Wells Fargo Raises PT on PepsiCo (PEP), Keeps a Hold Rating

​PepsiCo, Inc. (NASDAQ:PEP) is one of the Best Forever Stocks to Invest In Now. On October 9, PepsiCo, Inc. (NASDAQ:PEP) released its fiscal third-quarter results for 2025. The company posted an EPS of $2.29, ahead of the consensus by $0.03. In addition, the revenue of $23.84 billion, which grew 2.65% year-over-year, also topped estimates by $89.71 million.

​Management noted that they continue to expect low single-digit organic revenue growth with core currency EPS approximately in line with the previous year. Moreover, management is focused on accelerating growth and optimizing its cost structure.

A day​ after the earnings call on October 10, Christopher Carey from Wells Fargo raised the firm’s price target on PepsiCo, Inc. (NASDAQ:PEP) from $150 to $154, while maintaining a Hold rating on the stock.

​PepsiCo, Inc. (NASDAQ:PEP) is an international company that produces beverages and convenient foods under popular brand names. ​

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