Bernstein Raises Price Target on Ambev S.A. (ABEV) Amid Premium Beer Growth and Improving Market Conditions

Ambev S.A. (NYSE:ABEV) ranks among the best sin stocks to buy for recession protection. On May 6, Bernstein SocGen Group boosted its price target for Ambev S.A. (NYSE:ABEV) to $3.73 from $3.42, while keeping a Market Perform rating on the company’s shares. The firm reported that the Brazilian beer market continued to fall in the mid-single range, with the company indicating a 3% drop in a sell-side follow-up discussion as weather conditions remained challenging.

According to Bernstein, Ambev S.A. (NYSE:ABEV) has achieved solid volume success, despite the fact that the whole market has yet to return to growth. According to the firm, comparisons will become easier beginning in the second quarter of 2026, with World Cup tailwinds forecast.

Additionally, management described Ambev’s Q1 2026 results, which were released a day earlier, as a “solid start of the year.” The company’s revenue of $4.33 billion was in line with market expectations, while its earnings per share of $0.0463 exceeded analyst estimates of $0.0446 by 3.81%.

The premium segment, which includes brands like Stella Artois, Corona, and Spaten, rose by over 20% during the quarter. Meanwhile, the balanced options portfolio, which includes low-calorie and alcohol-free options, rose by more than 70%.

Ambev S.A. (NYSE:ABEV) produces, distributes, and sells beverages. It manufactures beer, carbonated soft drinks, and various non-alcoholic and non-carbonated products. It functions across the following geographic areas: Brazil, Central America and the Caribbean (CAC), and Canada.

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