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Wall Street sets Bud Light stock price for the next 12 months

Wall Street sets Bud Light stock price for the next 12 months
Ana Zirojevic

With Anheuser-Busch InBev (NYSE: BUD), the parent company of Bud Light, recovering from the aftershocks of the controversial ad campaign that had shattered the sales of its most well-known beverage as well as its stock price, some experts believe it may advance further in the next 12 months.

As a reminder, the BUD stock suffered greatly in 2023, particularly from May, with the onset of the boycott in the United States sparked by the campaign featuring a transgender influencer, until October, when the boycott finally ended, and the company scored a major sponsorship deal with the UFC.

Wall Street weighs in on BUD

As it happens, a group of Wall Street analysts is bullish on the price of the BUD stock, rating it as a ‘Strong Buy’ almost unanimously based on its performance in the past months. Namely, five of these experts have declared it a ‘Strong Buy,’ whereas only one rated it as a ‘Hold’ for the time being.

BUD 12-month price forecast. Source: TipRanks

On top of that, they have offered a high price prediction of $79.00 for the price of Anheuser-Busch InBev per share and a low of $66.30, as well as the average price target of $70.60, representing a nearly 12% advance from its previous trading session.

Bud Light stock price analysis

At press time, the price of BUD stock stood at $63.15, which represents a decline of 0.38% on the day but nonetheless an increase of 0.86% across the previous week, a 7.27% advance over the month, and a 14.82% gain in the last six months, as per data on December 5.

Bud Light stock price chart. Source: TradingView

All things considered, the BUD stock seems to, indeed, have managed to recover from the period of hardship, considering its current price is also 4.71% higher than on January 1, 2023, and is looking at a brighter future, particularly in the light of new partnerships and large investments, such as that by Bill Gates.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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