PepsiCo stock: Goldman cuts target to USD 165 for PepsiCo stock

Published on 10/23/2026 at 16:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nasdaq price is USD 135.62 on October 23, 2026. PepsiCo stock costs EUR 121.34 on October 23, 2026, down 1.45 percent versus Xetra close.

Goldman target reset

Goldman Sachs lowered its PepsiCo target from USD 180 to USD 165 on October 11, 2026.
The revised target stood 21.66 percent above PepsiCo's USD 135.62 Nasdaq price on October 23, 2026.
PepsiCo stock cost EUR 121.34 at Lang & Schwarz on October 23, 2026 at 4:33 p.m. CEST, 1.45 percent below the Xetra close of October 22, 2026.
PepsiCo had a market capitalization of USD 184.8 billion and a price-to-earnings ratio of 17.04 as of October 23, 2026.

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PepsiCo (ISIN US7134481081) faces a lower analyst target after Goldman Sachs cut its price objective from USD 180 to USD 165 on October 11, 2026, while maintaining a Buy rating, as Yahoo Finance reported. The stock was trading at EUR 121.34 at Lang & Schwarz on October 23, 2026 at 4:33 p.m. CEST, down 1.45 percent versus the Xetra close of October 22, 2026 at EUR 123.12.

Target leaves room for recovery

Goldman's revised USD 165 target stood 21.66 percent above PepsiCo's USD 135.62 Nasdaq price at 10:40 a.m. EDT on October 23, 2026. That calculation places the analyst view materially above the U.S. quotation, although the two prices use different currencies and venues.

The target change also leaves the stock below Goldman's earlier USD 180 objective. The Yahoo Finance report said analyst Bonnie Herzog kept a Buy rating while pointing to a weaker earnings outlook and pressure from inflation and operating costs.

Price sits below the yearly high

PepsiCo's primary-market quote was USD 135.62 on Nasdaq at 10:40 a.m. EDT on October 23, 2026. Its 52-week range was USD 123.47 to USD 171.48 on the same date, putting the quotation USD 35.86 below the high and USD 12.15 above the low.

The euro quotation remained below the Xetra close by EUR 1.78, or 1.45 percent. Its direction is weaker than the Nasdaq comparison because the venues and currencies are separate, so the euro figure remains the relevant price for investors following the German trading perspective.

Valuation and business scale

PepsiCo had a market capitalization of USD 184.8 billion and a price-to-earnings ratio of 17.04 as of October 23, 2026. The company describes its business as a global portfolio of foods and drinks sold in more than 200 countries and territories through its investor-relations materials.

The third-quarter 2026 release dated October 8, 2026 reported that PepsiCo updated its fiscal 2026 guidance. The release also identifies Nasdaq as the company's primary listing and describes reported and core measures separately, which matters when comparing the target discussion with operating performance.

What comes next for the valuation?

The revised target keeps the valuation discussion centered on profit growth rather than sales alone. For investors, the key numerical contrast is the USD 165 target against the USD 135.62 Nasdaq price and the EUR 121.34 Lang & Schwarz quotation.

Stock price and target

PepsiCo's target revision and current quotation point in different directions: Goldman Sachs lowered its objective, while the target still stood 21.66 percent above the U.S. price. The euro quote was 1.45 percent below the Xetra close, placing the German market reference below the prior session's level.

The further course of trading is shown by the continuously updated real-time quote of PepsiCo stock.