When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
BUDFF - Anheuser-Busch Is Fairly Valued After The Recent Price Recovery
Anheuser-Busch InBev SA/NV
Beer stocks have been hammered in summer due to the waning off-premise demand compared to the last year. However, we believe the market can be overreacting.
BUD stock has lost about 30% since its peak in June 2021, however, it recovered by 12% after the Q3 earnings announcement.
According to our DCF model BUD stock is currently fairly valued at $61/share. We see more upside potential in other beer stocks.