TD Cowen cuts target to USD 85: Anheuser-Busch InBev stock gains 1.61 percent
Published on 10/15/2026 at 11:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget cut and quarterly growth
- TD Cowen lowered its target from USD 89.00 to USD 85.00 on October 13, 2026.
- Second-quarter revenue reached USD 16.66 billion, an 11.00 percent year-over-year increase.
- Anheuser-Busch InBev stock trades at EUR 72.16 at 11:13 a.m. CEST at Lang & Schwarz on October 15, 2026, 1.61 percent above the Xetra close of October 14, 2026.
Anheuser-Busch InBev (BE0974293251) stock was trading at EUR 72.16 at Lang & Schwarz on October 15, 2026 at 11:13 a.m. CEST, up 1.61 percent versus the Xetra close of October 14, 2026 at EUR 71.02. The latest analyst move came from TD Cowen, which cut its price target from USD 89.00 to USD 85.00 while maintaining a Hold rating on October 13, 2026, according to MarketBeat.
Analyst caution meets strong results
The target reduction contrasts with the companys latest reported quarter. Anheuser-Busch InBev generated USD 16.66 billion in revenue in the second quarter of 2026, 11.00 percent more than in the same quarter of 2025. Adjusted earnings per share reached USD 1.21, above the USD 1.09 consensus estimate, according to MarketBeat. Revenue also exceeded the USD 16.23 billion consensus forecast by USD 0.43 billion.
The companys investor page identifies the second-quarter results release as July 30, 2026 and shows fiscal year 2025 revenue of USD 59.3 billion, normalized EBITDA of USD 21.2 billion and underlying earnings per share of USD 3.73. These figures provide scale, while the current debate centers on whether recent growth can offset valuation and volume concerns.
What does the target cut mean?
The lower target does not erase the operating comparison. In the second quarter of 2026, revenue rose 11.00 percent year over year and earnings per share beat consensus by USD 0.12, but TD Cowen still retained a Hold view. The contrast leaves the stock response and the upcoming results as the clearest tests of the analysts cautious stance.
Three dates frame the stock
The recent chronology is clear: on May 5, 2026, Anheuser-Busch InBev reported first-quarter revenue of USD 15.27 billion through a release carried by ET Net; on July 29, 2026, second-quarter revenue reached USD 16.66 billion; and on October 13, 2026, TD Cowen reduced its target to USD 85.00, as MarketBeat reported.
The next scheduled reporting date is October 29, 2026, when the company is due to publish third-quarter 2026 results, according to the AB InBev investor page. The release is the next dated catalyst after the target revision.
Stock trades above the Xetra close
At EUR 72.16, the Lang & Schwarz indication stands EUR 1.14 above the Xetra close of October 14, 2026, a 1.61 percent increase calculated against that close. The stock remains below its 52-week high of EUR 76.18 and above its 52-week low of EUR 51.60, with the range reported as of October 15, 2026.
The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.
Anheuser-Busch InBev market facts
- Company: Anheuser-Busch InBev SA/NV
- ISIN: BE0974293251
- Ticker: ABI
- Primary exchange: Euronext Brussels
- Price Lang & Schwarz as of October 15, 2026, 11:13 a.m. CEST: EUR 72.16
- Change versus Xetra close: plus 1.61 percent
- Xetra close October 14, 2026: EUR 71.02
- Market capitalization: EUR 142.1 billion (as of October 15, 2026)
- 52-week range: EUR 51.60-76.18 (as of October 15, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
Market context: Market report Euro Stoxx 50.
