February 3, 2026
Finance

PepsiCo Prepares for Q4 Earnings Announcement Amid Analyst Forecast Adjustments

Wall Street Experts Update Price Targets and Ratings Ahead of Quarterly Report

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Summary

PepsiCo is set to report its fourth-quarter earnings, with Wall Street analysts revising their forecasts and price targets. Expectations include a rise in earnings per share and revenues compared to last year, alongside strategic collaborations in digital transformation.

Key Points

PepsiCo’s fourth-quarter earnings per share are anticipated to rise to $2.24 from $1.96 year-over-year.
Consensus revenue estimates predict an increase to $28.97 billion, above last year's $27.78 billion.
The company announced a strategic partnership with Siemens and NVIDIA to implement advanced digital twin and AI technologies in operations.
Prominent Wall Street analysts have updated their price targets and ratings recently, showing a generally favorable view of PepsiCo’s outlook.

PepsiCo, Inc. (NASDAQ: PEP) is poised to release its financial results for the fourth quarter prior to the market opening on Tuesday, February 3. Market analysts currently anticipate that the company will announce earnings of approximately $2.24 per share, reflecting an increase from $1.96 per share reported in the same quarter last year.

Revenue projections also indicate growth, with the consensus estimate standing at $28.97 billion, compared to $27.78 billion reported in the previous corresponding quarter, according to data compiled by Benzinga Pro.

This anticipation comes as PepsiCo recently revealed a strategic partnership on January 6, involving Siemens and NVIDIA. The collaboration is focused on enhancing plant and supply chain operations by leveraging advanced digital twin technology and artificial intelligence. Such innovations signal the company's commitment to operational efficiency and technological advancement.

On Monday, the company’s shares rose by 1%, closing at $155.20, reflecting positive market sentiment ahead of the earnings disclosure.

Investors seeking the latest insights can consult Benzinga’s Analyst Stock Ratings page, which offers up-to-date evaluations sorted by ticker, company, and analyst metrics.


Recent Analyst Ratings and Price Target Revisions

A review of recent analyst activity reveals several updates from some of Wall Street’s most accurate forecasters:

  • UBS analyst Peter Grom retained a Buy rating on PepsiCo stock but slightly lowered his price target from $172 to $170 on January 14, 2026. Grom’s rating accuracy rate is 60%.
  • At Citigroup, Filippo Falorni maintained a Buy rating and increased his price target from $165 to $170 as of December 17, 2025. Falorni's forecast accuracy stands at 56%.
  • Barclays’ Lauren Lieberman preserved an Equal-Weight rating while bumping the price target modestly from $142 to $144 on December 11, 2025. Lieberman’s accuracy rate is recorded at 59%.
  • JP Morgan’s Andrea Teixeira upgraded PepsiCo from Neutral to Overweight and raised the price target from $151 to $164 on December 10, 2025. This analyst has a 60% accuracy rate.
  • Piper Sandler’s Michael Lavery held an Overweight rating and increased the price target notably from $161 to $172 on December 9, 2025. His accuracy rate is reported at 63%.

Investor Considerations

As PepsiCo approaches its upcoming earnings announcement, these analyst revisions indicate a broadly positive outlook with measured adjustments reflecting evolving market and operational insights. Investors are advised to closely monitor the official earnings release and subsequent market reactions. The current stock price and analyst ratings suggest confidence in PepsiCo’s growth trajectory but also highlight areas of cautious optimism among financial experts.

Benzinga Rankings provide investors a comprehensive toolset for assessing vital metrics on PepsiCo and other stocks, covering elements such as momentum and market quality.

Risks
  • The article does not specify any operational or market risks that could impact earnings realization.
  • Potential uncertainties in the integration and effectiveness of new digital twin and AI technologies remain unaddressed.
  • Analysts' price targets vary, indicating some divergence in expectations which could reflect differing risk assessments.
  • External market conditions around the earnings announcement date are not detailed, adding volatility uncertainty.
Disclosure
Education only / not financial advice
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