PepsiCo's Popping a Bit, but AI Investors Might Prefer This Stock
Every three months, investors get an in-depth snapshot of how every publicly traded company's businesses are performing. Quarterly reports can often lead to big short-term stock price movements as well, although that's less important than the insight that those reports provide about the longer-term prospects for the company. With the third quarter having ended on Sept. 30, companies are now starting to get their numbers together and report their latest results.
One of the first companies off the mark in October was PepsiCo (NASDAQ: PEP). The beverage giant reported its third-quarter results Tuesday morning. Investors were generally pleased with what they saw, but for those who are more interested in what's happening in the artificial intelligence (AI) realm right now, the latest news from Palantir Technologies (NYSE: PLTR) might be of more interest. Here are all the details you need to know about both companies.
Shares of PepsiCo were up about 2% early Tuesday morning. The company behind many popular brands of beverages and snack foods reported third-quarter financial results that showed its business holding up well even in the face of some adverse pressures.
Source Fool.com
PepsiCo Inc. Stock
With 22 Buy predictions and not a single Sell prediction PepsiCo Inc. is an absolute favorite of our community.
As a result the target price of 174 € shows a slightly positive potential of 8.74% compared to the current price of 160.02 € for PepsiCo Inc..
