Wells Fargo cuts target for Anheuser-Busch InBev stock to USD 88.00

Published on 10/07/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 5.60 percent to USD 16.66 billion in the second quarter of 2026. Anheuser-Busch InBev stock costs EUR 66.41 on October 7, 2026 after EUR 67.16.

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Anheuser-Busch InBev (ISIN BE0974293251) was trading at EUR 66.41 at Lang & Schwarz on October 7, 2026 at 10:36 a.m. CEST, down 1.12 percent versus the prior close of EUR 67.16. According to MarketBeat on October 5, 2026, Wells Fargo cut its price target from USD 97.00 to USD 88.00 while maintaining an Overweight rating.

Wells Fargo trims its target

The target reduction gives the latest analyst view a more cautious valuation anchor, even though MarketBeat reported that the broader sample included 12 Buy ratings and five Hold ratings. The same report placed the average analyst target at USD 88.83, but those dollar figures refer to the New York listing rather than the euro quote used in this article.

For investors, the key distinction is between a lower target and the company's operating trajectory. The Wells Fargo action changes the valuation reference, while the latest reported quarter shows stronger underlying earnings growth.

Second-quarter growth stays positive

According to Business Wire in the July 30, 2026 release, revenue increased 5.60 percent to USD 16.66 billion in the second quarter of 2026. Normalized EBITDA rose 5.80 percent to USD 5.94 billion, while the normalized EBITDA margin reached 35.60 percent.

The earnings comparison was stronger at the per-share level. Underlying EPS rose 23.40 percent year over year to USD 1.21 in the second quarter of 2026 from USD 0.98, while the company kept its fiscal 2026 normalized EBITDA growth outlook at 4.00 percent to 8.00 percent.

Next results arrive October 29

AB InBev's next scheduled reporting date is October 29, 2026, when it plans to release third-quarter 2026 results. The date and Brussels timing are listed on the company's investor-relations page, which also identifies the second-quarter release as the latest quarterly report.

The operating figures provide a counterweight to the target cut. Revenue growth, normalized EBITDA growth and the 23.40 percent increase in underlying EPS support a stronger earnings picture than the daily euro move alone suggests, while the target reduction signals that valuation remains contested.

Euro quote falls below prior close

At Lang & Schwarz, Anheuser-Busch InBev was trading at EUR 66.41 on October 7, 2026 at 10:36 a.m. CEST, down 1.12 percent versus the prior close of EUR 67.16. The company's market capitalization was USD 148.9 billion as of October 6, 2026, and the NYSE BUD listing had a 52-week range of USD 58.82 to USD 86.60.

The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.