The question of whether PepsiCo (NASDAQ:PEP | PEP Price Prediction) can punch through to a new all-time high in 2026 is closer to a coin flip than the chart suggests. Shares trade at $144.19, sitting roughly 1% below the 52-week high of $169.96, but the stock has lost 7.15% over the last month. Our proprietary model frames that pullback as a setup worth watching.

Our 24/7 Wall St. price target for PepsiCo is $172.85, implying 19.87% upside over the next 12 months and a fresh all-time high. The recommendation is buy, and our confidence is high at 90%.

24/7 Wall St. Price Target Summary