What is ABEV stock price target for 2026?

WallStSmart's 12-month price target for Ambev SA ADR is $2.78, representing 2.5% downside from the current price of $2.85.

What is ABEV stock forecast?

Ambev SA ADR forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Is ABEV undervalued based on price targets?

Our DCF intrinsic value for Ambev SA ADR is $12.04, against a current price of $2.85. The margin of safety is 74.67%.

ABEV

Ambev SA ADR

NYSE: ABEV · CONSUMER DEFENSIVE · BEVERAGES - BREWERS

$2.85

-2.06% today

Updated 2026-04-29

Market cap

$44.45B

P/E ratio

14.25

P/S ratio

0.50x

EPS (TTM)

$0.20

Dividend yield

9.69%

52W range

$2 – $3

Volume

24.1M

Market cap

$44.45B

P/E ratio

14.25

P/S ratio

0.50x

EPS (TTM)

$0.20

Dividend yield

9.69%

52W range

$2 – $3

Volume

24.1M

Ambev SA ADR (ABEV) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$2.85

Consensus

$2.69

-5.61%

2030 Target

$84.09

+2850.53%

DCF

$12.04

+74.67% MoS

Current price

$2.85

Analyst consensus

$2.69

-5.61%

2030 Target

$84.09

+2850.53%

Intrinsic (DCF)

$12.04

+74.67% MoS

4 analysts:

1 Buy4 Hold1 Sell

Management guidance

No specific multi-year revenue targets provided by management. 2025 revenue was 88.24B BRL (down 1.35% YoY), reflecting Brazil economic headwinds and volume declines. Management focused on cost management, shareholder returns (R$15.5B 2025 profit allocation), and stabilizing Brazil operations rather than growth guidance.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$140.35

$110.0B Rev × 20x P/S

Base case (2030)

$84.09

$110.0B Rev × 12x P/S

Bear case (2030)

$56.26

$110.0B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$79.7B	$89.5B	$88.2B	$95.2B	$100.2B	$103.7B	$106.8B	$110.0B
Revenue growth	—	12.2%	-1.4%	7.9%	5.2%	3.5%	3.0%	3.0%
EPS	$0.18	$0.17	$0.55	$1.02	$1.10	$1.14	$1.18	$1.22
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$72.96	$76.77	$79.40	$81.75	$84.09

Catalysts & risks

Growth catalysts

+ Brazil economic recovery and stabilization of domestic beer volumes

+ Premium beer portfolio expansion and pricing power gains

+ Digital B2B marketplace growth (70% GMV increase in 2025)

+ Cost management and COGS optimization offsetting FX headwinds

+ Shareholder return program sustaining investor confidence

Key risks

- Brazil economic slowdown continuing to pressure domestic volumes and consumer spending

- Rising inventory levels and potential March 2026 production declines

- FX headwinds and cash COGS per hectoliter increases flagged by management

- Competitive pressures in premium segment limiting pricing power

- Analyst consensus on 'Hold' ratings with declining price targets suggests limited upside

Methodology

Ambev SA ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 4 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.