Bernstein Rates Keurig Dr Pepper (KDP) buy, $38 Price Target
Bernstein has reaffirmed its buy rating on Keurig Dr Pepper, setting a price target of $38, a 18.75% upside from the current price.
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Bernstein rated Keurig Dr Pepper Inc. ($KDP) "buy" with a $38 price target on June 12, 2026.
Since the rating, $KDP is down 2.7% after 1 week, down 0.8% after 1 month and up 10.8% to date (from the $31.26 close on Jun 12, 2026).
KDP
Keurig Dr Pepper Inc.
Key Points
- On June 12, 2026, Bernstein reiterated its buy rating on Keurig Dr Pepper Inc. (KDP) with a price target of $38, while the stock is currently priced at $32.00.
- Bernstein's $38 price target implies 18.75% upside from Keurig Dr Pepper Inc.'s ($KDP) current $32 share price.
- The stock is trading near its 52-week high of $33.82, indicating strong market performance recently.
- The consensus among 17 analysts gives Keurig Dr Pepper a mean price target of $36.21, reflecting a positive outlook on the company's growth.
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Bernstein's Continued Confidence in KDP
On June 12, 2026, Bernstein reiterated its buy rating on Keurig Dr Pepper Inc. (KDP), setting a price target of $38. The stock is currently priced at $32.00, showing a steady performance in the market. Bernstein's analyst Cristian Rios expressed confidence in the company's prospects, aligning with a broader positive sentiment among Wall Street analysts.
Comparing Ratings Across Wall Street
Bernstein's reaffirmation of its buy rating comes as part of a generally favorable outlook from other analysts. On September 15, 2026, Argus Research also reiterated its buy rating with a target of $36.00. HSBC upgraded KDP to a buy rating on August 13, 2026, with a target of $40. Barclays maintained an overweight rating with a target of $38.00 on August 10, 2026. These ratings suggest a consensus among analysts regarding the company's growth potential and market position.
Stock Performance and Market Context
Keurig Dr Pepper's stock is trading near its 52-week high of $33.82, which is a positive indicator of its performance. With a current price of $32.00, the stock has shown resilience in the market. The company has a market cap of approximately $41.7 billion and a P/E ratio of about 30.93, which reflects investor confidence in its profitability. The stock's price is also well above its 50-day moving average of $31.14, indicating strong momentum.
$KDP price target
Keurig Dr Pepper Inc. daily closes and this analyst's $38 target. Not advice.
Recent Earnings
Keurig Dr Pepper reported revenue of approximately $20.1 billion, with a revenue growth rate of 75.6%. The company has a net margin of 7.1% and an ROE of 5.1%. Its next earnings report is scheduled for October 26, 2026, which will provide further insights into its financial health.
Overview of Keurig Dr Pepper
Keurig Dr Pepper Inc. is a major beverage company that owns and produces a wide range of drinks, including soft drinks, coffee, and teas. It operates through various segments and markets its products to numerous retailers and consumers directly. The company's diverse portfolio and strong brand presence contribute to its competitive edge in the beverage industry.
What’s Next for KDP?
Investors will be watching closely as Keurig Dr Pepper prepares for its next earnings report on October 26, 2026. Bernstein's reaffirmation of its buy rating and price target of $38 suggests confidence in the company's continued growth, even as market conditions evolve. As always, it's important to note that the recent analyst ratings reflect past performance and may not represent current market conditions.
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Source: Bernstein's rating change on $KDP (Jun 12, 2026). Written by software, not financial advice. How we make alerts