Citi Maintains Bullish Outlook on PepsiCo (PEP) Following a Q2 Results Preview
Key takeaways
- The company is facing issues in its snacking business and is losing market share in North American beverage subcategories.
- In a similar vein, Deutsche Bank reduced its price target for PepsiCo, Inc.
- One of the most well-known names in the world, PepsiCo, Inc.
Citi Maintains Bullish Outlook on Pepsi Co (PEP) Following a Q2 Results Preview Sheryar Siddiq Wed, July 1, 2026 at 10:58 PM GMT+7 1 min read PEP Pepsi Co, Inc. (NASDAQ:PEP) ranks among the top NASDAQ stocks for retirement. As part of a Q2 results preview, Citi lowered its price objective for Pepsi Co, Inc. (NASDAQ:PEP) to $170 from $182 and maintained a Buy rating on the stock. The firm expects Pepsi Co, Inc. (NASDAQ:PEP) to report earnings per share of $2.18, lower than the average projection of $2.22.
The company is facing issues in its snacking business and is losing market share in North American beverage subcategories. However, these flaws are mitigated by a thriving multinational business.
In a similar vein, Deutsche Bank reduced its price target for PepsiCo, Inc. (NASDAQ:PEP) to $168 from $173 with a Buy rating on June 18. The firm stated that early-quarter data indicated "encouraging momentum" after the company regained positive volume growth during the first quarter. However, consumption patterns slowed in late April and May.