Deutsche Bank sets EUR 80 target for Anheuser-Busch InBev stock

Published on 10/02/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AB InBev repurchased 1,124,057 shares. Anheuser-Busch InBev stock costs EUR 65.25 on October 2, 2026 after EUR 64.84, plus 0.63 percent.

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Anheuser-Busch InBev (ISIN BE0974293251) was trading at EUR 65.25 at Lang & Schwarz on October 2, 2026 at 3:32 p.m. CEST, up 0.63 percent from the prior close of EUR 64.84. According to Markets Insider on September 29, 2026, Deutsche Bank maintained its Buy rating and set a EUR 80.00 price target.

Buyback reaches 1.62 percent

AB InBev repurchased 1,124,057 shares between September 21 and September 25, 2026, at an average EUR 68.1120 per share. The total consideration was EUR 76.6 million, according to Sharenet on September 29, 2026.

The program had repurchased 32,805,776 shares for EUR 2.1 billion since November 3, 2025, equal to 1.62 percent of total shares outstanding. That makes capital return a measurable part of the current equity story, while the latest weekly purchase price was above the Lang & Schwarz quote.

Second-quarter growth supports the case

In the second quarter of 2026, reported revenue increased 11.00 percent year over year to USD 16.66 billion, while underlying earnings per share rose 23.40 percent to USD 1.21 from USD 0.98. Business Wire reported the results on July 30, 2026.

Normalized EBITDA rose 5.80 percent to USD 5.94 billion in the second quarter, with the margin expanding to 35.60 percent. The operating picture therefore combines double-digit reported revenue growth with a smaller but positive profitability increase.

October results set the next test

The company investor calendar lists third-quarter 2026 results for October 29, 2026, with the earnings release scheduled for 7:00 a.m. Brussels time. The date appears on the AB InBev investor-relations page.

Target stands above the market price

The EUR 80.00 Deutsche Bank target lies 22.99 percent above the EUR 65.25 Lang & Schwarz price. The gap gives the analyst view a clear numerical reference, while the daily move remains below the 1.00 percent threshold used for a directional headline.

AB InBev was trading at EUR 65.25 at Lang & Schwarz on October 2, 2026 at 3:32 p.m. CEST, plus 0.63 percent versus the Lang & Schwarz prior close of EUR 64.84 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Anheuser-Busch InBev stock.