TD Cowen cuts target for Anheuser-Busch InBev stock from USD 89 to USD 85
Published on 10/26/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTD Cowen trims its target
- TD Cowen lowered its target from USD 89.00 to USD 85.00 on October 13, 2026.
- Second-quarter 2026 revenue reached USD 16.66 billion, up 11.00 percent year over year.
- Anheuser-Busch InBev stock trades at EUR 73.01 at 9:38 a.m. CET at Lang & Schwarz on October 26, 2026, 3.17 percent below the Xetra close of October 23, 2026.
- AB InBev is scheduled to report third-quarter 2026 results on October 29, 2026.
Anheuser-Busch InBev (ISIN BE0974293251) was trading at EUR 73.01 at Lang & Schwarz on October 26, 2026 at 9:38 a.m. CET, 3.17 percent below the Xetra close of October 23, 2026 at EUR 75.40. On October 13, 2026, TD Cowen cut its price target from USD 89.00 to USD 85.00 while maintaining a Hold rating, according to MarketBeat. The next earnings release is scheduled for October 29, 2026.
Target cut meets strong results
The lower target contrasts with AB InBev's latest reported quarter. According to AB InBev, revenue in the second quarter of 2026 rose 11.00 percent year over year to USD 16.66 billion. The same release showed underlying earnings per share of USD 1.21, while the investor page lists normalized EBITDA of USD 21.20 billion for fiscal year 2025. The figures give investors a stronger operating reference than the latest target revision alone.
Three dated signals shape the stock
AB InBev's chronology combines the company's operating progress with the market's valuation debate: fiscal year 2025 performance on February 12, 2026 included USD 59.30 billion in net revenue; second-quarter 2026 results on July 30, 2026 included USD 16.66 billion in revenue; and TD Cowen cut its target from USD 89.00 to USD 85.00 on October 13, 2026, according to AB InBev and MarketBeat.
What comes next for earnings?
AB InBev's investor calendar names October 29, 2026 as the date for third-quarter 2026 results, with the earnings release scheduled for 7:00 a.m. Brussels time and the call for 2:00 p.m. Brussels time. The report will test whether the second-quarter pattern of 11.00 percent reported revenue growth can continue into the next period.
How far has the stock moved?
The euro quotation is 3.17 percent below the Xetra close of October 23, 2026, a decline calculated from EUR 73.01 against EUR 75.40. The Xetra 52-week range was EUR 51.50 to EUR 75.78 on October 23, 2026, putting the current Lang & Schwarz price inside that dated range. For investors, the central tension is clear: operating figures remain substantial, while the latest target cut points to a more cautious valuation view.
Anheuser-Busch InBev was trading at EUR 73.01 at Lang & Schwarz on October 26, 2026 at 9:38 a.m. CET, 3.17 percent below the Xetra close of October 23, 2026 at EUR 75.40. 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
- Primary exchange: Euronext Brussels
- Price Lang & Schwarz (as of October 26, 2026, 9:38 a.m. CET): EUR 73.01
- Change versus Xetra close: minus 3.17 percent
- Xetra close (October 23, 2026): EUR 75.40
- 52-week range: EUR 51.50-EUR 75.78 (as of October 23, 2026)
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
- Next earnings date: October 29, 2026
Market context: Market report Euro Stoxx 50.
