abbvie stock forecast 2030

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. Sales of the drug reached $19.9bn in 2018 and were $19.2bn, $19.8bn and $20.6bn in 2019, 2020, and 2021 respectively. 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. 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. Based on an average daily volume of 5,600,000 shares, the days-to-cover ratio is currently 2.1 days. And never invest or trade money you cannot afford to lose. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Abbvie stock price has put up an impressive performance in 2022. That reflects uncertainty about what the future holds for AbbVie. Multidrug Resistant Bacteria Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2030) Published: March 2, 2023 at 2:55 a.m. To date, the company had invested more than $50 billion into research through more than 250 partnerships. 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. (JPM Healthcare conference presentation), Skyrizi's performance has been particularly eye-catching. Among the many avenues of research and innovation are the advancement of precision medicine or pMedicine. Kateryna Onyshchuk/iStock via Getty Images. Aurora Cannabis Revenue Forecast for 2023 - 2025 - 2030. 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. High institutional ownership can be a signal of strong market trust in this company. 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. AbbVie has been increasing its dividend for 51 years. As of 2022, AbbVie employed more than 50,000 people globally with 21,000 in STEM-related positions. 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. The AbbVie of today has 5 thriving divisions - Immunology, Oncology, Neuroscience, Aesthetics, and Eye Care - with the latter 3 divisions acquired from Allergan as part of AbbVie's $63bn takeover of that company. In 2022, the company will most likely boast 12 "blockbuster" (>$1bn per annum) selling assets, driving ~$48bn of revenues between them, with Humira being the only drug that faces a near term patent expiry, whilst AbbVie is promising at least 6 or 7 major new product launches by 2026. View institutional ownership trends. This year is off to a strong start. AbbVie had a net margin of 20.39% and a trailing twelve-month return on equity of 154.52%. 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. What is AbbVie's stock price forecast for 2023? Build a CFD portfolio with your favourite companies. Other approved ADC's targeting the c-Met protein, a validated target in NSCLC, include Novartis Tabrecta, which has been pegged for peak sales of ~$1.5bn, which seems a realistic target for Teliso given how large the lung cancer market is - the largest of all oncology markets. As of 2023 February 22, Wednesday current price of ABBV stock is 151.340$ 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. Get short term trading ideas from the MarketBeat Idea Engine. In the last two years, Aurora Cannabis's Revenue has fallen from C$245.54M to C$245.25M - a 0.12% decrease. AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock. Retail sales were up but so was inflation which meant more volatility for stocks. Please disable your ad-blocker and refresh. Only you can design whether Abbvie stock is the right investment for you. The above table shows quarterly and annual product revenues going back to FY20, whilst the last 4 columns show revenue growth percentage between FY20 and FY21, then revenue growth between Q2'21 and Q2'22, the sequential (quarter on quarter) growth, followed by product sales as a percentage of revenues. Export data to Excel for your own analysis. Drug pricing is another issue - there is bipartisan, and international pressure on US Pharmas to reduce drug pricing, particularly outside of the US. Migraine therapy Ubrelvy is a future blockbuster, Gonzalez believes, as is Qulipta, in the same indication. Only 0.08% of the stock of AbbVie is held by insiders. The company issued revenue guidance of -. Wallet Investor suggested that the price could hit $300.386 in June 2027. I have been maintaining a revenue forecasting table for AbbVie's products which I have amended based on Q2'22 and H1'22 results, and the slightly downgraded guidance issued for 2022 - management now expects adjusted earnings per share ("EPS") of $13.78 - $13.98, representing growth of 17% at the midpoint. AbbVie Inc. is a US-based biopharma company with global operations. The official website for the company is www.abbvie.com. Although investing in AbbVie isn't riskless, it is advisable based on what we know about the company. Richard A. Gonzalez has an approval rating of 88% among the company's employees. The stocks growth marks a significant outperformance over the broader markets. 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. 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. You should never invest money you cannot afford to lose. According to CompaniesMarketCap, the biopharmas market capitalisation stood at $272.38bn, making it the worlds 30th most valuable company. 164.71 0.00 0.00%. A Warner Bros. The review period was extended by three months in order for the FDA to review additional data submitted by AbbVie. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. The Abbvie stock forecast for 2025 had the price at $259.018. 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. 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. Forecast target price for 03-06-2023: $ 152.58. Slide from JPM Conference 2022 presentation. The average ABBVIE INC stock forecast 2023 represents a 1.86% increase from the last price of $153.729995727539. 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. 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. Within the oncology division sales of Imbruvica fell 17% year-on-year. In the next year, analysts expect Free Cash Flow to reach $26.97B - an increase of 58.68%. How do I arrive at my share price target? AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions). When looking for ABBV stock forecasts, its important to bear in mind that analysts forecasts can be wrong. 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. 