154,{"y":197.18,"marker":{"fillColor":"#828080","lineColor":"#828080","enabled":true,"symbol":"circle"}}]},{"lineWidth":2,"dashStyle":"ShortDash","name":"Low","type":"line","color":"#912767","enableMouseTracking":false,"marker":{"enabled":false},"data":[null,null,null,null,null,null,null,null,null,null,null,null,177.53,177.79692307692306,178.06384615384616,178.33076923076922,178.5976923076923,178.86461538461538,179.13153846153847,179.39846153846153,179.66538461538462,179.9323076923077,180.19923076923078,180.46615384615384,180.73307692307694,{"y":181,"marker":{"fillColor":"#912767","lineColor":"#912767","enabled":true,"symbol":"circle"}}]},{"type":"line","data":[{"y":96.3,"date":1717200000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 11,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":97.43,"date":1719792000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 12,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":113.02,"date":1722470400000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 13,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":118.63,"date":1725148800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":117.34,"date":1727740800000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":127.13,"date":1730419200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 17,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":118.4,"date":1735689600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":128.1,"date":1738368000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 19,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":152.77,"date":1740787200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 21,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 0, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":156.91,"date":1743465600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 22,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 2</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":168.78,"date":1746057600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 14,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":181.38,"date":1748736000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 23,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 1</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":177.53,"date":1751328000000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 21,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"fillColor":"black","lineColor":"black","enabled":true,"symbol":"circle"}},null,null,null,null,null,null,null,null,null,null,null,null],"color":"#0666a7"}]}
Highest Price Target$225.00Average Price Target$197.18Lowest Price Target$181.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on PM
TipRanks AITipRanks
Not Ranked
TipRanks
$181
Hold
9.52%
Upside
Downgraded
07/23/25
Philip Morris's overall stock score is driven by a robust financial performance with strong profitability and cash flow, alongside positive earnings call highlights. However, significant leverage and negative equity present risks. Technical analysis indicates bearish trends, and the valuation reflects a relatively high P/E ratio, though supported by a good dividend yield.
Stifel Nicolaus Analyst forecast on PM
Matthew Smith, CFAStifel Nicolaus
Stifel Nicolaus
$186
Buy
12.54%
Upside
Reiterated
07/23/25
Philip Morris (PM) Receives a Buy from Stifel Nicolaus
Barclays Analyst forecast on PM
Gaurav JainBarclays
Barclays
$225
Buy
36.14%
Upside
Reiterated
07/23/25
Barclays Remains a Buy on Philip Morris (PM)
Needham
$195
Buy
17.99%
Upside
Reiterated
07/23/25
Philip Morris: Strong EPS Growth and Smoke-Free Segment Drive Buy RatingWe note that HTU shipments were better than expected in the quarter at 38.8 bn units, which exceeded the high end of guidance. Currency also looks to have played a role in the revenue miss, as it provided just a 30 bps tailwind to reported results (vs. our expectation for a 2.4 pt benefit). As a reminder, the company had been guiding for currency to provide a 4 pt benefit to adj. EPS in the quarter, which came in meaningfully lower at just a 1.3 pt benefit. As such, despite continued weakening of the U.S. dollar over the course of the quarter, PM held its guidance for currency to remain a 10 cent benefit for the full year.
Morgan Stanley Analyst forecast on PM
Eric SerottaMorgan Stanley
Morgan Stanley
$182
Buy
10.12%
Upside
Reiterated
07/23/25
Philip Morris: Undervalued Growth Opportunity Amid Strong Zyn and IQOS Momentum
Bank of America Securities Analyst forecast on PM
Lisa LewandowskiBank of America Securities
Bank of America Securities
$200
Buy
21.01%
Upside
Reiterated
07/22/25
Philip Morris: Strong Performance and Future Potential Drive Buy Rating
Goldman Sachs Analyst forecast on PM
Bonnie HerzogGoldman Sachs
Goldman Sachs
$190$200
Buy
