Key Highlights

● KDP closed at $31.76 on 9 October 2026.

● Market data consensus target is $36.00, implying about 13.4% upside.

● The analyst rating consensus is Buy.

● Argus reiterated its rating with a $36 target on 15 September.

Keurig Dr Pepper (NASDAQ:KDP), a constituent of both the S&P 500 and the Nasdaq-100, closed at $31.76 on Friday 9 October 2026. The consensus target sits moderately above the share price. Recent broker revisions have mostly been upward.

What Is the Latest Analyst Price Target?

Market data shows a consensus 12-month price target of $36.00 from 18 analysts, implying upside of about 13.4% from the $31.76 close. The range runs from $28 to $42.

The second data set, using third-party data, shows a mean of $36.21 and a median of $38, with a range of $29 to $42 from 18 analysts.

What Are Wall Street Analysts Saying?

Market data records 11 Buy and seven Hold ratings with no Sells, a Moderate Buy consensus. The second data set counts eight Strong Buy, five Buy and five Hold.

Named broker actions over the past three months were mostly positive. Argus reiterated Buy with a $36 target on 15 September. Morgan Stanley initiated coverage with an Overweight rating and a $38 target on 20 August. HSBC upgraded the shares from Hold to Buy with a $40 target on 13 August, while Barclays raised its target from $36 to $38 and UBS from $38 to $39. Royal Bank of Canada reiterated Outperform with a $42 target.

Earlier, JPMorgan raised its target from $33 to $38 and Citigroup from $32 to $37 in July, and Sanford C. Bernstein set a $39 target. The recent named targets average somewhat above the consensus of $36, which suggests the averages include some lower, possibly older, figures.

What Could Help the Stock Reach the Price Target?

Most recent named targets sit between $36 and $42, above the current price, suggesting analysts expect the shares to improve if the company executes. Several brokers raised their targets between July and August.

Market data says the second-quarter earnings per share of $0.57 beat a $0.54 consensus and revenue of $7.31 billion exceeded the $7.23 billion expected. Headlines refer to a planned Global Coffee Co. Separation, with Russ Torres named as chief executive of that business.

What Could Prevent the Stock Reaching the Target?

Seven analysts on market data maintain Hold ratings, indicating that opinion is not uniformly positive. The lowest target of $28 on market data is below the current price, and an independent ratings service maintains a Hold (C) rating.

A planned separation or other major corporate change can bring execution risks and make forecasts harder, so analyst targets may need to be revised as more information emerges. Beverage companies can also be affected by commodity costs, consumer demand and competition.

What Should Investors Watch Next?

Investors may wish to watch for further updates on the planned separation, any changes to analyst targets, and whether the Hold ratings convert to Buy or the reverse.

The Analyst Case for Keurig Dr Pepper, in Numbers

Keurig Dr Pepper closed at $31.76 on 9 October 2026, against a market data consensus target of $36.00. Argus reiterated Buy with a $36 target on 15 September.