Finally, AbbVie was able to raise its financial . The Abbvie stock forecast for 2025 had the price at $259.018. The five-year dividend growth rate is just below 18%. Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. You should never invest money you cannot afford to lose. Please disable your ad-blocker and refresh. Where Will AbbVie Be in 5 Years? | The Motley Fool AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions) . It should be noted that the strength of the competition AbbVie faces from other Pharma's desperate to claim a larger share of the immunology markets after Humira's LOE is fierce - Eli Lilly's (LLY) Olumiant, Pfizer's (PFE) Zeljanz, Amgen's Otezla, Bristol Myers Squibb's (BMY) Zeposia, Johnson & Johnson's (JNJ) Tremfya, Novartis' (NVS) Cosentyx and Regeneron (REGN) / Sanofi's (SNY) Dupixent to name a few. Disclosure: I/we have a beneficial long position in the shares of BMY, GILD, ABBV either through stock ownership, options, or other derivatives. And we remain confident in our ability to achieve total sales of more than $9 billion by 2029. 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. AbbVie is one of the largest global Pharmaceuticals, with a market cap of >$265bn. The major market events for the week ahead right in your inbox. Specifically, they have bought $0.00 in company stock and sold $23,102,528.00 in company stock. The company reported its first revenue for Botox competitor Daxxify. Disclaimer. AbbVie (ABBV) Stock Forecast & Price Target - TipRanks In terms of market cap, it ranks third behind Pfizer ( PFE) and Novo Nordisk ( NVO ). AbbVie declared a quarterly dividend on Thursday, February 16th. The official website for the company is www.abbvie.com. Get daily stock ideas from top-performing Wall Street analysts. 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. 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. All rights reserved. Since its 2013 separation from Abbott Laboratories (ABT 1.78%), AbbVie's stock has grown more than 160%. The company originated as the bio-pharma segment of Abbott Laboratories and was spun off in late 2012. Wallet Investor suggested that the price could hit $300.386 in June 2027. What other stocks do shareholders of AbbVie own? Capital Com is an execution-only service provider. There has been a raft of price-moving news for Abbvie, which may positively affect the stock price. 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. 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. 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. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares. ABBV - AbbVie Stock Prediction 2025 - 2030 AbbVie (ABBV) stock Forecast for 2021 - 2025 - PandaForecast.com Abbvie (ABBV) stock price prediction is 262.23586323343 USD. The Abbvie Past performance is no guarantee of future results. 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. I hope to see you there. Thus, it is likely that ABBV will continue to find support on the dips in this type of market environment.. The dividend payout ratio of AbbVie is 89.56%. 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. 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. 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. Price target. 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. writing - trading down slightly from its all-time high of >$160 achieved in early December last year. AbbVie's mailing address is 1 NORTH WAUKEGAN ROAD, NORTH CHICAGO IL, 60064. 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. 67.71% of the stock of AbbVie is held by institutions. The Large Pharma sector performed remarkably well in 2022, with the "Big 8" delivering an average ~15% gain whilst the S&P 500 index fell in value, and the biotech sector was in turmoil. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Skyrizi has also been approved to treat Crohn's Disease, an added bonus and another multi-billion dollar market. AbbVie projected sales - immunology (my forecasts and assumptions). Currently, AbbVie sees a significantly higher portion of every dollar end up as cash to do with what they please. 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. In the next year, analysts expect Free Cash Flow to reach $26.97B - an increase of 58.68%. Investors needn't panic however - Humira's replacements are expected by AbbVie's CEO to generate even higher revenues per annum. PEG Ratios above 1 indicate that a company could be overvalued. 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. (my tables). Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Receive ABBV Stock News and Ratings via Email. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. AbbVie income statement forecast (My table and assumptions). 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. Retail sales were up but so was inflation which meant more volatility for stocks. 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. (my table and forecasts). 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. Drug pricing is another issue - there is bipartisan, and international pressure on US Pharmas to reduce drug pricing, particularly outside of the US. Among the more notable are ImmuVen, Pharamcyclics and Allergan plc. (JPM Healthcare conference presentation), Skyrizi's performance has been particularly eye-catching. I had felt this could be an issue for Skyrizi and Rinvoq, given it is rare for a drug to be as dominant as Humira was, but although the level of competition is fierce, both drugs are more than meeting expectations, and with the entire auto-immune market worth as much as $45 - $50bn, it does seem possible that Skyrizi and Rinvoq could one day generate >$20bn revenues between them, as management hopes. Within the oncology division sales of Imbruvica fell 17% year-on-year. 