PepsiCo Gets Price Target Boost from JPMorgan, Neutral Rating Held

PepsiCo, Inc. (NASDAQ:PEP) is one of the best trade-war-resistant stocks to buy now. On July 18, 2025, JPMorgan’s Andrea Teixeira raised PepsiCo’s price target from $139 to $157, while maintaining a Neutral rating, signaling cautious optimism that cost pressures and softer volume trends may be easing.

That upgrade comes right after the company’s Q2 2025 earnings release (July 17), where PepsiCo posted revenue of $22.73 billion (+1%), topping expectations, and adjusted EPS of $2.12 beating the $2.03 consensus. The results were powered by strong international growth, a modest uptick in North America beverage volumes, and improving mix, even as snack volume lagged behind.

Despite ongoing tariff-related headwinds, notably in aluminum packaging and concentrate sourcing, and sluggish consumer demand in its Frito‑Lay North America segment, JPMorgan likely believes PepsiCo’s pricing power and the recovery trajectory justify the more bullish target. The hike reflects confidence that management’s productivity and revenue growth strategies are beginning to stabilize core margins and volume dynamics.

PepsiCo is a global food and beverage giant, known for brands like Pepsi, Lay’s, and Gatorade, operating in over 200 countries and territories.

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