abbvie stock forecast 2030

AbbVie Inc. (ABBV) Analyst Ratings, Estimates & Forecasts - Yahoo Finance AbbVie has fought off patent challenges against Humira for years longer than expected, and despite losing exclusivity in Europe in 2020, a series of price hikes and market dominance in the US in indications such as Rheumatoid Arthritis ("RA"), Psoriatic Arthritis ("PsA"), Crohn's Disease ("CD"), and Ulcerative Colitis ("UC") - have enabled the drug's sales revenues to keep growing. Shares of ABBV stock can be purchased through any online brokerage account. AbbVie's stock is owned by many different institutional and retail investors. I do much more than just articles at Haggerston BioHealth: Members get access to model portfolios, regular updates, a chat room, and more. AbbVie has said it expects to generate high-single-digit CAGR growth from 2025 to the end of the decade after revenues fall in 2023 due to Humira LOE. 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. Rinvoq's progress has been a little more circumspect, but almost as impressive. Gene therapies have been a long time coming, having first been popularized in the early noughties. But AbbVie is also keen to explore solid tumors, and I am therefore adding an additional $1.5bn of revenues from that source by 2030. Disclaimer. On average, analysts forecast that ABBV's EPS will be $11.80 for 2023, with the lowest EPS . My No. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. I am not receiving compensation for it (other than from Seeking Alpha). The company can be reached via phone at (847) 932-7900 or via fax at 302-655-5049. 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. Our first quarter results highlight the diversity of our portfolio and include compelling performance from key growth drivers Skyrizi, Rinvoq, Aesthetics and Neuroscience. 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. This suggests a possible upside of 3.2% from the stock's current price. 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 current consensus among 24 polled investment analysts is to Buy stock in Abbvie Inc. 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. I have no business relationship with any company whose stock is mentioned in this article. How often does AbbVie pay dividends? AT&T Inc. (T) stock forecast and price target Find the latest AT&T Inc. T analyst stock forecast, price target, and recommendation trends with in-depth analysis from research reports. American biopharmaceutical company Abbvie (ABBV) has surged nearly 13% year to date (YTD), and 35% year-over-year (YOY), as of 30 June. Get short term trading ideas from the MarketBeat Idea Engine. These are Immunology, Oncology, Neurology, Virology and Eye Care. Assuming there are 2 highly effective drugs for 1 disease, PMedicine seeks to identify which patients respond better to each. An investment in AbbVie is not without risk, but my contention is that this Pharma is in good hands - CEO Gonzalez has made few mistakes during his near-decade in charge - and will emerge from the Humira LOE a stronger and more diverse company. approvals of Humira, Skyrizi, Rinvoq (AbbVie JPM Healthcare conference presentation). 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. What is the dividend yield for AbbVie? The companys operations span 20 countries, treating more than 60 million people and 40 conditions annually. Based on an average daily volume of 5,600,000 shares, the days-to-cover ratio is currently 2.1 days. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions) . Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: What is Richard A. Gonzalez's approval rating as AbbVie's CEO? Below, I will outline how I see AbbVie putting the Humira LOE firmly behind it, and driving the high single digit percentage annual growth management has promised. AbbVie Inc. (ABBV) Stock Forecast & Price Targets - Stock Analysis 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. Data from two Phase 3 induction studies and one maintenance study supported the approval. 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. It is in business to discover, develop, manufacture and market pharmaceuticals globally but in a way that best serves the needs of patients and the global community. AbbVie product revenue forecasts to 2030. 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, It had an upside potential of 4.76%, based on the closing price of $152.49 on 29 June. The company didn't offer a . There are still very few approved therapies, although that could change with Crispr Therapeutics (CRSP) / Vertex (VRTX) Sickle Cell Disease therapy leading the charge in 2023. According to CEO Gonzalez: Over the long-term, aesthetics continues to be an extremely attractive underpenetrated market with significant growth potential. The companys original winner, Humira, is still the number one revenue source but the portfolio has been greatly expanded. Where Will AbbVie Be in 5 Years? | The Motley Fool Johnson & Johnson Free Cash Flow Forecast for 2023 - 2025 - 2030. The company had recorded a $4.7 billion increase in the contingent consideration liability related to Skyrizi last year. Management believes these 2 drugs could one day generate $15bn in peak sales, going a long way to solving the Humira loss of exclusivity ("LOE") problem. AbbVie made the bold decision to take on a heavy debt load and bid for Allergan, with the deal being completed in 2020. 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. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. Date. View our ABBV earnings forecast. Among the many avenues of research and innovation are the advancement of precision medicine or pMedicine. I wrote this article myself, and it expresses my own opinions. 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". 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. In other words, management believes the LOE of Humira - despite it being the world's best-selling drug - will not hinder growth at the company. I'm on twitter @edmundingham. 