Despite the ongoing boycott and declining sales of Bud Light, Morgan Stanley analyst Sarah Simon remains optimistic about Anheuser-Busch's prospects. Simon believes that the company could return to "profitability growth" in the near future, largely due to its strong presence in emerging markets, which mitigates the impact of U.S. market share losses. This positive outlook is underscored by Simon's prediction that profitability will resume in 2024, with robust cash flow growth potentially enabling increased payouts and share buybacks from 2026.