Anheuser-Busch InBev stock gains as RBC confirms Buy rating and buyback support
Published on 09/11/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Anheuser-Busch InBev stock (ISIN BE0974293251) is trading with support from renewed analyst commentary, as Royal Bank of Canada reiterated its Buy stance with a target price of EUR 93 on September 11, 2026 while the company continues a multibillion dollar share buyback program that repurchased 889,223 shares for EUR 60.93 million between August 31 and September 4, 2026.
RBC sticks to Buy rating and EUR 93 target
According to wallstreet-online on September 11, 2026, Royal Bank of Canada has reaffirmed its Outperform recommendation on AB Inbev shares, keeping the price target unchanged at EUR 93, signaling that the bank still sees upside of more than 20 percent from the latest New York closing level when translated into United States dollar terms.
In European trading, AB Inbev shares were cited around the high 60 euro zone, with one Tradegate snapshot mentioning a price of EUR 67.68 on September 11, 2026 and a positive move of 1.26 percent intraday, underlining that the brewer’s stock is finding demand in the wake of the reiterated target, even if the main reference listing for international investors remains the NYSE ADR.
Share buyback and EBITDA growth guidance frame fundamentals
The equity story is being supported by ongoing capital returns; over the period from August 31 to September 4, 2026, Anheuser-Busch InBev repurchased 889,223 shares for a cash consideration of EUR 60.93 million under its previously announced share buyback program of up to USD 6 billion, with the shares to be held as treasury stock to meet future share delivery obligations under employee ownership plans, as reported by Ghostmail on September 10, 2026.
This buyback activity implies an average repurchase price of roughly EUR 68.50 per share over that period when dividing the EUR 60.93 million cash outlay by 889,223 shares, a level broadly consistent with the recent Euronext Brussels trading range and about 26 percent below the EUR 93 analyst target, illustrating the gap between current market pricing and the valuation frame used by RBC.
Beyond capital allocation, investors are also focused on operating momentum; earlier management guidance indicated a target of around 4 percent to 8 percent EBITDA growth for 2026 driven by the scaling of the company’s BEES digital marketplace platform, according to commentary compiled from earnings call insights by ad-hoc-news based on Seeking Alpha material.
Capital markets day and Beyond Beer expansion
Strategic positioning also enters the picture as UBS expects AB Inbev to emphasize the expansion of its Beyond Beer portfolio at an upcoming capital markets day, a theme that could shift growth expectations toward non-traditional segments such as ready-to-drink beverages and flavored alcoholic drinks, as Italian coverage from MarketScreener highlighted on September 11, 2026.
That focus on Beyond Beer comes alongside a consensus structure where MarketScreener data show an average analyst price target of USD 94.48 for the NYSE-traded ADR and an average rating tilt toward Buy, while the last recorded United States closing price stood at USD 78.07, implying potential upside of roughly 21 percent if the average target is reached; this gap provides one quantified comparison between current market pricing and the valuation lens of the broader sell-side community.
Analyst landscape and risk considerations
While RBC and the broader consensus signal a constructive stance, the analyst landscape is not uniformly bullish; Barron’s Stock Grader data for the BUD ADR on September 11, 2026 indicated an overall Hold score of 52.84 with an average price target of USD 98.23 based on 27 ratings, suggesting that some houses see higher upside but also that the stock sits in a middle band between clear Buy conviction and outright avoidance.
Risks around consumer staples valuations in the current rate environment also matter, as higher global bond yields and expectations of renewed European Central Bank rate hikes have weighed on regional equities, a macro backdrop referenced in the same ad-hoc piece based on Kitco commentary, and this could limit multiple expansion for brewers even as operational metrics improve.
Stock level on the NYSE ADR
On the primary United States listing, Anheuser-Busch InBev’s BUD ADR closed at USD 77.98 on the New York Stock Exchange on September 9, 2026, down 2.19 percent from the prior session according to NYSE data summarized by ad-hoc-news, a move that left the stock below the average analyst targets but still supported by share buybacks and EBITDA growth ambitions.
Key data on Anheuser-Busch InBev stock
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: BUD
- Trading venue: NYSE
- Price (as of September 9, 2026, 16:00): 77.98 USD
- Market capitalization: 77.98 USD price reference ADR, broader market cap context from NYSE listings
- Sector / Industry: Consumer Staples / Beverages
- Index membership: Euro Stoxx 50 via European listing, ADR referenced in United States indices
