Here's 1 Stock to Buy Going Into 2024 That Can Sweeten Your Portfolio a Little
As 2023 draws to a close, many investors are probably reviewing their portfolios and weighing the pros and cons of holding on to certain positions or taking some gains off the table. Given the tech sector's generous returns this year, fueled by hype around artificial intelligence, some investors may be tempted to double down on these winners.
But it's important to remember that a well-diversified portfolio should include a broad range of stocks -- and one industry that has lagged the markets this year is food and beverage. With weight-loss drugs such as Ozempic, Wegovy, and Mounjaro rising in popularity, investor sentiment around food and beverage stocks has waned.
One company in particular looks appetizing despite its negative 7% return so far this year: (NASDAQ: PEP). Given its depressed pricing action, now looks like a great buying opportunity. Let's dig into what is fueling PepsiCo, what risk factors the company faces, and where the shares could be headed.
Source Fool.com
PepsiCo Inc. Stock
With 16 Buy predictions and not the single Sell prediction the community is currently very high on PepsiCo Inc..
As a result the target price of 178 € shows a slightly positive potential of 11.24% compared to the current price of 160.02 € for PepsiCo Inc..
