UBS raises price target for Ambev SA due to strong performance, maintaining 'Neutral' rating.

From Yahoo Finance: 2025-06-27 04:17:00

Ambev S.A. (NYSE:ABEV) is one of the 10 best-value penny stocks to buy, according to analysts. UBS analyst Rodrigo Alcantara raised the price target to $2.70 from $2.60, affirming a ‘Neutral’ rating on June 4.

The price adjustment reflects Ambev’s strong first-quarter performance, with high single-digit revenue growth and increased digital transactions. Analysts are optimistic about the company’s growth potential, but cautious about market dynamics, maintaining a ‘Neutral’ stance.

Ambev S.A. (NYSE:ABEV) is a leading beverage company operating in the Americas, producing and distributing a range of alcoholic and non-alcoholic beverages. The company has seen growth in both its beer and soft drinks segments.

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Read more: UBS Raises Ambev SA (ABEV) Price Target and Affirms ‘Neutral’ Rating