AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. ABBV currently yields 4.1% and has raised its dividend every year since 2013. Finally, AbbVie was able to raise its financial . Since then, however, the stock price has fallen 18% to. With AbbVie seemingly very confident of approvals for all 3 of these drugs, and Gonzalez suggesting they could form the basis of a "$6 billion kind of franchise" I have modelled for such an outcome by 2030. About the AbbVie, Inc. stock forecast. Bringing RGX314 would be a coup for AbbVie although I am forecasting for only $2bn in peak revenues in 2030 as a hedge against the risk that this candidate does not make it to market on safety grounds. Over the years, AbbView Inc. has made numerous acquisitions. 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. AbbVie Inc. (ABBV) Stock Price, News, Quote & History - Yahoo Finance I look forward to seeing if Epcoritamab is approved this year, and although there is not a lot else in the near-term pipeline at this time, I also look forward to seeing how other projects may progress, e.g., opportunities in Parkinson's Disease, Alzheimer's and Cystic Fibrosis. This means that . 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, AbbVie is one of the largest global Pharmaceuticals, with a market cap of >$265bn. 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. 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. AbbVie discounted cash flow analysis. Migraine therapy Ubrelvy is a future blockbuster, Gonzalez believes, as is Qulipta, in the same indication. The dividend payout ratio is 89.56%. AbbVie trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABBV.". My calculation is that Humira revenues in 2023 will be 80% of the 2022 figure, or $16.7bn. I have not managed to match management's ambitious high-single-digit growth figures from 2025 - 2023, despite anticipating 6% growth for nearly all products in that period. AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com As of 2023 February 22, Wednesday current price of ABBV stock is 151.340$ and our data indicates that the asset price has been in an uptrend for the past 1 year (or since its inception).. Abbvie stock price as been showing a rising tendency so we believe that similar market segments were very popular in the given time frame. Revance Therapeutics gapped up 54.34% on January 9, and built upon those gains in February. 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. (my tables). Nineteen analysts predict that AbbVie's share price will increase in the coming year, reaching $165.00. What is ABBV's Earnings Per Share (EPS) forecast for 2023-2025? The company can be reached via phone at (847) 932-7900 or via fax at 302-655-5049. For the next year, analysts predict that Free Cash Flow will reach 6.91B - an increase of 1.94%. Within the oncology division sales of Imbruvica fell 17% year-on-year. 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. 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. 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 in to your free account to enjoy all that MarketBeat has to offer. 8.05% These are Immunology, Oncology, Neurology, Virology and Eye Care. 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. Noting the stellar earnings reported by the firm in the first quarter, Richard A. Gonzalez, chairman and CEO of AbbVie, said: An overview of the companys net revenue in Q1 shows a major portion of revenue came from its immunology portfolio, which brought in $6.14bn. 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. This could present more profit potential for drugmakers as well as investors. You should consider whether you understand how CFDs work and can afford the risks. If you rely on the information on this page then you do so entirely on your own risk. The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.54 by $0.06. If signs point to that happening I will likely be revising my target price upwards again, but I am playing it more conservative as nobody truly knows the scale of losses after the Humira LOE. As per management's guidance, I am modelling for $5.7bn of revenues in 2023, with growth beginning to accelerate substantially from 2025 / 26 onwards. I have downgraded my forecasts to 2016 accordingly however to 2% annual growth. 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. The average analyst rating for AbbVie stock from 34 stock analysts is "Buy". Psoriatic arthritis is also adding significantly to Skyrizi's momentum, where we are now approved in 54 countries. 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. ET comments 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). The majority of the biosimilar (more sophisticated versions of generic drugs) imitations of Humira that will contest for market share with the original will launch around the middle of 2023, including versions developed by Pfizer (PFE), Boehringer Ingelheim, Organon (OGN), Biocon, Coherus Biosciences (CHRS) and Sandoz, whilst Amgen's (AMGN) Amjevita is permitted to launch in January. AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com GB Zscaler, Inc Plummets, Is It Time To Buy The Dip? The first is Epcoritamab, a CD3xCD20 bispecific for B-cell malignancies, including DLBCL and follicular lymphoma, which AbbVie expects will be approved this year. AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock. CNN Sans & 2016 Cable News Network. Among the more notable are ImmuVen, Pharamcyclics and Allergan plc. The average Abbvie stock price prediction forecasts a potential upside of 7.07% from the current ABBV share price of $155.27. 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. Based on earnings estimates, AbbVie will have a dividend payout ratio of 54.11% next year. Teliso V is an antibody drug conjugate and a c-Met inhibitor. Only 0.08% of the stock of AbbVie is held by insiders. Should You Buy AbbVie Stock After The Recent 7% Fall? - Forbes Payout ratios above 75% are not desirable because they may not be sustainable. In terms of market cap, it ranks third behind Pfizer ( PFE) and Novo Nordisk ( NVO ). And with a dividend yield of 4.9%, AbbVie is quite attractive for investors yearning for . Their ABBV share price forecasts range from $140.00 to $200.00. ABBV-916 is therefore a real opportunity for AbbVie to develop a more effective and safer drug in the same class and claim a sizeable share of a 6m patient market. I am not receiving compensation for it (other than from Seeking Alpha). 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. Management initially blamed slow take-up post pandemic for the drug's declining sales, but Gonzalez also told JPM Conference attendees that "new competitive entrants has significantly lowered our sales expectations for Imbruvica". It . Over the next nine years, experts believe that GSK's Free Cash Flow will grow at a rate of 1.98%. (ABBV) AbbVie Stock Predictions from the Leading Provider of Short and Long Term Stock Price Forecasts. 