TD Cowen Maintains Hold Rating for Procter & Gamble Stock

TD Cowen has reiterated its Hold rating for Procter & Gamble (PG) stock, maintaining a price target of USD 150.00 in a note dated September 30, 2026. The firm's stance aligns with the stock's current valuation, though its target remains above the latest market quote, reflecting a cautious yet optimistic outlook.

Procter & Gamble reported fiscal 2026 net sales of USD 87.0 billion, marking a 3.00 percent increase from the prior year. The company also recorded 1.00 percent organic sales growth, 1.00 percent core earnings-per-share growth, and USD 19.6 billion in operating cash flow. Analysts note that the sales increase was driven by factors beyond organic growth, including pricing, foreign exchange, and portfolio adjustments.

As of October 2, 2026, PG stock traded within a 12-month range of USD 137.62 to USD 167.25, with a latest quote of USD 144.91. TD Cowen's target is part of a broader analyst consensus, which includes 23 ratings, 13 Buy and 10 Hold, with an average target of USD 161.55. Meanwhile, the euro quote for PG stock stood at EUR 129.14 as of October 5, 2026, up 0.50 percent from the prior close.

Investors will have another opportunity to assess the company's performance when Procter & Gamble discusses its first-quarter fiscal 2027 results on October 22, 2026, at 8:30 a.m. ET. This upcoming report will provide further insight into whether the growth trends from fiscal 2026 are likely to continue.