On average, analysts forecast that ABBV's EPS will be $11.80 for 2023, with the lowest EPS . AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.83%. According to CEO Gonzalez: Over the long-term, aesthetics continues to be an extremely attractive underpenetrated market with significant growth potential. Nineteen analysts predict that AbbVie's share price will increase in the coming year, reaching $165.00. Armed with management's detailed guidance and commentary on sales performance of key assets and new product launches, however, I have completed sales projections for AbbVie to 2030, which I will share in this post, highlighting areas of strength and potential weaknesses. Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), AT&T (T), Bristol-Myers Squibb (BMY), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Open Text (OTEX). AbbVie probably does not want to be recognized as simply an immunology giant however, it wants to be substantially more diversified and like all major Pharma's it has a strong long-term focus on oncology. (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. Payout ratios above 75% are not desirable because they may not be sustainable. To date, the company had invested more than $50 billion into research through more than 250 partnerships. Read the conference call transcript. For the next nine years, the forecast is for Revenue to grow by 3.57%. To see all exchange delays and terms of use please see Barchart's disclaimer. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Abbvies first quarter 2022 financial results for the quarter ended 31 March revealed that diluted earnings per share (EPS) increased to $2.51 on a generally accepted accounting principles (GAAP) basis, up from $1.99 a year earlier. As such, I have decreased my own expectations for 2022 based on simply doubling H1'22 revenues to get a FY22 figure, and downgrading growth expectations to 3% per annum until 2026. After a Blowout Quarter, Is AbbVie Stock a Buy? | The Motley Fool - Nasdaq On average, they expect the company's stock price to reach $161.12 in the next twelve months. The 21 analysts offering 12-month price forecasts for Abbvie Inc have a median target of 165.00, with a high estimate of 200.00 and a low estimate of 135.00. According to the algorithm-based forecaster Wallet Investor in its Abbvie stock forecast for 2022, the price could reach $169.852 by the end of December, $199.491 by 2023 and $229.304 by 2024. Sign-up to receive the latest news and ratings for AbbVie and its competitors with MarketBeat's FREE daily newsletter. AbbVie (ABBV) stock Forecast for 2021 - 2025 - PandaForecast.com I have not managed to match management's ambitious high-single-digit growth figures from 2025 - 2023, despite anticipating 6% growth for nearly all products in that period. Investors needn't panic however - Humira's replacements are expected by AbbVie's CEO to generate even higher revenues per annum. Management are very optimistic on Vraylar, with Gonzalez describing it as "now the only antipsychotic that is a dopamine and serotonin partial agonist approved for the treatment of the most common forms of depression, Bipolar 1 and MDD" and targeting >$5bn peak sales. Although Wallet Investor did not provide targets for 2030, its longer-term Abbvie stock prediction expected the price to hit $300.386 in June 2027. All rights reserved. Get short term trading ideas from the MarketBeat Idea Engine. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Finally, AbbVie was able to raise its financial . Let's begin our analysis with the immunology division. As of 30 June, analysts price predictions compiled by MarketBeats and long-term forecasts by Wallet Investor projected that the ABBV stock price could rise. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: That same month, the FDA extended the review period for Skyrizi (risankizumab), a treatment drug for moderate to severe Crohns disease in patients aged 16 and older. That is substantially higher than the 12% CAGR achieved between 2018 - 2022, although that period includes the additional revenues from Allergan. AbbVie Stock Crumbles On Mixed Earnings, Slashes 2022 Earnings Outlook With Skyrizi and Rinviq - two assets developed in-house - performing so well, however, perhaps we should give management the benefit of the doubt. I have plugged my revenue expectations into this table knowing that they closely match AbbVie management's own expectations based on what they have said in public. The weighted average cost of capital I estimate to be 9.6% - I tend to use a WACC of 10% for most Big Pharma analysis. losed Joint Stock Company FinTech Solutions, Fidelity NASDAQ Composite Index Tracking Stock Fund, Abbvie stock price analysis: Past year performance, Abbvie fundamental analysis: Q1 2022 earnings, Abbvie stock forecast: Company guidance and analysts predictions. Top institutional shareholders include Geode Capital Management LLC (1.91%), Morgan Stanley (1.79%), Moneta Group Investment Advisors LLC (1.65%), Price T Rowe Associates Inc. MD (1.15%), Norges Bank (1.06%) and Legal & General Group Plc (0.66%). Skyrizi has also been approved to treat Crohn's Disease, an added bonus and another multi-billion dollar market. (JPM Healthcare conference presentation), Skyrizi's performance has been particularly eye-catching. View AbbVie's Short Interest. Abbvie has a strong pipeline of projects ahead, and has recently received US FDA approval of its ulcerative colitis drug Rinvoq. Between September 2021 and April 2022, AbbVie stock went on a sensational bull run, gaining 62% and hitting an all-time peak of $174. AbbVie Stock Forecast 2023 - 2025 - 2030 | StockForecast.com Johnson & Johnson Stock Forecast 2023 - 2025 - 2030 Fawad Razaqzada, market analyst for City Index and FOREX.com, commenting to Capital.com, said: As of 30 June, analyst ratings compiled by MarketBeat shared different price targets for Abbvie stock. Payout ratios above 75% are not desirable because they may not be sustainable. Get daily stock ideas from top-performing Wall Street analysts. The Immunology division looks strong, even factoring in the patent cliff faced by $20 billion-selling Humira. According to the Abbvie stock technical analysis, as of 30 June, the Relative Strength Index (RSI) was pointing to neutral at 62.18. In terms of market cap, it ranks third behind Pfizer ( PFE) and Novo Nordisk ( NVO ). (my table and forecasts). The acquisition expanded AbbVies neuroscience portfolio, adding first-in-class modulators of the synaptic vesicle protein 2A, including lead molecule SDI-118 currently in Phase 1b studies. AbbVie Inc. is a US-based biopharma company with global operations. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. PEG Ratios above 1 indicate that a company could be overvalued. Receive regular, detailed analysis focused on biotech and healthcare stocks. CNN Sans & 2016 Cable News Network. This included an unfavourable impact of $0.08 a share related to acquired in-process research and development (IPR&D) and milestones expenses incurred during the March quarter. Shareholders of record on Friday, April 14th will be given a dividend of $1.48 per share on Monday, May 15th. Price target. 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. Free Stock Analysis Report: See The True Value of Any Stock, The Best Strategy For Your Small Trading Account. Since then, however, the stock price has fallen 18% to its current price of $142.6. The important point here is that physicians will not necessarily be under any pressure to switch patients from Humira to a biosimilar, given, as Gonzalez puts it: there won't be any difference between the biosimilar and Humira from a co-pay standpoint or any kind of a step editing. 1 dividend stock for a LIFETIME of income. 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. 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. AbbVie projected sales - immunology (my forecasts and assumptions). The company originated as the bio-pharma segment of Abbott Laboratories and was spun off in late 2012. $163.64. AbbVie product revenue forecasts to 2030. Over the years, AbbView Inc. has made numerous acquisitions. Among its many positions is sustainable operations so it can deliver life-changing therapies to those who need them most. 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. The company is focused on research and has a number of collaborations and partnerships to that end. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.79%. As we can see above one of either Skyrizi or Rinvoq has now been approved for all of the same indications as Humira is, except for Hidradenitis Suppurativa, although Rinvoq is undergoing a Phase study in this indication. 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. In the last four years, Johnson & Johnson's Free Cash Flow has fallen from $18.53B to $17.00B - a 8.28% decrease. Drug pricing is another issue - there is bipartisan, and international pressure on US Pharmas to reduce drug pricing, particularly outside of the US. AbbVie passed that onto its 2022 guidance. (6.33% Upside) Based on 15 Wall Street analysts offering 12 month price targets for AbbVie in the last 3 months. The most recent increase was . All rights reserved. In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. Abbvie Inc quote is equal to 152.710 USD at 2023-02-27. For the next year, analysts predict that Free Cash Flow will reach 6.91B - an increase of 1.94%. 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. Enjoy your holiday weekend and catch up on our most read stories this week. This indicates that the company will be able to sustain or increase its dividend. 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". AbbVie is a leading dividend payer. 