Argus Research Raises PM Price Target to $220

On October 26, 2026, Argus Research raised its price target for Philip Morris International Inc. (PM) to $220 from $210, while keeping a Buy rating on the stock. This change signals increased confidence in the company's future performance. The update came in a research note from Argus, which did not initiate coverage but maintained its positive outlook.

PM Philip Morris International Inc.

$199.47 ▲ +27.67% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Other Institutional Activity in Philip Morris International Inc.

Ascent Wealth Partners recently added 3,860 shares of Philip Morris, bringing its total to 3,860 shares worth about $736,565. Accurate Wealth Management increased its holdings by 4,220 shares, resulting in a total of 20,586 shares valued at approximately $4.1 million. In contrast, Capital International Investors trimmed its stake by 509,331 shares, leaving it with 72,252,261 shares valued at around $14.6 billion. GQG Partners LLC also reduced its position, selling 4,669,968 shares for a total of 45,436,985 shares worth about $9.2 billion.

Philip Morris International Inc. Stock Down 1.1%

As of October 26, 2026, Philip Morris shares closed at $202.44, but recently traded around $199.47, which is about 1.5% below that closing price. The stock is currently above its 50-day moving average by 3.6% and its 200-day average by 10.3%. However, it remains about 5.2% below its 52-week high of $210.45.

Recent Earnings

Philip Morris reported trailing twelve-month revenue of approximately $43.1 billion, with a net margin of 24.8%. Its earnings per share (EPS) for the same period was $6.85. The next earnings report is scheduled for February 4, 2027.

Insider Buying and Selling at Philip Morris International Inc.

In recent insider activity, Frederic J De Wilde, an officer, sold 20,000 shares on February 19, 2026, at an average price of $182.58, totaling about $3.65 million. Jacek Olczak, the officer and director, also sold 80,000 shares on the same day at an average price of $182.18, amounting to approximately $14.57 million. Additionally, Stacey Kennedy sold 14,350 shares on February 20, 2026, at an average price of $183.13, valued at about $2.63 million.

Analysts Set New Price Targets

On October 26, 2026, Argus Research maintained its Buy rating for Philip Morris with a new price target of $220, up from $210. Earlier, Needham also maintained a Buy rating with a target of $220, while Citigroup set a target of $225. UBS has a Neutral rating with targets of $193 and $201, reflecting a range of opinions on the stock's potential.

About Philip Morris International Inc.

Philip Morris International Inc. is a leading tobacco company based in Stamford, Connecticut. It offers a wide range of products, including traditional cigarettes and smoke-free alternatives like heat-not-burn and e-vapor products under well-known brands such as IQOS and VEEV. The company has focused on transitioning to smoke-free products, which are becoming increasingly popular among consumers.

Bottom Line

Investors should watch for Philip Morris's upcoming earnings report on February 4, 2027, and any further analyst updates following this target increase. Argus Research's latest call adds to the growing support for the stock, which has a strong position in the tobacco industry.