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 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. . The company's lead asset - all-time best selling immunology drug Humira - finally loses patent protection this year and sales will enter a period of terminal decline. AbbVie product revenues by quarter and year since FY20. As we can see, as per management's guidance revenues fall between 2022 and 2023, before recovering and growing in each year after. Management puts this down to "delayed market recovery for new patients starting therapy in Chronic Lymphocytic Leukemia ("CLL") and increasing competition" and has downgraded its FY22 guidance as a result. Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. 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. The company issued revenue guidance of -. Their ABBV share price forecasts range from $140.00 to $200.00. For the next year, analysts predict that Free Cash Flow will reach 6.91B - an increase of 1.94%. AbbVie's Dividend and Valuation. I'm on twitter @edmundingham. I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. target price for AbbVie stock based on DCF / EBITDA multiple analysis (my table and assumptions). On average, they predict the company's stock price to reach $161.12 in the next year. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The eye-disease markets are very large - Regeneron's Eylea is a >$7bn per annum selling drug and AMD markets are >$20bn in size. Skyrizi and Rinvoq will together achieve a higher peak sales figure than even Humira could manage, even while Humira is still making a substantial top line contribution, still accounting for as much of 7% of AbbVie's total sales in 2030. AbbVie passed that onto its 2022 guidance. It is a Top 50 Company regarding diversification and a member of the Dow Jones Sustainability World Index and the S&P ESG Index. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. I write about Biotech, Pharma and Healthcare stocks and share investment tips. Abbvie has a strong pipeline of projects ahead, and has recently received US FDA approval of its ulcerative colitis drug Rinvoq. The average price target is $163.64 with a high forecast of $190.00 and a low forecast of $133.00. We expect that to happen in 2027 with continued significant growth anticipated in the following years. 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. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. As of 2022, AbbVie employed more than 50,000 people globally with 21,000 in STEM-related positions. Perhaps this is an example of how ruthless management can be when encountering falling sales, and a warning that not all company divisions are guaranteed to thrive. Nevertheless, AbbVie is clearly under huge pressure to protect its dominance in the immunology markets, and the signs are it has been able to do just that thanks to the launches of 2 new drugs - Skyrizi and Rinvoq. Is this happening to you frequently? ET comments Botox accounts for the bulk of the companys Aesthetics portfolio revenue and about 4% of the net as of 2022. This suggests a possible upside of 3.8% from the stock's current price. 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. After a Blowout Quarter, Is AbbVie Stock a Buy? | The Motley Fool - Nasdaq (my tables and forecasting). 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. 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. AbbVie Inc. is a US-based biopharma company with global operations. As well as the stock price gains AbbVie has always paid a handsome dividend - which has increased by 270% since the Pharma's inception, currently paying $1.48 per quarter, for a current yield of 4% - the highest in the large Pharmaceutical sector. The official website for the company is www.abbvie.com. Abbvie Inc quote is equal to 152.710 USD at 2023-02-27. With no LOEs on the horizon, it is relatively plain sailing for the company ex-Humira, and the performance of Skyrizi and Rinvoq - to date at least - suggests management does have this massive patent cliff covered. The consensus rating was moderate buy based on 16 analysts ratings, with 10 recommending buy, five hold and sell. There are currently 9 hold ratings and 7 buy ratings for the stock. (NYSE: ABBV) Abbvie's current Earnings Per Share (EPS) is $6.65. Outside of Humira, management does not have to worry about LOEs for any of its other portfolio products before the end of the decade, which is encouraging, however, based on my own projections of how AbbVie will generate its revenues between 2023 and 2030, if management wants to drive a CAGR in the high single digits after 2025, it will need some help from its pipeline - not an area of particular strength for AbbVie. AbbVie will have to drop its price point to compete with the generics however, plus there is the 10% of the market it is not covered for, so an overall 20% decline in revenues in 2023 seems accurate. The company has a robust pipeline of new products that are in some stage of clinical trials. According to CompaniesMarketCap, the biopharmas market capitalisation stood at $272.38bn, making it the worlds 30th most valuable company. Finally, AbbVie was able to raise its financial . The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. AbbVie could be the biggest global Pharma by revenue generation in 2028. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. How do I arrive at my share price target? With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! Over the years, AbbView Inc. has made numerous acquisitions. 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. 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. 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. Our daily ratings and market update email newsletter. The S&P 500 (US500) lost 9.1%, the Dow Jones (US30) slid 9.7%, and the Nasdaq Composite fell 23% during the same period. In the last two years, Aurora Cannabis's Revenue has fallen from C$245.54M to C$245.25M - a 0.12% decrease. This means that . AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com I am modelling for AbbVie to grow revenues at a compound annual growth rate of ~5% between now and 2030 with growth accelerating in the latter half of the decade. 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. ABBV Stock Forecast Price Target for 2024 TradingView If you rely on the information on this page then you do so entirely on your own risk. 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.

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