JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Anheuser-Busch’s stock hit a notable milestone, reaching a 52-week high of $71.96. The beverage giant, with a market capitalization of $141.4 billion, has experienced a significant 1-year change, with shares appreciating by 20.03%. The company’s impressive YTD return of 44% and strong gross profit margins of 55.6% reflect its operational strength. InvestingPro analysis suggests the stock is currently slightly undervalued. The stock’s ascent reflects investor confidence in the brewing giant’s performance and prospects over the past year, setting a positive tone for potential future growth. The 52-week high suggests a bullish sentiment amongst market participants, with analysts setting price targets ranging from $65 to $88. The company’s solid positioning is further supported by its P/E ratio of 20.7. For deeper insights into Anheuser-Busch’s valuation and 7 additional InvestingPro Tips, check out the comprehensive Pro Research Report.
In other recent news, Anheuser-Busch InBev (EBR:ABI) has been the focus of several analyst updates following its first-quarter performance. Evercore ISI raised its price target for Anheuser-Busch to $80, highlighting the company’s impressive organic EBITDA growth of 7.9%, which surpassed expectations. The firm maintained an Outperform rating, noting market share gains in the United States and strategic focus on premium brands as key drivers. Similarly, Morgan Stanley (NYSE:MS) adjusted its price target to $78, maintaining an Overweight rating, and noted a revision in expected organic EBITDA growth to 6.3%. The firm also mentioned an increase in earnings per share forecasts for the fiscal years 2025 and 2026 due to foreign exchange considerations.
Berenberg Bank initiated coverage with a Buy rating and set a price target at EUR72.00, emphasizing the company’s shift towards ready-to-drink beverages and hard seltzers. The analysts noted that these products have different margin structures and introduce higher operating leverage and volatility. Despite these challenges, Berenberg recognized Anheuser-Busch’s strong return on invested capital and its focus on organic growth. Analysts from all three firms have highlighted various strategic and financial aspects of Anheuser-Busch’s performance, indicating a positive outlook amidst certain market risks.
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