Philip Morris International (NYSE:PM) is one of the most profitable consumer stocks to buy now. Goldman Sachs raised its price target on Philip Morris International (NYSE:PM) to $200 from $190 on July 17, maintaining a Buy rating and signaling confidence in the tobacco giant’s earnings trajectory. The new target implies an upside of nearly 12% from the current share price of $178.70.
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The upward revision comes ahead of the company’s next earnings release, with Goldman pointing to improved operational visibility and strong execution in key international markets. Analysts highlighted the company’s ability to navigate shifting regulatory environments while preserving margins through disciplined cost controls and a balanced pricing strategy.
Philip Morris has also continued to expand its presence in non-combustible products, though Goldman’s update did not place sole emphasis on this segment. Instead, the note referenced broad-based strength in the company’s global footprint, where consistent performance in both developed and emerging markets has helped support top-line growth.
Investors will be watching closely for commentary on shipment volumes, inventory trends, and guidance updates. With shares hovering near their recent highs, Goldman’s call suggests confidence that Philip Morris still has room to move higher as it balances legacy operations with ongoing product innovation.
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