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PMPMConsumer Defensive · Tobacco

PM Stock Forecast: Philip Morris International, Inc. Price Predictions for 2026-2027

Last close, 3 Sept 2026
$186
−0.94% on the day

The 16 Wall Street analysts covering Philip Morris International, Inc. hold a median 12-month price target of $210 — +12.8% from the last close. Ticker Nerd's systematic factor model, run across ~4,600 US stocks, ranks it 81 of 100 as at 2 Sept 2026 — inside the top quartile. Here, the model and the Street point the same way.

Market cap
$292.9B
Ticker Nerd rank
81 / 100
Median analyst target
$210
Analysts covering
16
Revenue$11.2B+10.4% y/y
Operating income$4.5B
Net income$3.0B
Free cash flow$5.1B
Quarterly, 8 quarters to 30 June 2026 · latest quarter's figure shown
Total return, dividends reinvested
1W
−2.3%
1M
−0.7%
YTD
+18.1%
1Y
+18.2%
From 52W high
−7.0%
From 52W low
+32.4%
$141
$200
52-week range, adjusted closes · the dot is the last close
Ticker Nerd rank

PM stock analysis: one number for the whole business

Consensus tells you what everyone already believes. The model scores Philip Morris International, Inc. on its factor families — the same systematic rank behind the Ticker Nerd portfolio.

Where the model ranks itAs at 2 Sept 2026
81 / 100

Percentile across ~4,600 US stocks on Ticker Nerd’s systematic factor model. Higher is better. How the model is built and tested

Quality
88
Issuance
88
Momentum
79
Volatility
77
Growth
74
Revisions
64
Accruals
58
Value
50
Size
1

Quality (88): The business earns solid, repeatable profits on what it owns.

Value (50): The shares cost a lot relative to the profits and assets behind them.

Size (1): Larger than most of the companies we track — more scrutinised, less often mispriced.

Built and run by Aslam Ghouse, an ex-Goldman Sachs quant trader with fourteen years in markets.

Wall Street

PM stock forecast 2026-2027: analyst price targets & predictions

The bullish and bearish analyst opinions on PM, reported as data — targets and ratings, the market's view beside the model's.

Share price and the analyst range, 12 monthsAdjusted close, US dollars
$140$160$180$200$220$240Oct 25Jan 26Apr 26Jul 26PMHigh $230Median $210Low $175

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Data provided by Twelve Data

What Wall Street says16 analysts
12 Buy4 Hold0 Sell
Low $175Median $210High $230

The green dot is the last close — the median target sits +12.8% from it.

Recent analyst actionsNewest first

Of the 20 most recent actions, 6 moved their price target up and 0 moved it down.

DateFirmActionRatingTarget
30 July 2026CitigroupMaintainsBuy$210 → $225
29 July 2026BarclaysMaintainsOverweight$205 → $225
23 July 2026Morgan StanleyMaintainsOverweight—
23 July 2026Morgan StanleyMaintainsOverweight$200 → $215
23 July 2026NeedhamMaintainsBuy$200 → $215
23 July 2026NeedhamMaintainsBuy—
23 July 2026StifelMaintainsBuy$195 → $205
23 July 2026StifelMaintainsBuy—
2 July 2026UBSMaintainsNeutral$168 → $182
2 July 2026UBSMaintainsNeutral—
3 June 2026Morgan StanleyMaintainsOverweight—
23 Apr 2026NeedhamReiteratesBuy—
17 Apr 2026Morgan StanleyMaintainsOverweight—
17 Apr 2026UBSMaintainsNeutral—
13 Apr 2026NeedhamMaintainsBuy—
10 Apr 2026StifelMaintainsBuy—
10 Feb 2026CitigroupMaintainsBuy—
10 Feb 2026NeedhamMaintainsBuy—
20 Jan 2026JefferiesDowngradeHold—
26 Nov 2025JP MorganMaintainsOverweight—

Price targets and ratings are third-party analyst estimates, reported here as data. They are not Ticker Nerd forecasts, and they are frequently wrong.

Market Radar

This page is one stock. Monday covers all of them.

Computed off the Friday close and sent before the US open.

Market Radar reports the week’s largest rank changes across roughly 4,600 US stocks, the factor behind each one, and where the market went. PM appears on the weeks it earns a place.

Free, every Monday. Unsubscribe any time.

Performance

PM vs the S&P 500

Both lines are total return — dividends reinvested — so the comparison is honest on both sides.

Over the twelve months to 3 Sept 2026, Philip Morris International, Inc. returned +18.2% against +21.4% for the S&P 500, dividends included.

PM vs S&P 500, last 12 monthsTotal return, rebased to 100
90100110120130Oct 25Jan 26Apr 26Jul 26PMS&P 500

Download this chart as an image — free to reuse; link this page as the source.

