Forecast Of The Day: Keurig Dr Pepper’s Coffee Systems Revenues
Keurig Dr Pepper (NASDAQ:KDP) Coffee Systems revenues have increased from $4.23 billion in 2019 to $4.8 billion in 2021. Trefis expects the metric to grow to around $5 billion by 2023.
We expect steady growth in the revenue driven by the increasing popularity of coffee and new product innovations coupled with increasing partnerships in the U.S.
However, we think the projected growth in Keurig Dr Pepper’s revenue is largely priced into its stock. We value KDP stock at $39, roughly in line with the market price.
See Our Complete Analysis For Keurig Dr Pepper
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