
Philip Morris (PM) Stock Forecast & Price Target
Philip Morris (PM) Analyst Ratings
Bulls say
Philip Morris International is projected to continue gaining market share, with organic revenue growth expected to surpass 5% in 2026 and potentially reaccelerate in 2027, indicating robust operational momentum. The 2022 acquisition of Swedish Match significantly enhances PMI's presence in the smoke-free product market, particularly through high-growth nicotine pouch offerings, strengthening its competitive position. With key products like IQOS and Zyn potentially outperforming volume expectations, coupled with strong pricing strategies for combustibles, PMI is well-positioned for increased operating profits and enhanced earnings per share.
Bears say
Philip Morris International is facing a negative financial outlook due to a projected organic revenue growth of only 5-7%, which is below the 2024-2026 targets, as the company experiences a notable 3% decline in combustible volumes and a slowdown in smoke-free product growth. The decline in combustible volumes, combined with challenges such as pricing pressures from an upcoming excise tax increase on IQOS in Japan and destocking of ZYN in the U.S., is leading to revenue declines and margin contraction. Additionally, risks associated with market share erosion and category weakness may further negatively impact consensus revenue estimates, margins, and earnings, ultimately affecting the company's trading multiples.
This aggregate rating is based on analysts' research of Philip Morris and is not a guaranteed prediction by Public.com or investment advice.
Philip Morris (PM) Analyst Forecast & Price Prediction
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