Wells Fargo cuts target for Anheuser-Busch InBev stock to USD 88.00
Published on 10/13/2026 at 10:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Wells Fargo cut its Anheuser-Busch InBev price target from USD 97.00 to USD 88.00 while retaining an Overweight rating.
- Reported revenue rose 11.00 percent to USD 16.66 billion in the second quarter of 2026.
- Anheuser-Busch InBev stock was trading at EUR 70.40 at Lang & Schwarz on October 13, 2026, plus 0.98 percent versus the October 12 Xetra close.
- Third-quarter 2026 results are scheduled for October 29, 2026.
Anheuser-Busch InBev (BE0974293251) was assigned a reduced USD 88.00 target by Wells Fargo on October 5, 2026, down from USD 97.00, while the bank kept its Overweight rating, according to MarketBeat. The stock was trading at EUR 70.40 at Lang & Schwarz on October 13, 2026 at 10:19 a.m. CEST, giving investors a live European-market reference as the company moves toward its next results release.
Three milestones shaped the setup
On May 5, 2026, AB InBev reported first-quarter underlying earnings per share of USD 0.97, up 20.80 percent from the prior-year quarter, in the investor materials published by Anheuser-Busch InBev. On July 30, 2026, reported revenue reached USD 16.66 billion in the second quarter, an 11.00 percent year-over-year increase, according to Business Wire. On October 5, 2026, Wells Fargo lowered its target from USD 97.00 to USD 88.00 while maintaining Overweight, according to MarketBeat.
What does the second quarter show?
The operating picture was stronger than the target revision alone suggests. In the second quarter of 2026, normalized EBITDA increased 5.80 percent to USD 5.938 billion, while the normalized EBITDA margin expanded to 35.60 percent, according to Business Wire.
The underlying earnings improvement was also quantified: underlying earnings per share rose 23.40 percent to USD 1.21 from USD 0.98 in the second quarter of 2025. The same release reported beer volume growth of 1.10 percent, showing that pricing, brand mix and volume each contributed to the quarter rather than revenue growth coming from one disclosed factor alone.
When are the next results due?
AB InBev's investor calendar lists October 29, 2026, for the third-quarter 2026 results release and the earnings call on the same date, with the release scheduled for 7:00 a.m. Brussels time, according to Anheuser-Busch InBev. That date gives the revised analyst target a clear near-term test: whether the company can extend the second-quarter combination of 11.00 percent reported revenue growth and 5.80 percent normalized EBITDA growth.
Stock gains against the Xetra close
At Lang & Schwarz, Anheuser-Busch InBev stock was trading at EUR 70.40 on October 13, 2026 at 10:19 a.m. CEST, up EUR 0.68 or 0.98 percent versus the Xetra close of October 12, 2026 at EUR 69.72. The stock remains below the EUR 76.18 52-week high, while its market capitalization was EUR 138.8 billion on October 13, 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.BR
- Primary exchange: Euronext Brussels
- Price Lang & Schwarz (as of October 13, 2026, 10:19 a.m. CEST): EUR 70.40
- Change versus Xetra close: plus 0.98 percent
- Market capitalization: EUR 138.8 billion (as of October 13, 2026)
- 52-week range: EUR 51.02-76.18 (as of October 13, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
- Next earnings date: October 29, 2026
Market context: Market report Euro Stoxx 50.
