Ambev SA has a consensus price target of $3.03 based on the ratings of 5 analysts. The high is $3.74 issued by Bernstein on May 24, 2023. The low is $2.5 issued by Barclays on May 9, 2024. The 3 most-recent analyst ratings were released by Barclays, Barclays, and Jefferies on May 9, 2024, March 4, 2024, and November 22, 2023, respectively. With an average price target of $2.79 between Barclays, Barclays, and Jefferies, there's an implied 33.33% upside for Ambev SA from these most-recent analyst ratings.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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05/09/2024 | Buy Now | 19.62% | Barclays | Benjamin Theurer | $3 → $2.5 | Maintains | Equal-Weight | Get Alert |
03/04/2024 | Buy Now | 43.54% | Barclays | Benjamin Theurer | $3.5 → $3 | Downgrade | Overweight → Equal-Weight | Get Alert |
11/22/2023 | Buy Now | 36.84% | Jefferies | Alex Wright | → $2.86 | Initiates | → Hold | Get Alert |
05/24/2023 | Buy Now | 78.95% | Bernstein | Nadine Sarwat | → $3.74 | Initiates | → Outperform | Get Alert |
07/13/2022 | Buy Now | — | JP Morgan | Lucas Ferreira | — | Upgrade | Neutral → Overweight | Get Alert |
11/03/2021 | Buy Now | — | B of A Securities | — | — | Upgrade | Underperform → Neutral | Get Alert |
10/06/2021 | Buy Now | 67.46% | Barclays | Benjamin Theurer | — | Upgrade | Equal-Weight → Overweight | Get Alert |
The latest price target for Ambev (NYSE:ABEV) was reported by Barclays on May 9, 2024. The analyst firm set a price target for $2.50 expecting ABEV to rise to within 12 months (a possible 19.62% upside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Ambev (NYSE:ABEV) was provided by Barclays, and Ambev maintained their equal-weight rating.
The last upgrade for Ambev SA happened on July 13, 2022 when JP Morgan raised their price target to N/A. JP Morgan previously had a neutral for Ambev SA.
The last downgrade for Ambev SA happened on March 4, 2024 when Barclays changed their price target from $3.5 to $3 for Ambev SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Ambev, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Ambev was filed on May 9, 2024 so you should expect the next rating to be made available sometime around May 9, 2025.
While ratings are subjective and will change, the latest Ambev (ABEV) rating was a maintained with a price target of $3.00 to $2.50. The current price Ambev (ABEV) is trading at is $2.09, which is out of the analyst’s predicted range.
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