Anheuser-Busch InBev stock: RBC raises target to EUR 95.00

Published on 10/20/2026 at 16:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 16.66 billion. Anheuser-Busch InBev stock costs EUR 74.41 on October 20, 2026, up 0.88 percent versus Xetra close.

Analyst target and reporting date

RBC raised its target from EUR 93.00 to EUR 95.00 on October 8, 2026.
AB InBev will publish third-quarter 2026 results on October 29, 2026.
Anheuser-Busch InBev stock costs EUR 74.41 at Lang & Schwarz on October 20, 2026 at 4:36 p.m. CEST, up 0.88 percent versus the Xetra close of October 19, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Hopfen und unetikettierter Bierflasche — Flatlay mit Aktienzertifikat, ISIN-Karte und Hopfen zeigt die Aktie Anheuser-Busch InBev, ISIN BE0974293251, Illustration mit AI erstellt.

Anheuser-Busch InBev (ISIN BE0974293251) is trading against a raised RBC target of EUR 95.00 after the research firm lifted its objective from EUR 93.00 on October 8, 2026. MarketScreener reported that RBC kept its Outperform rating. The target stands 27.67 percent above the EUR 74.41 Lang & Schwarz price. At 4:36 p.m. CEST on October 20, 2026, the stock was up 0.88 percent versus the Xetra close of October 19, 2026 at EUR 73.76.

Revenue sets the operating baseline

AB InBev reported USD 16.66 billion of revenue and USD 3.75 billion of net income attributable to common shareholders for the second quarter of 2026. Diluted earnings per share were USD 1.90 for that period. The company also generated USD 2.62 billion of operating cash flow in the second quarter.

Those figures give the analyst call a concrete operating reference. The revenue figure represents the latest completed quarter, while the RBC target places a 27.67 percent valuation gap above the current euro quotation. The two measures point to different investor questions: execution in the business and the valuation assigned to it.

How does the stock compare?

The price position is modestly positive against the Xetra close, but the broader valuation frame differs across brewers. Anheuser-Busch InBev has a USD 166.5 billion market capitalization and a price-to-earnings ratio of 14.01 as of October 20, 2026. Heineken trades at a 18.71 price-to-earnings ratio with a EUR 42.3 billion market capitalization, while Carlsberg trades at 19.88 with a DKK 126.8 billion market capitalization. Their quoted daily changes were plus 0.31 percent and plus 1.07 percent, respectively, on October 20, 2026.

October 29 is the next date

AB InBev's investor calendar lists October 29, 2026 for its third-quarter 2026 results, with the earnings release scheduled for 7:00 a.m. Brussels time. The second-quarter figures provide the latest reported comparison point before that publication. Investors will receive a fresh revenue, earnings and cash-flow update against the USD 16.66 billion revenue base from the second quarter.

RBC target frames the valuation

RBC's EUR 95.00 target is the most recent named price objective in the material reviewed here, and its EUR 2.00 increase gives the stock a defined valuation reference. The current quotation remains below that target while the daily move stays below the 1.00 percent threshold used for a directional headline.

Trading level and next release

The stock was trading at EUR 74.41 at Lang & Schwarz on October 20, 2026 at 4:36 p.m. CEST, up 0.88 percent versus the Xetra close of October 19, 2026 at EUR 73.76. The next scheduled company event is the third-quarter 2026 results release on October 29, 2026. The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.