AlphaValue downgrades Anheuser-Busch InBev stock before Q3 results

Published on 10/20/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue: USD 16.66 billion, up 11.00 percent. Anheuser-Busch InBev stock costs EUR 74.27 on October 20, 2026, 0.69 percent above Xetra.

Rating and operating milestones

AlphaValue moved its rating to Add on October 16, 2026.
Second-quarter revenue reached USD 16.66 billion, up 11.00 percent year over year.
Anheuser-Busch InBev stock traded at EUR 74.27 at 10:01 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.69 percent above the Xetra close of October 19, 2026.

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Anheuser-Busch InBev stock was at EUR 74.27 at Lang & Schwarz on October 20, 2026, at 10:01 a.m. CEST, 0.69 percent above the Xetra close of October 19, 2026 at EUR 73.76. The latest analyst move came from AlphaValue, which downgraded the brewer to Add on October 16, 2026, according to MarketScreener.

Operating growth sets the backdrop

AB InBev reported USD 16.66 billion in revenue for the second quarter of 2026, an 11.00 percent increase from the second quarter of 2025. The company also reported USD 4.562 billion in operating profit and USD 3.751 billion in net income attributable to common shareholders for the quarter, according to its investor relations page.

The earnings profile gives the rating change a concrete backdrop. Second-quarter diluted earnings per share were USD 1.90, while operating profit reached USD 4.562 billion. The figures show that revenue growth was accompanied by higher reported operating profit during the period.

Three dated signals for the stock

Chronology puts the latest rating in context. On September 23, 2026, AB InBev presented a medium-term organic EBIT growth target of 5.00 percent to 9.00 percent through its Reignite strategy, as reported by Yahoo Finance. On October 8, 2026, RBC raised its price target from EUR 93.00 to EUR 95.00 and kept its Outperform rating, according to MarketScreener. On October 16, 2026, AlphaValue downgraded the stock to Add, also reported by MarketScreener.

What does EUR 95 mean?

RBC's EUR 95.00 target stands 27.95 percent above the EUR 74.27 Lang & Schwarz price. That gap is a valuation reference rather than a forecast from this article, while the Add rating introduces a more cautious counterweight ahead of the next results.

Next results arrive October 29

AB InBev is scheduled to report its third-quarter 2026 results on October 29, 2026, according to the company's investor calendar. The release will test whether the second-quarter revenue increase and operating-profit performance carried into the next reporting period.

Stock price holds above the close

The euro quotation was 0.69 percent above the previous Xetra session's EUR 73.76 close at the recorded time. For investors, the combination of a fresh rating shift, a dated earnings catalyst and double-digit quarterly revenue growth provides the clearest framework for reading the stock's next move.

Anheuser-Busch InBev stock was trading at EUR 74.27 at Lang & Schwarz on October 20, 2026, at 10:01 a.m. CEST, 0.69 percent above the Xetra close of October 19, 2026 at EUR 73.76. The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.