In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. View our ABBV earnings forecast. Payout ratios above 75% are not desirable because they may not be sustainable. I wrote this article myself, and it expresses my own opinions. I wrote this article myself, and it expresses my own opinions. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Drug development has not traditionally been one of AbbVie's strengths - it has not had to be - but we ought to see the positive results of heavy investment into the oncology pipeline over the next 5-7 years, and by 2030, I believe this division could account for >17% of AbbVie's total revenues. 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. Other products such as Mavyret and Creon appear to have many more years of blockbuster sales ahead of them, although it is interesting to note that AbbVie no longer reports revenues from its Women's Health division, and scarcely mentions it. A AbbVie Inc. (NYSE:ABBV) insider lowered their holding by 87% earlier this year, These 2 Dividend Stocks Could Be a Great Addition to Your Income Portfolio, AbbVie Can Write Diversified Growth Story Without Humira, Rest Of The Business Has Strength, Analyst Says, AbbVie (NYSE:ABBV) Receives New Coverage from Analysts at Guggenheim, AbbVie to Present at the Cowen 43rd Annual Health Care Conference, AbbVie Receives Positive CHMP Opinion for Upadacitinib (RINVOQ) for the Treatment of Adults with Moderate to Severe Crohn's Disease, AbbVie Highlights Robust Gastroenterology Portfolio with New Analyses and Data in Inflammatory Bowel Diseases at the 18th Congress of European Crohn's and Colitis Organisation (ECCO), 3 Stocks to Buy Right Now That Are Cash Cows, The painfully high price of Humira is patently wrong, AbbVie Inc. (NYSE:ABBV) SVP Sells $4,310,832.64 in Stock, StockNews.com Upgrades AbbVie (NYSE:ABBV) to "Strong-Buy", AbbVie Inc. (NYSE:ABBV) Director Sells $1,505,000.00 in Stock, Azita Saleki-Gerhardt Sells 25,000 Shares of AbbVie Inc. (NYSE:ABBV) Stock, AbbVie and Capsida Biotherapeutics Expand Strategic Collaboration to Develop Targeted Genetic Medicines for Eye Diseases with High Unmet Need, view top-rated stocks among Wall Street analysts, 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. Since then, ABBV stock has decreased by 3.4% and is now trading at $156.06. The median estimate represents a +5.72% increase from the last price of 156.07. Multidrug Resistant Bacteria Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2030) Published: March 2, 2023 at 2:55 a.m. Johnson & Johnson is rushing toward a patent cliff but a new shelf offering registration suggests itis gearing up for acquisitions. 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. 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. The companys original winner, Humira, is still the number one revenue source but the portfolio has been greatly expanded. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Net earnings also saw a steep rise to $4.49bn from $3.55bn, while net revenue jumped to $13.54bn from 13.01bn. The company provided earnings per share (EPS) guidance of $10.70- for the period. The Abbvie stock forecast for 2025 had the price at $259.018. I am not receiving compensation for it (other than from Seeking Alpha). 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. As we can see, sales of Humira are still climbing, with losses in Europe - where revenues fell by 14% to $699m - offset by growth in the US, to $4.7bn, up 10% year-on-year. The average Abbvie stock price prediction forecasts a potential upside of 7.07% from the current ABBV share price of $155.27. I have no business relationship with any company whose stock is mentioned in this article. In summary, the total revenue increase of just 4% year-on-year in Q2'22 might disappoint a few investors, as might the downgraded guidance, although it is hard to argue that AbbVie is a bad investment when we consider that the Pharma also pays a dividend of $1.41 per quarter, yielding 4% per annum, drove operating earnings of $3.925bn on a GAAP basis, and trades at a >10% discount to my calculated target price. Please disable your ad-blocker and refresh. 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. AbbVie's Q2'22 earnings threw up some positives and negatives for investors to contemplate. It . Shares are consolidating with a buy. Price target. AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. 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. 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. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. 8.05% 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. Identify stocks that meet your criteria using seven unique stock screeners. Invest alongside the model portfolio or simply access the investment bank-grade financial models and research. 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. Their ABBV share price forecasts range from $140.00 to $200.00. Aesthetics was propped up by growing sales of Botox - up 12% year-on-year to $678m, but let down by sales of Juvederm, which management put down to lockdown regulations in China, and the "suspension" of operations in Russia. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. All rights reserved. Neuroscience looks highly promising too, and aesthetics capable of driving some respectable growth driven by old stager Botox. Is this happening to you frequently? Enjoy your holiday weekend and catch up on our most read stories this week. 