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. 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. The analysts 12-month consensus ABBV stock price target was $159.75. 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. AbbVie (NYSE:ABBV) has a market capitalization of $276.13 billion and generates $58.05 billion in revenue each year. For full year 2022, Abbvie predicted the adjusted diluted EPS guidance range at $14.00 to $14.20 and $13.92 to $14.12. As a result I have dropped Imbruvica revenues to just over $3.5bn in 2022 and modelled for a CAGR growth of just 1.5% between then and 2030. 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 has been increasing its dividend for 51 years. However, there are some general principles that can be followed in order to improve the accuracy of stock price predictions. Between September 2021 and April 2022, AbbVie stock went on a sensational bull run, gaining 62% and hitting an all-time peak of $174. Any company is likely to struggle if sales of its best-selling asset begin to decline by ~20% per annum, which is traditionally the rate at which patent expired drugs' sales slip, but when the drug in question accounts for >35% of a company's sales, as Humira does, the situation becomes even more serious. 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. Bhd., AbbVie Sp. AbbVie's Q2'22 earnings threw up some positives and negatives for investors to contemplate. High institutional ownership can be a signal of strong market trust in this company. Disclosure: I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. Abbvie Stock Forecast: up to 179.050 USD! - Walletinvestor.com The median. Different trading strategies will suit different investment goals with short or long-term focus. If you have an ad-blocker enabled you may be blocked from proceeding. AbbVie could be the biggest global Pharma by revenue generation in 2028. Read the conference call transcript. 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. If you have an ad-blocker enabled you may be blocked from proceeding. Johnson & Johnson Stock Forecast 2023 - 2025 - 2030 Among the many avenues of research and innovation are the advancement of precision medicine or pMedicine. You should do your own research and never invest money you cannot afford to lose. The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. 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. 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". The stocks growth marks a significant outperformance over the broader markets. 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. Is this happening to you frequently? 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. To summarize, although AbbVie does not have the same clout in oncology as it does in immunology - as evidenced perhaps by the declining sales of Imbruvica - it is clearly an area of focus for management. And with a dividend yield of 4.9%, AbbVie is quite attractive for investors yearning for . This figure could eventually end up substantially larger - according to Gonzalez: We've begun to see some very exciting data from several solid tumor programs, including our anti-GARP antibody ABBV-151, and our PTK7 ADC, ABBV-647. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. AbbVie is led by CEO and Chairman Rick Gonzalez - likely the only Pharma CEO who lacks a college degree - who has successfully defended Humira from generic drug competition by adopting a controversial strategy of continually applying for new patents related to minor changes in manufacturing methods or administration, often referred to as a "patent thicket". Trial results demonstrated an overall response rate of 63% and a median duration of response of 12 months, where 39% of patients had already tried a CAR-T cell therapy. The company has a robust pipeline of new products that are in some stage of clinical trials. z o.o., AbbVie Spain S.L., AbbVie Stemcentrx LLC, AbbVie Trading S.R.L., AbbVie Trustee Company Limited, AbbVie Tbbi lalar Sanayi ve Ticaret Limited irketi, AbbVie UAB, AbbVie UK Biopharmaceuticals Ltd, AbbVie UK Holdco Limited, AbbVie UK Ltd, AbbVie US Holdings LLC, AbbVie US LLC, AbbVie Venezuela B.V., AbbVie Venezuela Holdings B.V., AbbVie Ventures LLC, AbbVie d.o.o., AbbVie s.r.o., Aeropharm Technology LLC, Allergan, BioDisplay Technologies Inc., Fournier Laboratories Ireland Ltd., Fremont Holding L.L.C., Fundacin AbbVie, IEP Pharmaceutical Devices LLC, ImmuVen, KOS Pharmaceuticals Inc., Knoll LLC, Knoll Pharmaceutical Company, Life Properties Inc., Mavupharma, Organics L.L.C., Pharmacyclics (Europe) Limited, Pharmacyclics (Shanghai) Management Consulting Services Limited, Pharmacyclics Cayman Ltd., Pharmacyclics Inc, Pharmacyclics LLC, Pharmacyclics Switzerland GmbH, Rowell Laboratories Inc., S.C. AbbVie S.R.L., Sapphire Merger Sub Inc., Stem CentRx, Stemcentrx Cayman Ltd., Suffolk Merger Sub Inc., and Unimed Pharmaceuticals LLC. AbbVie Inc. (ABBV) Stock Forecast & Price Targets - Stock Analysis Allergan plc was an Ireland-based pharmaceutical company focused on health-oriented aesthetic products and is the owner of Botox. You should consider whether you understand how CFDs work and can afford the risks. Get short term trading ideas from the MarketBeat Idea Engine. 