21.01%
Upside
Reiterated
07/18/25
Goldman Sachs Keeps Their Buy Rating on Philip Morris (PM)
UBS
$170$181
Hold
9.52%
Upside
Reiterated
07/14/25
Philip Morris price target raised to $181 from $170 at UBSPhilip Morris price target raised to $181 from $170 at UBS
Citi
$188$200
Buy
21.01%
Upside
Reiterated
07/10/25
Philip Morris price target raised to $200 from $188 at CitiPhilip Morris price target raised to $200 from $188 at Citi
J.P. Morgan Analyst forecast on PM
Philip SpainJ.P. Morgan
J.P. Morgan
$175$190
Buy
14.96%
Upside
Reiterated
07/10/25
J.P. Morgan Sticks to Their Buy Rating for Philip Morris (PM)
Jefferies
$129$220
Buy
33.12%
Upside
Reiterated
07/09/25
Philip Morris (PM) Receives a Buy from Jefferies
Argus Research Analyst forecast on PM
Taylor ConradArgus Research
Argus Research
$170$190
Buy
14.96%
Upside
Reiterated
04/28/25
Philip Morris price target raised to $190 from $170 at ArgusPhilip Morris price target raised to $190 from $170 at Argus
Deutsche Bank  Analyst forecast on PM
Damian McNeelaDeutsche Bank
Deutsche Bank
$135$142
Buy
-14.08%
Downside
Reiterated
10/22/24
Philip Morris price target raised to $142 from $135 at Deutsche BankPhilip Morris price target raised to $142 from $135 at Deutsche Bank
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
TipRanks Analyst forecast on PM
TipRanks AITipRanks
Not Ranked
TipRanks
$181
Hold
9.52%
Upside
Downgraded
07/23/25
Philip Morris's overall stock score is driven by a robust financial performance with strong profitability and cash flow, alongside positive earnings call highlights. However, significant leverage and negative equity present risks. Technical analysis indicates bearish trends, and the valuation reflects a relatively high P/E ratio, though supported by a good dividend yield.
Stifel Nicolaus Analyst forecast on PM
Matthew Smith, CFAStifel Nicolaus
Stifel Nicolaus
$186
Buy
12.54%
Upside
Reiterated
07/23/25
Philip Morris (PM) Receives a Buy from Stifel Nicolaus
Barclays Analyst forecast on PM
Gaurav JainBarclays
Barclays
$225
Buy
36.14%
Upside
Reiterated
07/23/25
Barclays Remains a Buy on Philip Morris (PM)
Needham
$195
Buy
17.99%
Upside
Reiterated
07/23/25
Philip Morris: Strong EPS Growth and Smoke-Free Segment Drive Buy RatingWe note that HTU shipments were better than expected in the quarter at 38.8 bn units, which exceeded the high end of guidance. Currency also looks to have played a role in the revenue miss, as it provided just a 30 bps tailwind to reported results (vs. our expectation for a 2.4 pt benefit). As a reminder, the company had been guiding for currency to provide a 4 pt benefit to adj. EPS in the quarter, which came in meaningfully lower at just a 1.3 pt benefit. As such, despite continued weakening of the U.S. dollar over the course of the quarter, PM held its guidance for currency to remain a 10 cent benefit for the full year.
Morgan Stanley Analyst forecast on PM
Eric SerottaMorgan Stanley
Morgan Stanley
$182
Buy
10.12%
Upside
Reiterated
07/23/25
Philip Morris: Undervalued Growth Opportunity Amid Strong Zyn and IQOS Momentum
Bank of America Securities Analyst forecast on PM
Lisa LewandowskiBank of America Securities
Bank of America Securities
$200
Buy
21.01%
Upside
Reiterated
07/22/25
Philip Morris: Strong Performance and Future Potential Drive Buy Rating
Goldman Sachs Analyst forecast on PM
Bonnie HerzogGoldman Sachs
Goldman Sachs
$190$200
Buy
21.01%
Upside
Reiterated
07/18/25
Goldman Sachs Keeps Their Buy Rating on Philip Morris (PM)
UBS
$170$181
Hold
9.52%
Upside
Reiterated
07/14/25
Philip Morris price target raised to $181 from $170 at UBSPhilip Morris price target raised to $181 from $170 at UBS
Citi
$188$200
Buy
21.01%
Upside
Reiterated
07/10/25
Philip Morris price target raised to $200 from $188 at CitiPhilip Morris price target raised to $200 from $188 at Citi
J.P. Morgan Analyst forecast on PM
Philip SpainJ.P. Morgan
J.P. Morgan
$175$190
Buy
14.96%
Upside
Reiterated
07/10/25
J.P. Morgan Sticks to Their Buy Rating for Philip Morris (PM)
Jefferies
$129$220
Buy
33.12%
Upside
Reiterated
07/09/25
Philip Morris (PM) Receives a Buy from Jefferies
Argus Research Analyst forecast on PM
Taylor ConradArgus Research
Argus Research
$170$190
Buy
14.96%
Upside
Reiterated
04/28/25
Philip Morris price target raised to $190 from $170 at ArgusPhilip Morris price target raised to $190 from $170 at Argus
Deutsche Bank  Analyst forecast on PM
Damian McNeelaDeutsche Bank
Deutsche Bank
$135$142
Buy
-14.08%
Downside
Reiterated
10/22/24
Philip Morris price target raised to $142 from $135 at Deutsche BankPhilip Morris price target raised to $142 from $135 at Deutsche Bank
Stocks with the Highest Top Analyst Consensus in the Consumer Defensive Sector
Find stocks in the Consumer Defensive sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Philip Morris