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. 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. Past performance is no guarantee of future results. 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. In other words, no Humira, no problem! Please. Sign-up to receive the latest news and ratings for AbbVie and its competitors with MarketBeat's FREE daily newsletter. The difference between trading assets and CFDs. I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. 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. In the last two years, GSK's Free Cash Flow has grown by 0.37%, rising from 6.76B to 6.78B. 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%). Nineteen analysts predict that AbbVie's share price will increase in the coming year, reaching $165.00. 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. PEG Ratios above 1 indicate that a company could be overvalued. 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. I write about Biotech, Pharma and Healthcare stocks and share investment tips. 164.71 0.00 0.00%. My calculation is that Humira revenues in 2023 will be 80% of the 2022 figure, or $16.7bn. 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. The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. Move your mouse over a quarter or year to see how estimates have changed over time. 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. AbbVie is one of the largest global Pharmaceuticals, with a market cap of >$265bn. AbbVie could be the biggest global Pharma by revenue generation in 2028. Receive regular, detailed analysis focused on biotech and healthcare stocks. Sales of the drug reached $19.9bn in 2018 and were $19.2bn, $19.8bn and $20.6bn in 2019, 2020, and 2021 respectively. Read the conference call transcript. 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. According to CEO Gonzalez: Over the long-term, aesthetics continues to be an extremely attractive underpenetrated market with significant growth potential. 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. AbbVie discounted cash flow analysis. Shareholders of record on Friday, April 14th will be given a dividend of $1.48 per share on Monday, May 15th. In the U.S. dermatology segment, where approximately 30% of patients exhibit both skin and joint involvement, Skyrizi is already achieving an in-play patient share of nearly 20%. ABBV currently yields 4.1% and has raised its dividend every year since 2013. AbbVie stock is one of the most well-known pharmaceutical companies. In the past I have written about the high level of competition between major Pharma in the auto-immune space - for example, for Psoriatic Arthritis the list of approved drugs includes Humira, UCB Pharma's Cimzia, Amgen's Enbrel, Johnson & Johnson's (JNJ) Stelara, Eli Lilly's (LLY) Talzt, Novartis' (NVS) Cosentyx and Bristol-Myers Squibb's (BMY) Orencia. Eye Care, Other products Division Projected Revenues to 2030 (my table and assumptions ). Get daily stock ideas from top-performing Wall Street analysts. As of 2023 February 22, Wednesday current price of ABBV stock is 151.340$ 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. 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. 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). If you have an ad-blocker enabled you may be blocked from proceeding. In February, a Phase 3 induction study saw positive top-line results. That certainly won't derail the oncology division however. 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. Currently, AbbVie sees a significantly higher portion of every dollar end up as cash to do with what they please. Venclexta - a "first-in-class BCL-2 inhibitor for multiple hematological malignancies", according to Gonzalez, is forecast for strong growth, whilst Gonzalez has name checked 3 new drugs he expects to be approved by 2026. 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. 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. (AbbVie JPM Healthcare conference presentation). RHHBY vs. ABBV: Which Stock Is the Better Value Option? I have no business relationship with any company whose stock is mentioned in this article. It now expects full-year profit in the range of $13.92-$14.12 a share. Payout ratios above 75% are not desirable because they may not be sustainable. A Warner Bros. The company had recorded a $4.7 billion increase in the contingent consideration liability related to Skyrizi last year. AbbVie Stock Forecast 03-06-2023. 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. During the same quarter in the prior year, the firm posted $3.31 EPS. This means that . Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. Disclaimer. This would represent an increase of 1.78%. 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. 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. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. The total revenue in 2021 was $56.20 billion with a 31% operating margin. 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. With Skyrizi and Rinviq - two assets developed in-house - performing so well, however, perhaps we should give management the benefit of the doubt. Teliso V is an antibody drug conjugate and a c-Met inhibitor. The company is a member of the Fortune 100 and one of the Fortune 100s Best Companies To Work For. The company reported its first revenue for Botox competitor Daxxify. 