TD Cowen cuts its target to USD 85 for Anheuser-Busch InBev stock
Published on 10/19/2026 at 09:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTargets and operating results
- TD Cowen cut its target from USD 89.00 to USD 85.00 on October 13, 2026.
- Second-quarter revenue reached USD 16.66 billion after 11.00 percent year-over-year growth.
- Anheuser-Busch InBev stock closed at EUR 73.88 on October 16, 2026.
Anheuser-Busch InBev (ISIN BE0974293251) faces a lower valuation benchmark after TD Cowen cut its price target from USD 89.00 to USD 85.00 on October 13, 2026, while maintaining a Hold rating, according to MarketBeat. The next quarterly release is scheduled for October 29, 2026.
Three developments shape the stock
AB InBev reported second-quarter revenue of USD 16.66 billion on July 30, 2026, up 11.00 percent from the prior-year quarter. Underlying earnings per share rose 23.40 percent to USD 1.21, while normalized EBITDA increased 5.80 percent to USD 5.94 billion, according to Business Wire.
In chronological order, AB InBev reported second-quarter revenue of USD 16.66 billion on July 30, 2026. It disclosed USD 77.21 million of share buybacks on October 6, 2026, according to Sharenet. TD Cowen then lowered its target to USD 85.00 on October 13, 2026.
What does the target cut mean?
The revised target keeps the analyst view cautious even as the latest operating figures improved. AB InBev guided for normalized EBITDA growth of 4.00 to 8.00 percent in fiscal year 2026 and expects net capital expenditure of USD 3.50 billion to USD 4.00 billion, according to the second-quarter release. The balance sheet also improved, with net debt to normalized EBITDA at 2.86x on June 30, 2026, compared with 3.27x a year earlier.
October results set the next test
AB InBev has scheduled its third-quarter 2026 results for October 29, 2026. That release will show whether the company can sustain revenue growth while protecting normalized EBITDA margins after the 35.60 percent margin reported for the second quarter.
Stock reference stays dated
The last Xetra close was EUR 73.88 on October 16, 2026. The quote places the shares within a 52-week range of EUR 51.68 to EUR 76.10, while the market capitalization stood at EUR 129.3 billion as of October 16, 2026.
The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.
Anheuser-Busch InBev stock facts
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: ABI
- Primary exchange: Euronext Brussels
- Market capitalization: EUR 129.3 billion (as of October 16, 2026)
- 52-week range: EUR 51.68-EUR 76.10 (as of October 16, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
Market context: Market report Euro Stoxx 50.
