• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

Will BUD stock make a comeback?

Anheuser-Busch InBev shares have experienced a wild ride this year.

Following Mulvaney’s promotion of Bud Light on social media on April 1, BUD stock dropped 20% over two months, wiping out billions of dollars in market cap.

However, starting from late October, the stock began to climb back up. Trading at $62.05 apiece, Anheuser-Busch shares are actually up around 4% this year.

The company’s business performance has also shown positive signs. In the third quarter of 2023, Anheuser-Busch’s revenue grew 5% year over year to $15.6 billion. Notably, the company delivered revenue growth in approximately 80% of its markets.

When asked about the Bud Light PR crisis during the earnings conference call, CEO Michel Doukeris informed analysts that, according to the company’s latest research, 40% of “lapsed buyers” indicate they are ready to come back and “open to drink Bud Light again.”

“This gives us some certainty that we are moving in the right direction,” he remarked.

Some Wall Street experts also appear to be bullish on the stock.

For instance, JP Morgan analyst Celine Pannuti has an “overweight” rating on Anheuser-Busch and a price target of $79, implying a potential upside of around 27% from where the stock sits today.


Follow These Steps if you Want to Retire Early

Secure your financial future with a tailored plan to maximize investments, navigate taxes, and retire comfortably.

Zoe Financial is an online platform that can match you with a network of vetted fiduciary advisors who are evaluated based on their credentials, education, experience, and pricing. The best part? - there is no fee to find an advisor.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

What to Read Next


The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.