580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. AbbVie trades on the New York Stock Exchange (NYSE) under the ticker symbol "ABBV.". 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. American biopharmaceutical company Abbvie (ABBV) has surged nearly 13% year to date (YTD), and 35% year-over-year (YOY), as of 30 June. The companys operations span 20 countries, treating more than 60 million people and 40 conditions annually. Based on our forecasts, a long-term increase is expected, the "ABBV" stock price prognosis for 2028-02-23 is 287.522 USD. This suggests a possible upside of 3.2% from the stock's current price. 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. AbbVie passed that onto its 2022 guidance. However, there are some general principles that can be followed in order to improve the accuracy of stock price predictions. 67.71% of the stock of AbbVie is held by institutions. When looking for ABBV stock forecasts, its important to bear in mind that analysts forecasts can be wrong. 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. The consensus rating was moderate buy based on 16 analysts ratings, with 10 recommending buy, five hold and sell. Revance Therapeutics gapped up 54.34% on January 9, and built upon those gains in February. To date, the company had invested more than $50 billion into research through more than 250 partnerships. That is interesting to me as I think it suggests management will need to commercialize more assets if it wants to hit that target. In terms of market cap, it ranks third behind Pfizer ( PFE) and Novo Nordisk ( NVO ). 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, Date. 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. 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. AbbVie had a net margin of 20.39% and a trailing twelve-month return on equity of 154.52%. The average ABBVIE INC stock forecast 2023 represents a 1.86% increase from the last price of $153.729995727539. Our Product Disclosure Statement (PDS) and Target Market Determination provides important information about our products and who our products are more likely to be suited to Capital.com does not provide financial or investment advice and you should seek independent advice if you are unsure of the risks or whether our products are suitable for you. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.54 by $0.06. When looking for ABBV stock forecasts, it's important to bear in mind that analysts' forecasts can be wrong. To summarize, Humira may be going off-patent, but is more than capable of delivering double-digit billion revenues for another 3-4 years, and even in 2030, it could be amongst the top 20 best-selling drugs worldwide. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. My No. 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. Skyrizi - which inhibits the activities of IL-23 - a naturally occurring cytokine that is involved in inflammatory and immune responses - and Rinvoq - a member of the janus kinase inhibitor drug class - fit this profile. Projections are based on making fundamental and technical studies of the ABBV stock price performance. Since its 2013 separation from Abbott Laboratories (ABT 1.78%), AbbVie's stock has grown more than 160%. 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. There has been a raft of price-moving news for Abbvie, which may positively affect the stock price. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions) . 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. AbbVie does not have the funds to pursue any large M&A deals, but it does not need to either, given the strength of its pipeline and products. I am not receiving compensation for it (other than from Seeking Alpha). 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. The material provided on this website is for information purposes only and should not be understood as an investment advice. 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. The company projects the U.S. toxin market (where Botox is the top product) will decline by mid-single digits. You should never invest money you cannot afford to lose. 326 E 8th St #105, Sioux Falls, SD 57103 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. Only 0.08% of the stock of AbbVie is held by insiders. That led to an overall 6% year-on-year gain of 6%, and a 13% sequential gain. Is this happening to you frequently? This indicates that the company will be able to sustain or increase its dividend. 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. 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. View which stocks are hot on social media with MarketBeat's trending stocks report. 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 What that means is, essentially it will be on formulary with biosimilars, but there won't be any difference between the biosimilar and Humira from a co-pay standpoint or any kind of a step editing. See AbbVie Inc. (ABBV) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Although investing in AbbVie isn't riskless, it is advisable based on what we know about the company.
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