Ambev Stock Forecast

Stock Price Forecast

According to 11 analysts polled by S&P Global, Ambev stock has a consensus rating of "Hold" and an average price target of $3.39. The average 1-year stock price forecast is 8.48% higher than the current stock price, while the lowest is $2.60 (-16.80%) and the highest is $4.00 (+28.00%).

Price Target: $3.39 (+8.48%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$2.60	$3.39	$3.44	$4.00
Change	-16.80%	+8.48%	+10.08%	+28.00%

* Price targets were last updated on May 14, 2026.

Analyst Ratings

The average analyst rating for Ambev stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	1	1	1	1	1
Buy	1	1	1	1	2	2
Hold	8	8	8	7	6	6
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	2	2	2
Total	11	11	11	11	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Rodrigo Alcantara UBS	UBS	Sell Maintains $2.65 → $2.9	Sell	Maintains	$2.65 → $2.9	-7.20%	May 14, 2026
Benjamin Theurer Barclays	Barclays	Hold Maintains $3 → $3.5	Hold	Maintains	$3 → $3.5	+12.00%	May 6, 2026
Thiago Bortoluci Goldman Sachs	Goldman Sachs	Sell Maintains $2.05 → $2.35	Sell	Maintains	$2.05 → $2.35	-24.80%	Feb 27, 2026
Robert Ottenstein Evercore ISI	Evercore ISI	Buy Maintains $4	Buy	Maintains	$4	+28.00%	Feb 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

92.05B

from 88.24B

4.31%

from 88.24B

Revenue Next Year

96.32B

from 92.05B

4.64%

from 92.05B

EPS This Year

1.03

from 0.93

11.22%

from 0.93

EPS Next Year

1.12

from 1.03

8.40%

from 1.03

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	72.85B	79.71B	79.74B	89.45B	88.24B	92.05B
Revenue Growth	24.80%	9.41%	0.03%	12.19%	-1.35%	4.31%
Gross Profit	37.19B	39.29B	40.45B	45.84B	45.38B	48.05B
Gross Margin	51.05%	49.29%	50.72%	51.24%	51.42%	52.20%
Operating Income	17.29B	17.63B	18.84B	21.67B	22.48B	24.32B
Net Income	12.67B	14.46B	14.50B	14.44B	15.50B	15.94B
EPS	-	-	-	-	0.93	1.03
EPS Growth	-	-	-	-	2.20%	11.22%
Forward PE	-	-	-	-	-	15.69
Dividend / Share	0.60	0.76	0.73	0.67	1.11	0.92
Dividend Growth	-	26.29%	-4.21%	-8.57%	66.88%	-17.44%
Free Cash Flow	11.74B	8.45B	13.43B	19.34B	12.53B	22.21B
No. Analysts	-	-	-	-	-	16

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is BRL.

Revenue Forecast

Revenue	2026	2027	2028
High	94.2B
Avg	92.0B
Low	89.2B

Revenue Growth

Revenue Growth	2026	2027	2028
High	6.8%
Avg	4.3%
Low	1.1%

EPS Forecast

EPS	2026	2027	2028
High	1.19
Avg	1.03
Low	0.92

EPS Growth

EPS Growth	2026	2027	2028
High	28.0%
Avg	11.2%
Low	-1.1%