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. Having so much debt in a prevailing inflationary environment is also unattractive. As we can see the immunology division consists of only 3 assets yet by my calculation, will likely account for 50% of AbbVie's revenues in 2022 (to calculate 2022 sales revenues by product, since we do not yet have final figures, I have used 9m 2022 figures and assumed Q4 revenues will be the average of the previous 3 quarters). AbbVie's total revenue grew a solid 51% to $50.2 billion over the last twelve month period, compared to $33.0 billion in 2019. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. RHHBY vs. ABBV: Which Stock Is the Better Value Option? Abbvie (ABBV) stock price prediction is 262.23586323343 USD. The Abbvie AbbVie could be the biggest global Pharma by revenue generation in 2028. ABBV - Abbvie Inc Forecast - CNNMoney.com - CNN Business Abbvie Stock Forecast: up to 179.050 USD! - Walletinvestor.com Both of these assets appear to be doing the job they were intended for - protecting AbbVie's dominance in various auto-immune markets - and now represent ~13% of AbbVie's total revenue generation. What intrigues here is the possibility of RGX-314, an anti-VEGF gene therapy that Gonzalez believes "has the potential to be a one-time treatment for wet AMD, diabetic retinopathy and other chronic retinal conditions". Abbvie Stock Forecast | Is Abbvie a Good Stock to Buy? - Capital Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. (NYSE: ABBV) Abbvie's current Earnings Per Share (EPS) is $6.65. In this article we take a closer look at the Abbvie stock forecast, after analysing the firms latest earnings, price moving news and analyst comments. Naturally, if there is a more effective and safe drug than Humira available for the same indication, then physicians are likely to prescribe it over Humira, or a Humira biosimilar. When looking for ABBV stock forecasts, its important to bear in mind that analysts forecasts can be wrong. Our first quarter results highlight the diversity of our portfolio and include compelling performance from key growth drivers Skyrizi, Rinvoq, Aesthetics and Neuroscience. In other words, no Humira, no problem! The average analyst rating for AbbVie stock from 34 stock analysts is "Buy". Johnson & Johnson is rushing toward a patent cliff but a new shelf offering registration suggests itis gearing up for acquisitions. I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. Migraine therapy Ubrelvy is a future blockbuster, Gonzalez believes, as is Qulipta, in the same indication. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks. Forecast . I'm on twitter @edmundingham. High institutional ownership can be a signal of strong market trust in this company. I have been maintaining a revenue forecasting table for AbbVie's products which I have amended based on Q2'22 and H1'22 results, and the slightly downgraded guidance issued for 2022 - management now expects adjusted earnings per share ("EPS") of $13.78 - $13.98, representing growth of 17% at the midpoint. Receive ABBV Stock News and Ratings via Email. AbbVie (NYSE:ABBV) has a market capitalization of $276.13 billion and generates $58.05 billion in revenue each year. This means that . AbbVie discounted cash flow analysis. Shares are consolidating with a buy. This suggests a possible upside of 3.8% from the stock's current price. Skyrizi is a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialisation globally. How often does AbbVie pay dividends? As I have mentioned in previous notes, however, the gains owe more to price hikes than sales volumes, and come 2023 and the LOE, even AbbVie admits the blow to revenues will be substantial. I also considered the long-term outlook for a company that is still only 10 years old and is about to feel the impact of a loss of patent protection for its mega-blockbuster auto-immune drug Humira, which made $20.7bn of sales for the company in FY21, representing 37% of total revenues generated. See AbbVie Inc. (ABBV) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. AbbVie has a P/B Ratio of 15.97. Eye Care, Other products Division Projected Revenues to 2030 (my table and assumptions ). Since then, ABBV stock has decreased by 3.4% and is now trading at $156.06. Year-to-date, the stock was up slightly more than 12% while benchmark global indices have all fallen sharply amid surging inflation, interest rate hikes and slowdown worries. The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. I do much more than just articles at Haggerston BioHealth: Members get access to model portfolios, regular updates, a chat room, and more. The drug is now approved in severe Rheumatoid Arthritis, active Psoriatic Arthritis, moderate to severe Atopic Dermatitis, Ulcerative Colitis, active Ankylosing Spondylitis, with Crohn's Disease the next approval on the list. During the same quarter in the prior year, the firm posted $3.31 EPS. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN.
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