Analysts Are Increasing Price Targets of These 5 Stocks

02. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 70

On April 25, Morgan Stanley increased its price target on PepsiCo, Inc. (NASDAQ:PEP) from $200 to $210 and maintained an Overweight rating on the shares after the company’s Q1 earnings release. According to the analyst, PepsiCo, Inc. (NASDAQ:PEP) results included a significant EPS beat, strong organic sales, and an increase in FY23 guidance. The analyst also praised PepsiCo, Inc. (NASDAQ:PEP) robust pricing power, limited demand elasticity, recent business reinvestments, and ongoing emphasis on productivity.