Pepsi (PEP) Stock Is Crazy, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Talked About.  PepsiCo, Inc. (NASDAQ:PEP) is one of the stocks that Jim Cramer talked about.

Food products giant PepsiCo, Inc. (NASDAQ:PEP)’s shares are up by 15% over the past year and by 18% year-to-date. Several analysts have discussed the firm recently. For instance, UBS raised PepsiCo, Inc. (NASDAQ:PEP)’s share price target to $190 from $170 and kept a Buy rating on the stock in early February. The coverage followed the firm’s earnings report. During its fourth quarter, PepsiCo, Inc. (NASDAQ:PEP) earned $29.34 billion in revenue and $2.26 in adjusted earnings per share. Both of these beat analyst estimates of $28.97 billion and $2.24. Bank of America also discussed PepsiCo, Inc. (NASDAQ:PEP) after the earnings. It hiked the share price target to $173 from $164 and kept a Neutral rating on the shares. As part of its earnings announcement, the food and snack company also revealed that it would drop prices on some products by as much as 15% ahead of the Super Bowl. PepsiCo, Inc. (NASDAQ:PEP) factored into Cramer’s discussion as he commented on stocks that had not posted blockbuster growth but were nevertheless posting strong gains:

“How about PepsiCo? We cut price in FritoLay. Hey let’s take that up 10! It’s crazy.”

While we acknowledge the potential of PEP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.