PepsiCo (NASDAQ: PEP) Stock Analysis: Analyst Price Target and Q2 Earnings Outlook

• BNP Paribas has set a new $183 price target for PepsiCo (NASDAQ: PEP), indicating a potential upside of 27.18%.
• PepsiCo is currently underperforming its rival Coca-Cola (NYSE: KO), trading approximately 16% below its 52-week high.
• Analysts project PepsiCo's upcoming Q2 revenue at $23.94 billion and earnings per share (EPS) at $2.21.

An analyst from BNP Paribas has set a new PepsiCo (NASDAQ: PEP) stock price target of $183. When this target was published on July 8, 2026, the stock was trading at $143.89 per share. This new price target represents a potential upside of 27.18% from its price at the time, offering a key insight into the current investment outlook.

PepsiCo, a global food and beverage giant, faces its main competitor, Coca-Cola (NYSE: KO). The positive analyst outlook comes as PepsiCo prepares for its second-quarter earnings report. This report is significant as the company's stock has been underperforming its rival and facing downward pressure in the market, impacting its overall market performance.

The stock is currently trading approximately 16% below its 52-week high, as highlighted by The Motley Fool. In contrast, its competitor Coca-Cola recently achieved a new record high. This shows a split in market performance between the two beverage industry leaders ahead of their respective earnings announcements.

Investors are now focused on PepsiCo's upcoming financial results, due on July 9. Analysts project revenue of $23.94 billion and earnings per share (EPS) of about $2.21. EPS is a measure of a company's profit divided by its outstanding shares, indicating profitability on a per-share basis.

As noted by Zacks Investment Research, the market will be watching for signs of a turnaround in North America after slow snack demand. Despite this, PepsiCo has a strong history, having exceeded revenue estimates for the past five consecutive quarters and beaten EPS estimates in nine of the last ten quarters, reinforcing its long-term market outlook.