Budweiser stock price forecast incorporates recent upticks in

Budweiser stock price forecast incorporates recent upticks in on-premise consumption trends post-summer events, suggesting potential sequential revenue growth in upcoming quarters. Ambev S.A. (NYSE:ABEV)’s premium and super-premium brands, such as Corona, Spaten, and Original, saw strong volume growth in the low teens. Budweiser also drove high-teens growth within the core plus segment, while core brands like Brahma and Antarctica demonstrated stability with a slight volume increase in the low single digits. This steady performance across various product categories highlights the company’s ability to meet diverse consumer preferences. The drop was led by China, where volumes were down 7.4% and where the company said it was "underperforming the industry." The weakness was also driven by Brazil, where AB InBev cited high comparisons and adverse weather as prompting a 6.5% decline in the second quarter. Budweiser stock price forecast shows a mild bullish sentiment for Q3 2024, with shares hovering around $58.40, supported by resilient beer demand and stable input costs in global markets. Analysts point to improving margins in North America as a key driver.