Piper Sandler on Keurig Dr Pepper (KDP): 'Good Setup For 2026'

Piper Sandler analyst Mike Lavery reiterated an Overweight rating and $38.00 price target on Keurig Dr Pepper (NASDAQ: KDP).

The analyst commented: "Good Setup For 2026; KDP's 2026 setup is appealing, with good visibility on drivers of sustainable USRB top-line momentum and moderating coffee costs in 2H26. KDP has a strong innovation pipeline for 2026 in USRB, with Dr Pepper creamy coconut LTO just launching and Canada Dry strawberry fruit splash, which launched in February. Momentum in the CSD and energy drink categories is also attractive. Coffee costs peaked in 1Q26 and should begin to moderate in 2Q26, with a significant step-down in cost pressure in 2H26. KDP also has 2026 costs locked in for packaging and transport. We maintain our 2026E EPS of $2.30, our 2027E EPS of $2.50, and our $38 PT."

For an analyst ratings summary and ratings history on Keurig Dr Pepper click here. For more ratings news on Keurig Dr Pepper click here.

Shares of Keurig Dr Pepper closed at $28.53 yesterday.

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