Anheuser-Busch InBev (BUD) Shares Soar 1.53% on Strong Q1 Revenue
1min read Anheuser-Busch InBev (BUD) shares surged 1.53% today, marking the second consecutive day of gains, with a total increase of 3.71% over the past two days. The share price reached its highest level since October 2024, with an intraday gain of 1.95%.
Analysts from morgan stanley and Jefferies have maintained their Buy ratings on anheuser-busch inbev. Morgan Stanley's Sarah Simon set a price target of $72.50, while Jefferies' Edward Mundy set a target price of EUR 75. These ratings reflect a positive outlook on the company's future performance.
Anheuser-Busch InBev reported strong first-quarter revenues of $14.84 billion, up 2.5% year on year. This performance surpassed analysts' expectations by 5.5%, indicating a successful quarter for the company. The positive revenue growth and strong start to the trading session on April 16, 2025, have contributed to the stock's recent gains.
Technical indicators also support the positive outlook for Anheuser-Busch InBev. The stock received positive signals from both short and long-term moving averages, suggesting that the upward trend is likely to continue. These technical indicators, combined with the positive analyst ratings and strong financial performance, have contributed to the stock's recent gains and positive outlook.
