Anheuser-Busch InBev SA/NV (BUD) Stock Forecast & Price Target

Anheuser-Busch InBev SA/NV
Bear Case

Investors should be bearish about investing in Anheuser-Busch InBev SA/NV for these reasons:

• Several major financial institutions have recently lowered their price targets, including TD Cowen cutting its target from $89.00 to $85.00 and Wells Fargo reducing its target from $97.00 to $88.00 in October 2026, reflecting cautious sentiment.
• Erste Group Bank has expressed a pessimistic view on future earnings, cutting its FY2027 earnings estimate to $4.92 per share from $4.93, signaling potential challenges in sustaining growth rates in the coming year.
• The company faces long-term headwinds in the beverage industry, with analysts noting that tariffs and softer consumption trends could pressure costs, volumes, and pricing power, as highlighted in recent industry outlooks.
• Despite recent gains, the stock is trading below its 52-week high of $86.60, and the price has dropped from the previous close of $85.49 to $84.18, indicating short-term volatility and potential resistance at higher price levels.
• Institutional investors have shown mixed behavior, with some funds like Douglas Lane & Associates LLC reducing their holdings by 23.0% in the third quarter, which may indicate a lack of confidence in the stock's immediate trajectory.