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 consensus among Wall Street research analysts is that investors should "hold" ABBV shares. This means that . AbbVie Stock Crumbles On Mixed Earnings, Slashes 2022 Earnings Outlook I wrote this article myself, and it expresses my own opinions. AbbVie: Modelling The Post Humira Bull Case To 2030 (ABBV) What is Richard A. Gonzalez's approval rating as AbbVie's CEO? AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com GB 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. Multidrug Resistant Bacteria Treatment Market - MarketWatch According to CEO Gonzalez: Over the long-term, aesthetics continues to be an extremely attractive underpenetrated market with significant growth potential. Partnerships are with universities, medical facilities, research organizations and other pharmaceutical companies. The surge in revenues can primarily be attributed to its Allergan. CFDs are complex leveraged instruments and come with a high risk of losing money. What is AbbVie's stock price forecast for 2023? MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. AbbVie Stock Forecast 03-06-2023. As of 2022, AbbVie employed more than 50,000 people globally with 21,000 in STEM-related positions. Read our dividend analysis for ABBV. It . Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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. 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. Invest alongside the model portfolio or simply access the investment bank-grade financial models and research. Sales of the drug reached $19.9bn in 2018 and were $19.2bn, $19.8bn and $20.6bn in 2019, 2020, and 2021 respectively. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.79%. Based on earnings estimates, AbbVie will have a dividend payout ratio of 54.11% next year. 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. First of all, as shown in the table above I forecast product sales out to 2030. 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 product revenues by quarter and year since FY20. Compare Top Brokerages Here. 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. 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. In February, a Phase 3 induction study saw positive top-line results. 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. For the next nine years, the forecast is for Revenue to grow by 3.57%. This year is off to a strong start. How do I arrive at my share price target? In most cases, trials are underway for multiple indications, including some therapies that have already been approved for 1 or more conditions. I haven't included Epcoritamab sales in my forecasts this time, but I hope to adjust the table before Q3'22 results are announced. AbbVie - ABBV Stock Forecast, Price & News - MarketBeat That was below AbbVie stock analysts' view for $14.16. Neurology also looks strong although aesthetics, eye care and oncology have something to prove. My No. Better Buy: AbbVie vs. Johnson & Johnson | The Motley Fool 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. Forecast target price for 03-06-2023: $ 152.58. While some of the gains are due to investor perception that it is a strong company, some view ABBV as a defensive stock, with most of the other stocks in the sector also doing well. 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. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. According to 23 major analysts, AbbVie's Fair Value will fall by 5.43% in the next year, reaching $122.98. Their ABBV share price forecasts range from $140.00 to $200.00. AbbVie Oncology Division Forward Revenue Projections (my table and assumtpions). 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. And it couldnt be more wrong! This would represent an increase of 1.78%. We have also launched Skyrizi for PSA in rheumatology, where we're seeing strong utilization, which is driving accelerated share growth. And never invest or trade money you cannot afford to lose. Botox accounts for the bulk of the companys Aesthetics portfolio revenue and about 4% of the net as of 2022. Currently, the company has a "stable" rating, but that must be maintained or investors will perceive the company as unsafe to invest in and that will drag the share price down rapidly. Over the next nine years, experts believe that GSK's Free Cash Flow will grow at a rate of 1.98%. Sales are expected to recover in H2'22, however, and forecast year-on-year growth. Between September 2021 and April 2022, AbbVie stock went on a sensational bull run, gaining 62% and hitting an all-time peak of $174. 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. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. . Abbvie Stock Forecast | Is Abbvie a Good Stock to Buy? - Capital 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 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. After a Blowout Quarter, Is AbbVie Stock a Buy? | The Motley Fool - Nasdaq All rights reserved. The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings. Their ABBV share price forecasts range from $140.00 to $200.00. I do much more than just articles at Haggerston BioHealth: Members get access to model portfolios, regular updates, a chat room, and more. 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. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: AbbVie has been working hard to ensure the 2 drugs it has developed to replace Humira - Skyrizi, which inhibits the pro-inflammatory cytokine IL23, and Rinvoq, a Janus Kinase (enzymes involved in immune cell function) inhibitor - are winning approvals and growing sales in Humira's markets. 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. I write about Biotech, Pharma and Healthcare stocks and share investment tips. Remember that past performance is not a guarantee of future results and you should never invest more money than you can afford to lose. 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. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. The average ABBVIE INC stock forecast 2023 represents a 1.86% increase from the last price of $153.729995727539. One share of ABBV stock can currently be purchased for approximately $156.06.
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