Data provided by Twelve Data

Estimates

PM analyst estimate revisions

Not the forecast itself — the direction analysts are revising it. Revision direction is one of the model's factor families.

Which way the estimates are movingNext fiscal year
EPS revision, 90 days
−0.3%
Analysts raising
2
Analysts cutting
9
Fundamentals

Philip Morris International, Inc. (PM) financial data

A margin means little on its own. Each bar marks where the figure sits across the whole US universe we score.

Valuation
Trailing P/E
25.8×

Cheaper than 29% of US stocks

Price / sales
6.9×

Cheaper than 19% of US stocks

Price / book
−44.1×

Cheaper than 99% of US stocks

EV / EBITDA
18.8×

Cheaper than 16% of US stocks

Growth & margins
Revenue growth (YoY)
10.4%

Higher than 53% of US stocks

Earnings growth (YoY)
−7.3%

Higher than 28% of US stocks

Gross margin
68.4%

Higher than 81% of US stocks

Operating margin
40.0%

Higher than 92% of US stocks

Net margin
25.6%

Higher than 86% of US stocks

Returns & dividend
Return on equity
−141.0%

Higher than 10% of US stocks

Return on assets
14.6%

Higher than 97% of US stocks

Dividend yield
3.1%

Higher than 67% of US dividend payers

Bars mark the percentile across the ~4,600 US stocks Ticker Nerd covers, among those reporting the figure.

Key statistics

Philip Morris International, Inc. (PM) statistics: revenue, profit & scale

The headline figures, each with its date. Every row carries its own link — cite it straight from here.

  • Philip Morris International, Inc. has a market value of $292.9B and an enterprise value of $338.0B.

  • Revenue in the twelve months to 30 June 2026: $42.5B. The latest quarter grew 10.4% year on year.

  • Net income over the same four quarters: $11.4B, a 26.9% net margin.

  • Diluted earnings per share, trailing twelve months: $6.96.

  • Free cash flow in the twelve months to 30 June 2026: $12.7B, after $1.5B of capital spending.

  • Philip Morris International, Inc. spent $9.0B on dividends in the twelve months to 30 June 2026.

  • Shares outstanding: 1.6B.

  • Trailing P/E: 25.8×; forward P/E: 20.5× — the forward figure prices analyst consensus estimates, not reported earnings.

  • Forward dividend yield: 3.12%, paying out 81% of earnings.

  • Philip Morris International, Inc. employs 84,900 people — $501K of revenue per employee.

Statement figures: company filings via Twelve Data, four quarters to 30 June 2026 · market figures as at 3 Sept 2026

Data provided by Twelve Data

Peers

PM vs competitors

The nearest names by industry and size, scored by the same model — like for like.

Its peer group, ranked by the same modelTobacco
CompanyMarket capTKN rank
PMPhilip Morris International, Inc.$292.9B
81
MOAltria Group, Inc.$116.8B
92
PGProcter & Gamble Co.*$343.8B
59
KOThe Coca-Cola Co.*$379.6B
90
COSTCostco Wholesale Corp.*$412.1B
50
PEPPepsiCo, Inc.*$192.1B
64
WMTWalmart, Inc.*$845.6B
44

* Nearest Consumer Defensive names by size — few tobacco companies of this scale trade in the US universe.

Look up any of the roughly 4,600 stocks we score.

The rank is the raw material. Whether the rules would actually own Philip Morris International, Inc. — and when they’d sell — is the membership. See the Ticker Nerd 20 →

News

Latest PM news & analysis

PMI U.S. Launches ZYN "When It Clicks," a New Brand Platform Built Around the Moment Everything Falls Into Place

PRNewsWire · 3 Sept 2026positive

PMI U.S. announced the national rollout of "When It Clicks," a new ZYN brand campaign built around the idea of the "click" as a signature brand cue. The campaign will launch across digital, out-of-home, and live cultural moments in 2026.

Why it matters — The launch signals PMI U.S.'s continued investment in growing and positioning its ZYN brand through a major new marketing push.

I've Been Wrong About Philip Morris International Stock for 5 Years. Here's Why I'm Finally Changing My Mind.

The Motley Fool · 1 Sept 2026positive

A Motley Fool writer who had been skeptical of Philip Morris International for five years says he is now changing his mind, citing the company's successful pivot from declining cigarette sales toward higher-growth, higher-margin smoke-free products. Strong second-quarter results indicate that this transformation is translating into solid financial performance.

Why it matters — PM watchers would care because the piece highlights growing external validation that the company's smoke-free transformation strategy is beginning to deliver measurable financial results.

