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:

Pepsi (PEP) Stock Is Crazy, Says Jim Cramer

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

While we acknowledge the risk and potential of PEP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than PEP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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