abbvie stock forecast 2030

We expect proof-of-concept data from roughly a dozen additional early stage oncology opportunities over the next couple of years. Past performance is no guarantee of future results. Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. AbbVie Stock Forecast 2023 $165.00 In the last five quarters, AbbVie's Price Target has risen from $122.84 to $162.12 - a 31.98% increase. Get daily stock ideas from top-performing Wall Street analysts. Having so much debt in a prevailing inflationary environment is also unattractive. When looking for ABBV stock forecasts, it's important to bear in mind that analysts' forecasts can be wrong. What is Richard A. Gonzalez's approval rating as AbbVie's CEO? According to AbbVie CEO Rick Gonzalez, speaking on the Q2'22 earnings call, "Skyrizi's total prescription share of the U.S. biological market (in psoriasis) has increased to approximately 26%", and". See AbbVie Inc. stock price prediction for 1 year made by analysts and compare it to price changes over time to develop a better trading strategy. The division delivered >$1.65bn in sales in Q2'22, up >15% year-on-year, and with Vraylar, Ubrelvy and possibly Qulipta all earmarked for blockbuster sales - $4bn in the case of Vraylar - my forecasting suggests this division could double in size by 2030, from ~$6.6bn revenues generated in FY22, to >$13.5bn by 2030. Nineteen analysts predict that AbbVie's share price will increase in the coming year, reaching $165.00. It had an upside potential of 4.76%, based on the closing price of $152.49 on 29 June. Although investing in AbbVie isn't riskless, it is advisable based on what we know about the company. The company earns $11.84 billion in net income (profit) each year or $6.61 on an earnings per share basis. The company reported its first revenue for Botox competitor Daxxify. There is an element of risk to that as clinical trial failures are common, even for a giant like AbbVie, and even CEO Gonzalez may be forced to backtrack on some of his blockbuster sales projections. In this post I model AbbVie product sales to 2030 - including pipeline assets - and use discounted cash flow analysis to calculate a present day share price target. (ABBV), MarketBeat Week in Review 2/13 - 2/17 (ABBV), The 3 Best Pharma Stocks to Buy for Big Gains in 2023 (ABBV), How Abbott Labs, AbbVie Could Profit on Seizure Drug Formula (ABBV), AbbVie Has a Mixed Outlook After Mixed Earnings, Q4 2022 AdTheorent Holding Company Inc Earnings Call. 580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. Please disable your ad-blocker and refresh. It is generally accepted however that 2023 will see the entrants into the US market of several generic versions of Humira - which works by inhibiting Tumor Necrosis Factor ("TNF"), an inflammation causing protein - from the likes of Viatris (VTRS), Organon (OGN), Pfizer (PFE), Amgen (AMGN), and several more companies involved in the development and sale of generic or biosimilar drugs. I have downgraded my forecasts to 2016 accordingly however to 2% annual growth. There is no mention of Women's Health in the Q2'22 earnings call or in the 10-Q submission to the SEC, or any of the drugs within it, yet the divisions have not (to the best of my knowledge) been sold, despite rumors it was put up for sale at ~$5bn. 67.71% of the stock of AbbVie is held by institutions. Among its many positions is sustainable operations so it can deliver life-changing therapies to those who need them most. Since its 2013 separation from Abbott Laboratories (ABT 1.78%), AbbVie's stock has grown more than 160%. I wrote this article myself, and it expresses my own opinions. That is a significant difference because at a forward P/E of 10x AbbVie stock looks like a solid buy opportunity, but at a P/E of 20x, when we consider the risk/challenge of Humira's LOE, prospective investors may prefer to maintain a watching brief as opposed to opening a position. And never invest or trade money you cannot afford to lose. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.79%. AbbVie has 5 focus areas for its research and products. The stock projection varied from the low price target of $135 to the high of $200. Get short term trading ideas from the MarketBeat Idea Engine. Thus, it is likely that ABBV will continue to find support on the dips in this type of market environment.. Whether these factors make ABBV a good investment for you or not will depend on your portfolio composition, investment goals and risk profile, among other factors. What other stocks do shareholders of AbbVie own? Different trading strategies will suit different investment goals with short or long-term focus. You should never invest money you cannot afford to lose. In February, a Phase 3 induction study saw positive top-line results. Shares are consolidating with a buy. Their ABBV share price forecasts range from $140.00 to $200.00. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. In 2022, Humira revenues will likely reach $21bn, which will see the drug overtake cholesterol-lowering Lipitor as the best-selling drug of all-time. Duodopa is approved for Parkinson's Disease but Gonzalez believes that the subcutaneous non-surgical delivery system of candidate ABBV951 can "significantly expand the patient population currently addressed by Duopa", and sees the drug as yet another future blockbuster. AbbVie could be the biggest global Pharma by revenue generation in 2028. The companys operations span 20 countries, treating more than 60 million people and 40 conditions annually. As with debt, if approval and revenue targets aren't met, it can quickly result in a loss of faith in the company. AbbVie saw a increase in short interest in February. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. ABBV Stock 12 Months Forecast. I'm on twitter @edmundingham. Investors do not seem to be taking the bait, however, as AbbVie's share price has slipped by >7% across the past month, and >5% across the past 5 days. AbbVie has been working hard to ensure the 2 drugs it has developed to replace Humira - Skyrizi, which inhibits the pro-inflammatory cytokine IL23, and Rinvoq, a Janus Kinase (enzymes involved in immune cell function) inhibitor - are winning approvals and growing sales in Humira's markets. approvals of Humira, Skyrizi, Rinvoq (AbbVie JPM Healthcare conference presentation). It is a Top 50 Company regarding diversification and a member of the Dow Jones Sustainability World Index and the S&P ESG Index. