I'm on twitter @edmundingham. Only 0.08% of the stock of AbbVie is held by insiders. 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). In my modeling table above, I estimate Humira sales will decline by 25% between 2022 and 2023, to ~$16bn, although some of that lost revenue will be gobbled up by Skyrizi/Rinvoq. Is AbbVie Stock A Buy Or A Sell With Humira Rivals Looming? AbbVie (NYSE:ABBV) has a market capitalization of $276.13 billion and generates $58.05 billion in revenue each year. Price target. The review period was extended by three months in order for the FDA to review additional data submitted by AbbVie. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Abbvie Stock Forecast 2023 In the Biopharmaceutical Industry, Abbvie has been able to create a leadership position in the market in each business segment with different brand names in different business categories like Immunology, Hematologic Oncology, Neuroscience, Aesthetics, and Eye Care. The company officially IPOd on January 2, 2013; contrary to criticisms, the move was solely to protect the parent company from expiring patents. Under the terms of the resolution, AbbVie will grant Alvotech a non-exclusive licence to its Humira-related patents in the US, which will begin on 1 July 2023. Having so much debt in a prevailing inflationary environment is also unattractive. Their combined revenues are expected to reach $7.5bn in 2022, and Gonzalez told the audience at JPM that: Skyrizi and Rinvoq are now on pace to deliver more than $17.5 billion in combined sales, risk adjusted sales in 2025, well above our previous expectations. AbbVie sees strong 2022 earnings as Botox, Skyrizi power profit beat Skyrizi has also been approved to treat Crohn's Disease, an added bonus and another multi-billion dollar market. As we can see, AbbVie is likely to generate some impressive cash flow based on its operating margins, which begin at 32%. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. The lowest target is $136.35 and the highest is $210. 16 analysts have issued 12-month price targets for AbbVie's shares. 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. Investors are already flocking there for a chance at 1,000%+ returns. The development of these 2 drugs has been very quick by drug development standards, and to date both have performed exceptionally well. I wrote this article myself, and it expresses my own opinions. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. AbbVie has 5 focus areas for its research and products. AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock. The consensus rating was moderate buy based on 16 analysts ratings, with 10 recommending buy, five hold and sell. 580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. Ltd., AbbVie Overseas S. r.l., AbbVie Oy, AbbVie Participaes Ltda., AbbVie Pharmaceutical Trading (Shanghai) Co. Ltd., AbbVie Pharmaceuticals B.V., AbbVie Pharmaceuticals GmbH, AbbVie Pharmaceuticals LLC, AbbVie Pharmaceuticals SCA., AbbVie Pharmaceuticals Societe Anonyme, AbbVie Polska Sp. The "King Of Quants" sees 10X potential Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. ABBV - AbbVie Stock Prediction 2025 - 2030 The companys original winner, Humira, is still the number one revenue source but the portfolio has been greatly expanded. ABBV : ABBVIE INC stock forecast 2022 - 2025 - 2030 - AI Pickup I have no business relationship with any company whose stock is mentioned in this article. PMeds are designed not only to target the specific causes of diseases, often at the genetic level, but the patients that are most likely to benefit from them. AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com I am not receiving compensation for it (other than from Seeking Alpha). Retail sales were up but so was inflation which meant more volatility for stocks. 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. In other words, no Humira, no problem! The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. All times are ET. My calculation is that Humira revenues in 2023 will be 80% of the 2022 figure, or $16.7bn. Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. Venclexta continues to pick up momentum with sales up 16% to >$500m in Q2'22, and I forecast the drug to exceed $3.2bn in revenues by the end of the decade. In my opinion, based on the current portfolio, AbbVie shares look undervalued below $160, but the upside above that price is limited, unless management is able to commercialize more products between now and the end of the decade, in order to achieve what looks like a very ambitious goal in driving high-single-digit revenue growth in the second half of this decade. As such, forecasting stock prices is more of an art than a science. AbbVie made the bold decision to take on a heavy debt load and bid for Allergan, with the deal being completed in 2020. To date, the company had invested more than $50 