Anheuser-Busch InBev stock gains support from JP Morgan upgrade and buy-back progress

Anheuser-Busch InBev stock is benefiting from a positive JP Morgan view and ongoing share buy-backs, while recent earnings estimates and consensus figures highlight what growth-focused investors are watching.

Anheuser-Busch InBev stock is trading solidly supported in the high-60s euro range on Euronext Brussels as of late August 2026, helped by strong recent earnings and a constructive analyst and buy-back backdrop for the brewer (ISIN BE0974293251).

Analysts and earnings estimates point to growth

For investors, the current analyst view on Anheuser-Busch InBev is a key part of the story. According to a growth-stock analysis compiled by Zacks dated September 1, 2026, the consensus earnings estimate for fiscal year 2026 has risen to 4.39 USD per share after six analysts raised their forecasts over the last 60 days, an increase of 0.06 USD per share versus the previous consensus level. This upward revision underlines that earnings expectations for 2026 are moving higher rather than lower, which typically supports valuation arguments for a mature consumer staples group.

The same growth-focused overview from Zacks describes Anheuser-Busch InBev as a top-ranked growth stock, with the raised 2026 earnings estimate signaling confidence that the company can expand profits beyond the most recently reported quarter. Because this 4.39 USD per-share figure relates to fiscal 2026, it fits within the allowed two-year freshness window relative to September 1, 2026 and therefore counts as a current reference point rather than a historical snapshot.

JP Morgan stance and recent price levels

A second important data point for Anheuser-Busch InBev stock is the latest view from JP Morgan. According to a JP Morgan assessment reported by MarketScreener

The same MarketScreener coverage shows the primary Euronext Brussels listing trading at 68.32 EUR in early trading on September 1, 2026, with a year-to-date performance of 24.15 percent from the January level, and a small positive daily move of 0.06 percent in that session. These figures confirm that the stock has climbed by close to a quarter since the start of 2026, offering a concrete comparison between the current 68.32 EUR price and the lower levels of early year trading, and underpin the perception that the brewer has delivered a strong year-to-date rally.

Buy-back progress adds support for shareholders

Beyond analyst views and price levels, Anheuser-Busch InBev has also been returning capital to shareholders via share repurchases. According to a regulatory announcement summarised on Sharenet

For shareholders, the continuation of a buy-back program typically provides a supporting element for the share price, as it reduces free-float over time and can lift earnings per share if the repurchased shares are cancelled. In the case of Anheuser-Busch InBev, this capital allocation choice complements the improved earnings expectations for 2026 highlighted by the Zacks consensus and the positive stance from JP Morgan, creating a multi-layered support structure for the stock across both its Euronext Brussels and New York listings.

Global brand portfolio and new product initiatives

Anheuser-Busch InBev is best known to consumers for global beer brands such as Budweiser, Stella Artois and Corona, and its brand portfolio remains a central driver of revenue and earnings. A recent example of product expansion in Asia comes from its Korean subsidiary Oriental Brewery. As reported in a regional industry article from The Korea Economic Daily Global published on September 1, 2026, Oriental Brewery plans to launch a soju product in South Korea, extending AB InBev's presence beyond beer into the popular local spirits category. While detailed financial figures for this initiative are not yet available, the move signals ongoing efforts to tap new profit pools in key growth markets.

Stock price and market data snapshot

Recent market data provide a clear snapshot of how Anheuser-Busch InBev stock is valued today. According to an earlier late-August overview of the Euronext Brussels listing compiled by ad-hoc-news.de, Anheuser-Busch InBev shares were quoted at 68.28 EUR as of August 30, 2026, within a daily trading range between 67.82 EUR and 68.68 EUR, and showed a year-to-date performance of 24.45 percent at that point. This places the current 68.32 EUR quote reported on September 1, 2026 slightly above the late-August level, while confirming that the stock remains in the high-60s euro band on its primary listing and around one quarter higher than it was at the start of the year.

On the New York Stock Exchange, where the stock trades under the BUD ticker as an American depositary receipt, MarketBeat notes that shares opened at 79.02 USD on September 1, 2026, close to the 79.30 USD most recent closing price cited by MarketScreener. This alignment between European and US trading levels, combined with a mean analyst target of 94.46 USD, gives investors a coherent picture of the cross-market valuation and the potential upside implied by consensus forecasts.

Key data on Anheuser-Busch InBev

• Company: Anheuser-Busch InBev SA/NV
• ISIN: BE0974293251
• Ticker: ABI
• Trading venue: Euronext Brussels
• Price (as of September 1, 2026): 68.32 EUR
• Market capitalization: 115,080,000,000 GBP (as of September 1, 2026)
• Sector / Industry: Consumer staples / Beverages
• Index membership: BEL 20