Ambev S.A. (NYSE:ABEV) is highlighted as one of the best cheap stocks under $10 to buy now, with a Sell rating by Goldman Sachs analyst Thiago Bortoluci and a $1.95 price target set on November 11. Fiscal Q3 results showed a 1.2% rise in net revenue and a 2.9% increase in normalized EBITDA.

Despite a 10 bps increase in gross margin to 51.5% and a 50 bps expansion in normalized EBITDA margin to 33.9%, high cash taxes caused a 14.7% drop in cash flow from operating activities compared to the previous fiscal Q3. Ambev S.A. (NYSE:ABEV) operates in Brazil, Central America and the Caribbean (CAC), and Canada.

Ambev S.A. (NYSE:ABEV) is a producer, distributor, and seller of beverages, including carbonated soft drinks, beer, and other non-alcoholic products. While ABEV offers investment potential, certain AI stocks may present greater upside and less downside risk. Explore our free report on the best short-term AI stock for more information.

Read more at Yahoo Finance: Goldman Sachs Maintains a Sell Rating on Ambev S.A. (ABEV)