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. In 2022, the company will most likely boast 12 "blockbuster" (>$1bn per annum) selling assets, driving ~$48bn of revenues between them, with Humira being the only drug that faces a near term patent expiry, whilst AbbVie is promising at least 6 or 7 major new product launches by 2026. I suspect Eye Care is a division AbbVie can turn around given time, and I feel that with regards to oncology, where AbbVie has the strongest pipeline assets - lymphoma bispecific Epcoritamab may be approved to treat large B-cell lymphoma, and peak sales estimates range from $1.5 - $3bn, although AbbVie will not earn all of that since the product is co-developed with Genmab. Since then, however, the stock price has fallen 18% to its current price of $142.6. Finally, eye-care - another division inherited from Allergan - has been performing well for AbbVie although I am not expecting particularly strong growth from the current product portfolio. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. The material provided on this website is for information purposes only and should not be understood as an investment advice. AbbVie projected sales - immunology (my forecasts and assumptions). Price target. AbbVie stock forecast 2022 - 2025 - 2030 with analysis AbbVie stock stood at $162.110000610352 on 2022-03-31. forecast for 2023 is $159.42, forecast for 2024 is $156.65, forecast for 2025 is $139.68, forecast for 2026 is $124.48, This could present more profit potential for drugmakers as well as investors. Disclosure: I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. With AbbVie's revenues accelerating past $80bn in 2030 (by my calculation), and cash flow generated in that year being >$25bn, after applying discount factors for each year I reach a price target of $176 - the average of DCF - $162 per share - and EBITDA - $189 per share - calculations. Receive regular, detailed analysis focused on biotech and healthcare stocks. z o.o., AbbVie Productos Farmacuticos Limitada, AbbVie Products LLC, AbbVie Promoo L.da, AbbVie Pte. All rights reserved. Always do your own research on a stocks price performance and predictions before making an investment. The company projects the U.S. toxin market (where Botox is the top product) will decline by mid-single digits. See what's happening in the market right now with MarketBeat's real-time news feed. AbbVie Inc. (NYSE:ABBV) posted its earnings results on Thursday, February, 9th. AbbVie is one of the largest global Pharmaceuticals, with a market cap of >$265bn. To be sure, AbbVie is modeling for a tough year in 2023 for the aesthetics market. The other major plus is probably the performance of the neuroscience divisions, where as we can see, Botox (indicated for migraine treatment), atypical antipsychotic Vraylar, migraine therapy Ubrelvy and newly launched Qulipta, an oral CGRP inhibitor indicated for chronic migraine all delivered good sales growth. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. It's hard to argue against Skyrizi and Rinvoq's performance to date, however, and with the total addressable market across all immunology indications likely well in excess of $100bn, I feel fairly comfortable that AbbVie can grow this division's revenues even as the world's biggest ever selling drug exits stage left. AbbVie is a leader in ESG and sustainability. The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.54 by $0.06. Projections are based on making fundamental and technical studies of the ABBV stock price performance. Pessimistic target level: 151.42 Optimistic target level: 154.48 ABBV (ABBV) Monthly Stock Prediction for 2023 Full forecast for 2023 AbbVie forecast for this year AbbVie has a P/B Ratio of 15.97. Drug pricing is another issue - there is bipartisan, and international pressure on US Pharmas to reduce drug pricing, particularly outside of the US. One of the few pain points AbbVie experienced during a year of portfolio wide growth in 2022 was the decline in the revenue contribution from Imbruvica, approved to treat various types of lymphoma. In my model I have then reduced revenues by 20% between 2024 - 2026, and then by 10% per annum between 2027 - 2030. Kateryna Onyshchuk/iStock via Getty Images. Sign in to your free account to enjoy all that MarketBeat has to offer. Having dived into the numbers however and looked ahead to 2030 through the eyes and guidance of management, my conclusion is that investors can probably buy AbbVie stock at current price with reasonably high hopes of making a decent ROI - perhaps 15 - 20% in the next 12 - 18 months, whilst also benefiting from a generous dividend. The median estimate represents a +5.72% increase from the last price of 156.07. Read our dividend analysis for ABBV. Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. The five-year dividend growth rate is just below 18%. In other words, no Humira, no problem! After creating the income statement I prepare the discounted cash flow/EBITDA multiple analysis. Other approved ADC's targeting the c-Met protein, a validated target in NSCLC, include Novartis Tabrecta, which has been pegged for peak sales of ~$1.5bn, which seems a realistic target for Teliso given how large the lung cancer market is - the largest of all oncology markets. ABBV closed at $152.49 on 29 June, which was above its 200-day moving average (MA) of 136.42, indicating a bullish signal for the stocks price movement ahead, according to data from TradingView. That is substantially higher than the 12% CAGR achieved between 2018 - 2022, although that period includes the additional revenues from Allergan. Specifically, they have bought $0.00 in company stock and sold $23,102,528.00 in company stock. Build a CFD portfolio with your favourite companies. I have no business relationship with any company whose stock is mentioned in this article. AbbVie's Dividend and Valuation. What is the dividend yield for AbbVie? In the last four years, Johnson & Johnson's Free Cash Flow has fallen from $18.53B to $17.00B - a 8.28% decrease. Ever since its split from Abbott Laboratories (ABT) in 2012 AbbVie (NYSE:ABBV) has delivered strong returns for investors - its stock price having risen overall from $30, to $149 per share at the time of writing - trading down slightly from its all-time high of >$160 achieved in early December last year.

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