1 Month
xxx
Success Rate
18/29 ratings generated profit
62%
Average Return
+2.98%
reiterated a xxx
rating 2 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 62.07% of your transactions generating a profit, with an average return of +2.98% per trade.
3 Months
xxx
Success Rate
10/12 ratings generated profit
83%
Average Return
+9.43%
reiterated a xxx
rating yesterday
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 83.33% of your transactions generating a profit, with an average return of +9.43% per trade.
1 Year
Matthew Smith, CFAStifel Nicolaus
Success Rate
10/12 ratings generated profit
83%
Average Return
+41.13%
reiterated a buy rating yesterday
Copying Matthew Smith, CFA's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +41.13% per trade.
2 Years
xxx
Success Rate
11/12 ratings generated profit
92%
Average Return
+62.85%
reiterated a xxx
rating yesterday
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 91.67% of your transactions generating a profit, with an average return of +62.85% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

PM Analyst Recommendation Trends

Rating
Mar 25
Apr 25
May 25
Jun 25
Jul 25
Strong Buy
0
0
0
0
0
Buy
21
22
14
23
21
Hold
0
1
1
2
2
Sell
2
2
1
1
0
Strong Sell
0
0
0
0
0
total
23
25
16
26
23
In the current month, PM has received 21 Buy Ratings, 2 Hold Ratings, and 0 Sell Ratings. PM average Analyst price target in the past 3 months is 197.18.
Each month's total comprises the sum of three months' worth of ratings.

PM Financial Forecast

PM Earnings Forecast

Next quarter’s earnings estimate for PM is $2.14 with a range of $2.06 to $2.38. The previous quarter’s EPS was $1.91. PM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.96% of the time in the same period. In the last calendar year PM has Outperformed its overall industry.
Next quarter’s earnings estimate for PM is $2.14 with a range of $2.06 to $2.38. The previous quarter’s EPS was $1.91. PM beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.96% of the time in the same period. In the last calendar year PM has Outperformed its overall industry.

PM Sales Forecast

Next quarter’s sales forecast for PM is $10.68B with a range of $10.48B to $10.84B. The previous quarter’s sales results were $10.14B. PM beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 52.78% of the time in the same period. In the last calendar year PM has Outperformed its overall industry.
Next quarter’s sales forecast for PM is $10.68B with a range of $10.48B to $10.84B. The previous quarter’s sales results were $10.14B. PM beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 52.78% of the time in the same period. In the last calendar year PM has Outperformed its overall industry.

PM Stock Forecast FAQ

What is PM’s average 12-month price target, according to analysts?
Based on analyst ratings, Philip Morris’s 12-month average price target is 197.18.
    What is PM’s upside potential, based on the analysts’ average price target?
    Philip Morris has 19.31% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is PM a Buy, Sell or Hold?
          Philip Morris has a consensus rating of Strong Buy which is based on 10 buy ratings, 1 hold ratings and 0 sell ratings.
            What is Philip Morris’s price target?
            The average price target for Philip Morris is 197.18. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $225.00 ,the lowest forecast is $181.00. The average price target represents 19.31% Increase from the current price of $165.27.
              What do analysts say about Philip Morris?
              Philip Morris’s analyst rating consensus is a Strong Buy. This is based on the ratings of 11 Wall Streets Analysts.
                How can I buy shares of PM?
                Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.
                  What am I Missing?
                  Make informed decisions based on Top Analysts' activity
                  Know what industry insiders are buying
                  Get actionable alerts from top Wall Street Analysts
                  Find out before anyone else which stock is going to shoot up
                  Get powerful stock screeners & detailed portfolio analysis