580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. Drug pricing is another issue - there is bipartisan, and international pressure on US Pharmas to reduce drug pricing, particularly outside of the US. In my model I have then reduced revenues by 20% between 2024 - 2026, and then by 10% per annum between 2027 - 2030. Receive regular, detailed analysis focused on biotech and healthcare stocks. My EPS figure increases slightly between 2022 and 2023, whilst AbbVie has suggested it will be down slightly before beginning to accelerate towards the end of the decade, as revenues correspondingly begin to climb sharply once the worst of the Humira LOE is over. 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. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. All Rights Reserved. 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. In this post, I will discuss Q2'22 results, as well as the long-term outlook for AbbVie based on the latest information, goals, risks, and financial modeling analysis, to try to establish a target price for AbbVie stock. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks. That is interesting to me as I think it suggests management will need to commercialize more assets if it wants to hit that target. 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. AbbVie (ABBV) stock Forecast for 2021 - 2025 - PandaForecast.com 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. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Neurology also looks strong although aesthetics, eye care and oncology have something to prove. The P/E ratio of AbbVie is 23.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.03. See AbbVie Inc. (ABBV) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. 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. Skyrizi has also been approved to treat Crohn's Disease, an added bonus and another multi-billion dollar market. 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. The five-year dividend growth rate is just below 18%. Most stock quote data provided by BATS. 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. Abbvies haematologic oncology portfolio, neuroscience portfolio and aesthetics portfolio reported net revenues of $1.65bn, $1.49bn and $1.37bn, respectively. View our ABBV earnings forecast. The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. Gonzalez has vigorously defended AbbVie against accusations of price manipulation, but the company is renowned for pushing drug prices up annually and should its powerful lobbies become less powerful in the face of external pressure, once again, the sector will start to look unattractive for investors. Skyrizi is a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialisation globally. Is this happening to you frequently? I'm on twitter @edmundingham. At their peak, according to a slide from AbbVie's presentation at the JPMorgan (JPM), these 2 drugs are expected to generate more revenues than Humira at its peak. (AbbVie JPM Healthcare conference presentation). I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. Note that analysts ABBV stock forecasts can be wrong. Rinvoq's progress has been a little more circumspect, but almost as impressive. 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. All generate blockbuster <$1bn per annum sales - in Stelara's case >$9bn per annum, and in Enbrel's case, >$4.5bn. The CEO, speaking at a fireside chat during the conference, commented: we remain well-positioned to absorb the impact from the Humira LOE and quickly return to strong growth starting in 2025. Our first quarter results highlight the diversity of our portfolio and include compelling performance from key growth drivers Skyrizi, Rinvoq, Aesthetics and Neuroscience. In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. Investors are already flocking there for a chance at 1,000%+ returns. According to CompaniesMarketCap, the biopharmas market capitalisation stood at $272.38bn, making it the worlds 30th most valuable company. Based on earnings estimates, ABBV will have a dividend payout ratio of 54.11% next year. I am not receiving compensation for it (other than from Seeking Alpha). 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. Since then, ABBV stock has decreased by 3.4% and is now trading at $156.06. . I hope to see you there. 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. When looking for ABBV stock forecasts, it's important to bear in mind that analysts' forecasts can be wrong. Receive ABBV Stock News and Ratings via Email. AbbVie's free cash flow yield is 10.5% compared to 4.3% for Johnson & Johnson . 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. For the next nine years, the forecast is for Revenue to grow by 3.57%. This year is off to a strong start. The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023. These products are not suitable for everyone and you should therefore consider your objectives, financial situation, needs and experience with these products before investing in them. Get daily stock ideas from top-performing Wall Street analysts. Factset: FactSet Research Systems Inc.2019. There has been a raft of price-moving news for Abbvie, which may positively affect the stock price. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. AbbVie passed that onto its 2022 guidance. Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. I haven't included Epcoritamab sales in my forecasts this time, but I hope to adjust the table before Q3'22 results are announced. Better Buy: AbbVie vs. Johnson & Johnson | The Motley Fool Read the conference call transcript. Date. What is a Good Dividend Yield? 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. The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. The company had recorded a $4.7 billion increase in the contingent consideration liability related to Skyrizi last year. On average, they predict the company's stock price to reach $161.12 in the next year. I wrote this article myself, and it expresses my own opinions. Forecast target price for 03-06-2023: $ 152.58. [email protected] CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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. The company has a robust pipeline of new products that are in some stage of clinical trials. Disclaimer. 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. On the negative side of things, we can see that AbbVie is no longer breaking out sales within its Women's Health division, with revenues lumped into the "all other section, presumably. In the U.S. dermatology segment, where approximately 30% of patients exhibit both skin and joint involvement, Skyrizi is already achieving an in-play patient share of nearly 20%. You should do your own research and never invest money you cannot afford to lose. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. These are mostly related to the US Food and Drug Administrations (FDA) approval of Abbvies drug Rinvoq for ulcerative colitis and positive top-line results from the Phase 3 induction study U-EXCEL. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings. Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. I have no business relationship with any company whose stock is mentioned in this article. 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. Not only do these companies pay handsome dividends, they typically grow revenues every year and generate wide profit margins which leads to share price upside.

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