12:15 PM EDT, 10/01/2024 (MT Newswires) -- Anheuser-Busch Inbev's ( BUD ) BEES platform is expected to remain a "vital support" to the company's market leadership in the beer category, RBC Capital Markets said in a note Tuesday.

"Development of BEES to date is one of the reasons giving us confidence in ABI's ability to deliver on mid-term guidance and market expectations," the report said.

RBC said the market has "overlooked" growth opportunities offered by BEES Marketplace outside the beer category.

"We remain confident that the platform can continue to drive strong top-line growth, supported by both AB InBev's core beer business and adjacent Marketplace businesses," the note said.

RBC has an outperform rating on the stock with a price target of $75.

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