Philip Morris International to Host Webcast of Fireside Chat Session at Barclays Global Consumer Conference

Business Wire · 1 Sept 2026neutral

Philip Morris International announced it will host a live webcast of a fireside chat with Group CEO Jacek Olczak at the 2026 Barclays Global Consumer Conference on September 8, 2026. An archived copy of the webcast will be available for six months after the event.

Why it matters — The fireside chat offers PM watchers an opportunity to hear the CEO discuss the company's strategy and outlook at a major investor conference.

Philip Morris: Big Tobacco With High-Growth Smoke-Free Assets - Premium Price Tag

Seeking Alpha · 25 Aug 2026positive

Philip Morris International's premium positioning across its smoke-free products (IQOS, ZYN, VEEV One) and Marlboro underscores robust pricing power amid uncertain macro conditions. The smoke-free segment now comprises over 41% of revenues, supporting a multi-year adoption runway amid secular combustible decline, with premium valuations justified by strong free cash flow, dividend growth, and lower debt leverage.

Why it matters — PM watchers would care because the article highlights the company's growing smoke-free revenue mix and pricing power as key drivers behind its premium valuation and expected dividend hike.

Philip Morris' ZYN ULTRA FDA Authorization Strengthens Smoke-Free Push

Zacks Investment Research · 24 Aug 2026positive

Philip Morris International received FDA authorization for 11 ZYN ULTRA nicotine pouches, expanding its U.S. smoke-free portfolio. The authorization supports the company's long-term transformation toward smoke-free products.

Why it matters — The FDA authorization broadens PM's smoke-free product lineup in the U.S. and advances its long-term transformation strategy.

FAQ

Frequently asked questions about PM stock

What is the PM stock price forecast for 2026-2027?

The 16 Wall Street analysts covering Philip Morris International, Inc. have a median 12-month price target of $210, with estimates ranging from $175 to $230. These are third-party analyst estimates, not Ticker Nerd forecasts, and they are frequently wrong.

Is PM stock a buy right now?

Of the 16 analysts covering Philip Morris International, Inc., 12 rate it a Buy, 4 a Hold and 0 a Sell. Ticker Nerd's systematic factor model ranks Philip Morris International, Inc. 81 out of 100 across roughly 4,600 US stocks as at 2 Sept 2026. None of this is personal advice — it does not consider your circumstances.

How does Ticker Nerd's model rank PM?

As at 2 Sept 2026, Philip Morris International, Inc. ranks 81 out of 100 on Ticker Nerd's systematic factor model — a percentile across roughly 4,600 US stocks, built from its factor families. Its strongest factor family is Quality (88 of 100).

Will PM stock go up?

No one can know that. What the data says: the median 12-month target from 16 analysts implies +12.8% from the last close, and Ticker Nerd's factor model ranks Philip Morris International, Inc. 81 out of 100 as at 2 Sept 2026. Analyst targets are third-party estimates and frequently wrong; none of this is personal advice.

What is the PM stock forecast for 2030?

No analyst covering Philip Morris International, Inc. publishes a 2030 price target — Wall Street targets run 12 to 18 months out. Sites quoting a 2030 price for PM are extrapolating price history, which says nothing about the business. The furthest attributed numbers are the current analyst targets: $175 to $230 over the next 12 months.

How has PM stock performed over the past year?

Philip Morris International, Inc. returned +18.2% over the 12 months to 3 Sept 2026, with dividends reinvested. Past performance does not indicate future returns.

What does Philip Morris International, Inc. do?

Philip Morris International Inc. is a global tobacco and nicotine company focused on cigarettes and smoke-free products.

What is the latest news on PM?

The most recent item we track (PRNewsWire, 3 Sept 2026): "PMI U.S. Launches ZYN "When It Clicks," a New Brand Platform Built Around the Moment Everything Falls Into Place". PMI U.S. announced the national rollout of "When It Clicks," a new ZYN brand campaign built around the idea of the "click" as a signature brand cue. The campaign will launch across digital, out-of-home, and live cultural moments in 2026.

Company

About Philip Morris International, Inc.

Philip Morris International Inc. is a global tobacco and nicotine company focused on cigarettes and smoke-free products. Its current portfolio includes combustible cigarette brands alongside heated tobacco systems, e-vapor products, and oral nicotine products such as IQOS, VEEV, and ZYN. The company sells its products across numerous international markets and organizes its business through regional segments covering Europe, Asia, the Middle East, Africa, the Americas, and travel retail. Philip Morris International serves adult consumers through a broad mix of established legacy brands and newer smoke-free offerings, making it an important participant in the worldwide shift toward alternative nicotine formats. Headquartered in Stamford, Connecticut, Philip Morris International plays a significant role in the consumer staples sector through its diversified product range and extensive international distribution network.

CEO Mr. Jacek Olczak · 84,900 employees · United States · https://www.pmi.com