70/100BAnheuser-Busch INBEV SA stock forecast 2027–2031
Analysts' average 12-month price target for Anheuser-Busch INBEV SA/NV is 90.75, 8.1% above the current price of 83.95. Their targets range from 84.50 to 97.00.
Of the 6 firms that rated Anheuser-Busch INBEV SA/NV in the past 12 months, 4 rate it buy or strong buy, 2 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 84.50 to 97.00, with an average of 90.75.
| Strong buy | 0 | |
| Buy | 4 | |
| Hold | 2 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 97.00 |
| Average target | 90.75 |
| Lowest target | 84.50 |
| Current price | 83.95 |
Anheuser-Busch INBEV SA price target history
Have analysts recently raised or lowered their Anheuser-Busch INBEV SA/NV price target and rating?
How analysts rate Anheuser-Busch INBEV SA, month by month
4 of 6 firms rate it buy now, against 1 of 2 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Anheuser-Busch INBEV SA analyst upgrades, downgrades and price targets
The latest rating change came on 27 July 2026, when Barclays downgraded Anheuser-Busch INBEV SA/NV from Overweight to Equal Weight. The most recent new target came from Wells Fargo on 31 July 2026: 97.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 31 Jul 2026 | Wells Fargo Chris Carey | Reiterated · Overweight | 85.00 → 97.00 | +14.1% | 86.14 |
| 27 Jul 2026 | Barclays | Downgraded · Overweight → Equal Weight | — | — | — |
| 1 Jul 2026 | Morgan Stanley | — | 82.00 → 84.50 | +3.0% | 80.25 |
| 8 Apr 2026 | Morgan Stanley | — | 82.00 | — | 74.39 |
| 13 Feb 2026 | Evercore ISI | Reiterated · Outperform | 100.00 | — | 79.40 |
| 9 Feb 2026 | Wells Fargo | Reiterated · Overweight | 75.00 → 85.00 | +13.3% | 75.81 |
| 19 Nov 2025 | Wells Fargo | — | 75.00 | — | 61.16 |
Anheuser-Busch INBEV SA EPS and revenue estimates
Analysts expect Anheuser-Busch INBEV SA/NV's EPS to grow 16.0% a year until 2028. Over the last 5 years it grew 37.7% a year, and over the last 3 years 5.9%.
Analysts expect Anheuser-Busch INBEV SA/NV's revenue to grow 5.6% a year until 2028. Over the last 5 years it grew 4.8% a year, and over the last 3 years 0.9%.
Revenue
EPS
Does Anheuser-Busch INBEV SA beat earnings estimates?
On average, analysts' EPS estimate was 9.2% off the result, either way, and their revenue estimate 90.4%, over the last 12 quarters.
- EPS beats
- 21 / 35
- Revenue beats
- 34 / 34
- Average EPS surprise, last 12
- +1.0%
- Since
- May 2010
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| H2 FY2026 | 29 Oct 2026 | 1.09 | 0.81 | -25.7% | 15.91B | 16.51B | +3.8% |
| H1 FY2026 | 30 Jul 2026 | 1.14 | 1.21 | +6.1% | 16.41B | 31.93B | +94.6% |
| H1 FY2026 | 5 May 2026 | 0.90 | 0.97 | +7.8% | 14.69B | 30.61B | +108.4% |
| H2 FY2025 | 30 Oct 2025 | 0.97 | 0.99 | +2.1% | 15.60B | 30.01B | +92.4% |
| H1 FY2025 | 8 May 2025 | 0.77 | 0.81 | +5.2% | 15.54B | 29.89B | +92.3% |
| H2 FY2024 | 31 Oct 2024 | 0.89 | 0.98 | +10.1% | 14.79B | 29.88B | +102.0% |
| H1 FY2024 | 8 May 2024 | 0.67 | 0.75 | +11.9% | 14.42B | 30.05B | +108.4% |
| H2 FY2023 | 31 Oct 2023 | 0.83 | 0.86 | +3.6% | 16.38B | 29.33B | +79.1% |
| H1 FY2023 | 4 May 2023 | 0.62 | 0.65 | +4.8% | 15.37B | 29.76B | +93.6% |
| H2 FY2022 | 27 Oct 2022 | 0.77 | 0.84 | +9.1% | 13.13B | 28.03B | +113.5% |
| H1 FY2022 | 5 May 2022 | 0.61 | 0.60 | -1.6% | 13.83B | 28.47B | +105.9% |
| H2 FY2021 | 28 Oct 2021 | 0.64 | 0.50 | -21.9% | 13.54B | 25.83B | +90.8% |
Anheuser-Busch INBEV SA stock price 2027–2031: scenarios
If Anheuser-Busch INBEV SA/NV's earnings keep growing at the 26.2% a year analysts expect to FY2029, it would earn about 9.57 a share in FY2031. At the P/E it has traded at over the last five years (17.1 to 26.0) that is 164.08 to 248.67 a share, or 203.33 at its average P/E of 21.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 4.91 | 84.26 | 104.41 | 127.69 |
| FY2028 | 5.39 | 92.49 | 114.62 | 140.17 |
| FY2029 | 6.01 | 103.03 | 127.68 | 156.15 |
| FY2030 (extrapolated) | 7.58 | 130.02 | 161.12 | 197.05 |
| FY2031 (extrapolated) | 9.57 | 164.08 | 203.33 | 248.67 |
Each year's EPS is the analysts' consensus to FY2029; the years after continue its 26.2% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (17.1, 21.2, 26.0).
Is Anheuser-Busch INBEV SA stock undervalued or overvalued?
Anheuser-Busch INBEV SA/NV's P/E of 21.0 is around the middle of its 5-year range (15.5 to 26.9, median 20.6). It is in line with its own history. Buyers pay more for each point of growth than usual: a PEG of 1.3 on expected growth against 0.5 on its median P/E and past five years' growth. At its usual P/E (22.4 × EPS of 2.68), Anheuser-Busch INBEV SA/NV's fair value is 59.90; the price, 83.95, is 40.2% above it. The EPS is without 1.32 a share of one-off gains in its other income, which the business does not repeat. Its forward P/E, on the consensus for FY2026, is 18.9.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (15.9 and 41.0). The price against its P/E range
- Price to earnings ratio (TTM)
- 20.99
- Five-year median P/E
- 20.65
- Five-year P/E range
- 15.5 – 26.9
- Forward P/E (FY2026)
- 18.93
- PEG ratio
- 0.80
- To the average target
- +8.1%
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