billion into research through more than 250 partnerships. Without the additional patents - >130 in total - Humira would have lost its market exclusivity in 2016, but having eventually lost protection in Europe, which has resulted in a sales decline from $6.3bn in 2018, to ~$2.7bn in 2022, Humira will finally face generic competition in the US from the beginning of this year. Although investing in AbbVie isn't riskless, it is advisable based on what we know about the company. I have speculatively assigned peak sales of $2bn, although it should be noted that success here is far from guaranteed, although if AbbVie did succeed with ABBV916 sales could be 2 or 3x higher than my forecast. Nevertheless, after applying the discount factor, I calculate a share price target of $151 based on DCF analysis and a slightly higher figure of $168 based on EBITDA analysis. AbbVie's stock was trading at $161.61 on January 1st, 2023. And never invest or trade money you cannot afford to lose. AbbVie has received a consensus rating of Hold. Specifically, they have bought $0.00 in company stock and sold $23,102,528.00 in company stock. When looking for ABBV stock forecasts, it's important to bear in mind that analysts' forecasts can be wrong. The average price target represents a 6.33% change from the last price of $153.90. AbbVie has a PEG Ratio of 3.51. I have no business relationship with any company whose stock is mentioned in this article. 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. For the next year, analysts predict that Free Cash Flow will reach 6.91B - an increase of 1.94%. abbvie stock forecast 2022 - 2025 - 2030 - 2032 Both Leqembi and Donanemab are potential $5bn - $10bn selling assets, but both drugs still have safety questions to answer and not certain to be made eligible for reimbursement. Payout ratios above 75% are not desirable because they may not be sustainable. AbbVie's Q2'22 earnings threw up some positives and negatives for investors to contemplate. 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. After 2022 Humira's row is shaded yellow to signify patent expiry. Gene therapies have been a long time coming, having first been popularized in the early noughties. Refer to our. Please log in to your account or sign up in order to add this asset to your watchlist. Furthermore, it seems sales of Lupron and Synthroid have joined the "All Other" section, which has generated $2.2bn of revenues in the first half of 2022, versus $1.5bn in the first half of 2021. To be sure, AbbVie is modeling for a tough year in 2023 for the aesthetics market. AbbVie Inc. (ABBV) Stock Forecast & Price Targets - Stock Analysis Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. Their ABBV share price forecasts range from $140.00 to $200.00. Botox accounts for the bulk of the companys Aesthetics portfolio revenue and about 4% of the net as of 2022. All Rights Reserved. ABBV - Abbvie Inc Forecast - CNNMoney.com - CNN Business Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Receive regular, detailed analysis focused on biotech and healthcare stocks. Receive ABBV Stock News and Ratings via Email. 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. Insiders that own company stock include Azita Saleki-Gerhardt, Brian L Durkin, Carlos Alban, Carrie C Strom, Carrie C Strom, Elaine K Sorg, Henry O Gosebruch, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Perry C Siatis, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, Scott T Reents, Timothy J Richmond and Timothy J Richmond. $163.64. What is AbbVie's stock price forecast for 2023? ABBV has several positive factors pushing its price performance. As we look beyond 2025, we expect combined sales for Skyrizi and Rinvoq to exceed the peak revenues achieved by Humira, which was more than $21 billion. (JPM Healthcare conference presentation), Skyrizi's performance has been particularly eye-catching. The Abbvie stock forecast for 2025 had the price at $259.018. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Psoriatic arthritis is also adding significantly to Skyrizi's momentum, where we are now approved in 54 countries. Get short term trading ideas from the MarketBeat Idea Engine. In my last note on AbbVie (NYSE:ABBV) for Seeking Alpha - in early July - I reviewed the Big Pharma's Q1'22 earnings and looked ahead to the release of Q2'22 figures. That was below AbbVie stock analysts' view for $14.16. 164.71 0.00 0.00%. 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. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. I/we have a beneficial long position in the shares of BMY, GILD, ABBV either through stock ownership, options, or other derivatives. The company has a robust pipeline of new products that are in some stage of clinical trials. Free Stock Analysis Report: See The True Value of Any Stock, The Best Strategy For Your Small Trading Account. The risks associated with aesthetics are that the industry can be severely buffeted by economic headwinds, as these products are more consumer focused and are often considered an unnecessary expenditure in times of hardship. Shares of ABBV stock can be purchased through any online brokerage account. The consensus among Wall Street research analysts is that investors should "hold" ABBV shares. The stocks growth marks a significant outperformance over the broader markets. AbbVie declared a quarterly dividend on Thursday, February 16th. Invest alongside the model portfolio or simply access the investment bank-grade financial models and research. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions). AbbVie had a net margin of 20.39% and a trailing twelve-month return on equity of 154.52%. Our momentum combined with ramping contributions from new products and new indications will drive accelerating revenue and EPS growth through the rest of the year., ABBV has done very well to add to its impressive gains from the past couple of years. Richard A. Gonzalez has an approval rating of 88% among the company's employees. contact@marketbeat.com Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. The Immunology division looks strong, even factoring in the patent cliff faced by $20 billion-selling Humira. AbbVie Stock Crumbles On Mixed Earnings, Slashes 2022 Earnings Outlook 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. 1 dividend stock for a LIFETIME of income. We continue to anticipate a clearer path to strong sales growth in 2025 with high-single-digit compounded annual growth rate to the end of this decade. If you have an ad-blocker enabled you may be blocked from proceeding. Abbvie Inc quote is equal to 152.710 USD at 2023-02-27. Allergan plc was an Ireland-based pharmaceutical company focused on health-oriented aesthetic products and is the owner of Botox. I am not receiving compensation for it (other than from Seeking Alpha). The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. The P/E ratio of AbbVie is 23.61, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 100.12. Among the more notable are ImmuVen, Pharamcyclics and Allergan plc. The average analyst rating for AbbVie stock from 34 stock analysts is "Buy". First we can take a quick look at what a forward income statement for AbbVie might look like to 2030. As of February 15th, there was short interest totaling 11,710,000 shares, an increase of 13.7% from the January 31st total of 10,300,000 shares. Out of the most recent ratings, BMO Capital Markets Gary Nachman raised its price target from $161 to $174 with an outperform rating, while Truist Financial analyst Robyn Karnauskas raised the Abbvie stock prediction from $118 to $135 while raising rating to a buy. AbbVie Stock Forecast 03-06-2023. This year is off to a strong start. Remember that past performance is not a guarantee of future results and you should never invest more money than you can afford to lose. I am using a weighted average cost of capital of ~10%, which is broadly consistent with the figure I use when modelling for the other 7 members of what I term the "Big 8" US Pharmas - Johnson & Johnson, Eli Lilly, Pfizer, Merck & Co (MRK), Bristol Myers Squibb, Amgen, and Gilead Sciences (GILD) - which helps prove the accuracy of the calculation. AbbVie passed that onto its 2022 guidance. It is important to do your own research, and remember that your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio and how comfortable you feel about losing money. AbbVie Fair Value Forecast for 2023 - 2025 - 2030 In the last two years, AbbVie's Price has grown, increasing from $91.55 to $130.05 - an increase of 42.06%. (844) 978-6257. (my tables and forecasting). 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. AbbVie's Dividend and Valuation. AbbVie stock was up after posting a mixed fourth-quarter earnings report, but with the company's patent expiring on Humira, the stock is a hold, February 24, 2023|americanbankingnews.com, February 23, 2023|americanbankingnews.com. All generate blockbuster <$1bn per annum sales - in Stelara's case >$9bn per annum, and in Enbrel's case, >$4.5bn. By creating a free account, you agree to our, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, Paid express lanes grow more popular in once-reluctant South, Pot vote has Oklahoma hungry to rake in green from Texas, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, BREAKING: Tiny biotech successfully treats blindness, Fed's Shocking New Plan to Control Your Money. I have downgraded my forecasts to 2016 accordingly however to 2% annual growth. Compare Top Brokerages Here. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. It . Although management reminded analysts that "Imbruvica continues to be the total market share leader across all lines of therapy in CLL", the outlook does not look especially promising. Sign-up to receive the latest news and ratings for AbbVie and its competitors with MarketBeat's FREE daily newsletter. A Warner Bros. The analysts 12-month consensus ABBV stock price target was $159.75. AbbVie (ABBV) stock Forecast for 2021 - 2025 - PandaForecast.com AbbVie saw a increase in short interest in February. The fact that my own forecasts are less ambitious than management's reflects the fact I have not introduced new products into my forecasts, and it will be interesting to see how management performs on that front as AbbVie has not really had to have a string pipeline while Humira has delivered such dominance in the auto-immune markets. The current consensus among 24 polled investment analysts is to Buy stock in Abbvie Inc. 2022 Cable News Network. ABBV currently yields 4.1% and has raised its dividend every year since 2013. This has been in spite of a string of macroeconomic headwinds such as the ongoing Russia-Ukraine war that has contributed to record high inflation in the US and the UK, and the companys psoriatic arthritis drug Adalimumab, known as Humira, facing biosimilar rivals in the US from 2023. AbbVie (ABBV) Stock Forecast & Price Target - TipRanks Snowflake Reports Weak Guidance: Is the Growth Snowflake Melting? 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. The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023. 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. GSK Free Cash Flow Forecast for 2023 - 2025 - 2030. I'm on twitter @edmundingham. I will conclude this analysis by stating that, based on all available information, market headwinds and tailwinds, competitors, and opportunities via its products and pipeline, I still consider AbbVie to be a strong investment opportunity. Based on earnings estimates, ABBV will have a dividend payout ratio of 54.11% next year. For ABBVIE INC stock forecast for 2023, 10 predictions are offered for each month of 2023 with average ABBVIE INC stock forecast of $156.58, a high forecast of $160.07, and a low forecast of $152.24. 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". It had an upside potential of 4.76%, based on the closing price of $152.49 on 29 June. I do much more than just articles at Haggerston BioHealth: Members get access to model portfolios, regular updates, a chat room, and more. View our ABBV earnings forecast. 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. Analysts have tipped the drug to achieve peak sales of $2.75bn, and although the emergence of CAR-T therapies and some concerns around safety - notably cases of cytokine release syndrome ("CRS') - persist, this revenue figure is achievable in my view. 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 company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings. According to CEO Gonzalez: Over the long-term, aesthetics continues to be an extremely attractive underpenetrated market with significant growth potential. Ltd., AbbVie Pty Ltd, AbbVie Purchasing LLC, AbbVie Real Estate Management GmbH, AbbVie Research B.V., AbbVie Resources Inc., AbbVie Resources International Inc., AbbVie Respiratory LLC, AbbVie S. de R.L., AbbVie S.A., AbbVie S.A., AbbVie S.A.S., AbbVie S.R.L., AbbVie S.r.l., AbbVie S. r.l., AbbVie SA, AbbVie SAS, AbbVie SIA, AbbVie Sarl, AbbVie Sdn. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.79%. (ABBV) AbbVie Stock Predictions from the Leading Provider of Short and Long Term Stock Price Forecasts. Read the conference call transcript. This means that . It should be noted however that, with ~$12bn near-term debt falling due, and long-term debt of ~$61bn - most of it due to the $66bn acquisition of Allergan, completed in 2020, AbbVie has some hefty interest expense payments to make - $15bn between 2022 and 2027, I estimate, and the level of debt makes it tough for the company to invest in M&A deals. I write about Biotech, Pharma and Healthcare stocks and share investment tips. Aurora Cannabis Stock Forecast for 2023 - 2025 - 2030 The median estimate represents a +5.72% increase from the last price of 156.07. 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. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. Abbvie has a strong pipeline of projects ahead, and has recently received US FDA approval of its ulcerative colitis drug Rinvoq. According to 34 stock analysts, the average 12-month stock price forecast for AbbVie stock is $166.14, which predicts an increase of 7.62%. What other stocks do shareholders of AbbVie own? I write about Biotech, Pharma and Healthcare stocks and share investment tips. Abbvie Stock Forecast | Is Abbvie a Good Stock to Buy? - Capital Johnson & Johnson Free Cash Flow Forecast for 2023 - 2025 - 2030. Should I buy or sell AbbVie stock right now? The median. It now expects full-year profit in the range of $13.92-$14.12 a share. 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.
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