Anheuser-Busch InBev stock gains after Deutsche Bank upgrade and fresh price targets
Published on 09/17/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Anheuser-Busch InBev stock (ISIN BE0974293251) was quoted around EUR 69.36 on Euronext Brussels as of September 17, 2026, up about 0.46% over five days and roughly 26.34% year to date, with fresh analyst upgrades helping underpin the move.
Analyst upgrades drive sentiment
According to CNBC on September 16, 2026, Deutsche Bank upgraded Anheuser-Busch InBev from hold to buy, arguing that while the shares look expensive on a price-to-earnings basis they appear cheap on free-cash-flow yield.
In a broker roundup, Interactive Investor reported on September 16, 2026 that Deutsche Bank lifted its price target for Anheuser-Busch InBev from EUR 72 to EUR 79 while changing its rating to buy, giving investors a concrete sense of the upside the bank now sees in the shares.
Goldman Sachs confirms buy stance and raises target
On the same trading day, a detailed broker note carried by MarketScreener showed Goldman Sachs reiterating its buy rating on Anheuser-Busch InBev on September 17, 2026 and nudging its euro price target from EUR 85 to EUR 86.
The same MarketScreener overview cited a last Euronext Brussels quote of EUR 69.36 as of 13:11 on September 17, 2026, with the stock up 3.31% since the start of the year and approximately 26.34% over the longer year-to-date horizon.
Stock performance and relative valuation
Price data from the MarketScreener snapshot indicate that Anheuser-Busch InBev shares closed at USD 79.67 for the New York listing, while the euro-denominated primary listing in Brussels traded around EUR 69.36 intraday on September 17, 2026.
The same overview highlighted a consensus price objective of USD 95.35, implying upside of more than 19% against the latest USD closing price if the average target is reached.
A separate market recap from DHnet on September 16, 2026 noted that AB InBev traded at EUR 69.04 in the BEL 20 index, up about 0.41% versus the previous close, underscoring the cautious but positive tone in the Belgian blue-chip benchmark.
Recent fundamental backdrop and cash generation
While the latest broker calls focus strongly on valuation, they are grounded in Anheuser-Busch InBev’s ability to convert its global beer portfolio into solid cash flow, which recent quarterly results have underpinned.
Deutsche Bank’s comment cited by CNBC stresses that on free-cash-flow yield the shares look attractive, suggesting that cash generation relative to the company’s market capitalization is a key part of the investment case in late 2026.
Goldman Sachs’ slight increase in its euro target from EUR 85 to EUR 86, as shown in the MarketScreener note, signals confidence that earnings and cash flow trends can support a higher valuation over time even after the stock’s double-digit year-to-date gain.
Risks and competitive landscape
The broker commentary implicitly acknowledges that Anheuser-Busch InBev is not immune to sector risks such as changing consumer preferences, input-cost inflation and currency volatility, factors that can compress margins despite strong brands.
However, the combination of a Deutsche Bank upgrade to buy with a EUR 79 target and Goldman Sachs’ confirmation of buy with an increased EUR 86 target suggests that leading houses currently see these risks as manageable relative to the brewer’s earnings power.
Stock level on Euronext Brussels
As of September 17, 2026, the primary listing of Anheuser-Busch InBev on Euronext Brussels traded around EUR 69.36, with the stock supported by a cluster of buy ratings and price objectives that sit noticeably above the current market level.
Key data on Anheuser-Busch InBev stock
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: ABI
- Trading venue: Euronext Brussels
- Price (as of September 17, 2026, 13:11): 69.36 EUR
- Market capitalization: [value] [currency] (as of [date])
- Sector / Industry: Consumer Staples / Beverages
- Index membership: BEL 20