1 dividend stock for a LIFETIME of income. 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 21 analysts offering 1 year price forecasts for ABBV have a max estimate of and a min estimate of . AbbVie is a leading dividend payer. The company had recorded a $4.7 billion increase in the contingent consideration liability related to Skyrizi last year. The company didn't offer a . 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. (844) 978-6257. This means that . (ABBV), MarketBeat Week in Review 2/13 - 2/17 (ABBV), The 3 Best Pharma Stocks to Buy for Big Gains in 2023 (ABBV), How Abbott Labs, AbbVie Could Profit on Seizure Drug Formula (ABBV), AbbVie Has a Mixed Outlook After Mixed Earnings, Q4 2022 AdTheorent Holding Company Inc Earnings Call. 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. In the last two years, GSK's Free Cash Flow has grown by 0.37%, rising from 6.76B to 6.78B. ABBV currently yields 4.1% and has raised its dividend every year since 2013. 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. 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. The company provided earnings per share (EPS) guidance of $10.70- for the period. 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. It had an upside potential of 4.76%, based on the closing price of $152.49 on 29 June. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. call (03) 8658 0539 [email protected]. (NYSE: ABBV) Abbvie's current Earnings Per Share (EPS) is $6.65. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.79%. All Rights Reserved. The company reported its first revenue for Botox competitor Daxxify. On average, analysts rate AbbVie stock as a buy. Allergan was a troubled company in many ways, but there is no doubting the strength of its products and pipeline. AbbVie passed that onto its 2022 guidance. 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. For the next eight years, the forecast is for Free Cash Flow to grow by . 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. ABBV Stock 12 Months Forecast. As such I have modelled similar, although I have included an additional revenue stream from new products which I expect to be minor in nature but ultimately contributing an additional $1.5bn to the top line. 8.05% Disclaimer. 16 analysts have issued 12-month price targets for AbbVie's shares. Since then, however, the stock price has fallen 18% to. The Abbvie stock forecast for 2025 had the price at $259.018. The following companies are subsidiares of AbbVie: AbbVie (Gibraltar) Holdings Limited, AbbVie (Gibraltar) Holdings Limited Luxembourg S.C.S., AbbVie (Gibraltar) Limited, AbbVie (Pty) Ltd., AbbVie A/S, AbbVie AB, AbbVie AG, AbbVie AS, AbbVie Australasia Holdings Limited, AbbVie B.V., AbbVie Bahamas Ltd., AbbVie Biofarmacevtska druba d.o.o., AbbVie Biopharmaceuticals GmbH, AbbVie Biopharmaceuticals LLC, AbbVie Biopharmaceuticals Ltd., AbbVie Bioresearch Center Inc., AbbVie Biotech Ventures Inc., AbbVie Biotechnology GmbH, AbbVie Biotechnology Ltd, AbbVie Biotherapeutics Inc., AbbVie Biotherapeutics Limited, AbbVie Central Finance B.V., AbbVie Corp, AbbVie Corporation, AbbVie Deutschland GmbH & Co. KG, AbbVie EOOD, AbbVie Endocrine Inc., AbbVie Endocrinology Inc., AbbVie Farmacuticos S.A. de C.V., AbbVie Farmacutica Ltda., AbbVie Finance B.V., AbbVie Finance Corporation, AbbVie Finance LLC, AbbVie GK, AbbVie GmbH, AbbVie Holdings Corporation, AbbVie Holdings Inc., AbbVie Holdings KK, AbbVie Holdings SAS, AbbVie Holdings Unlimited, AbbVie Holdings s.r.o., AbbVie International S. r.l., AbbVie Investments Limited, AbbVie Investments S. r.l., AbbVie Ireland Holdings Limited, AbbVie Ireland NL B.V., AbbVie Ireland Unlimited Company, AbbVie Japan Holdings B.V., AbbVie Kft., AbbVie Komplementr GmbH, AbbVie L.L.C., AbbVie L.da, AbbVie Limited, AbbVie Limited Liability Company, AbbVie Logistics B.V., AbbVie Ltd, AbbVie Ltd., AbbVie Manufacturing Management Limited, AbbVie Nederland Holdings B.V., AbbVie Operations Singapore Pte. I have no business relationship with any company whose stock is mentioned in this article. I believe AbbVie is likely 15 - 20% undervalued at current price. Neuroscience is one of AbbVie's most intriguing divisions and perhaps the hardest to model. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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. 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. 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. 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. All times are ET. Fortunately for AbbVie shareholders Gonzalez and his management team have had many more years than expected to prepare for Humira's Loss of Exclusivity ("LOE"), and it has never been the Pharma's ambition to build its business around a single, all-conquering but time-limited drug. This would represent an increase of 1.78%. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. The median estimate represents a +5.72% increase from the last price of 156.07. The average analyst rating for AbbVie stock from 34 stock analysts is "Buy". Please. We expect that to happen in 2027 with continued significant growth anticipated in the following years. The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. Bhd., AbbVie Sp. Within eye care, Restasis was a major disappointment, and the entire division seems to be struggling, with total revenues falling from ~$920m in Q2'21, to ~$720m in Q2'22. . 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. The dividend payout ratio of AbbVie is 89.56%. AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.83%. Among its many positions is sustainable operations so it can deliver life-changing therapies to those who need them most. The stock projection varied from the low price target of $135 to the high of $200. Johnson & Johnson is rushing toward a patent cliff but a new shelf offering registration suggests itis gearing up for acquisitions. AbbVie income statement forecast (My table and assumptions). Specifically, they have bought $0.00 in company stock and sold $23,102,528.00 in company stock. The company projects the U.S. toxin market (where Botox is the top product) will decline by mid-single digits. As we can see, AbbVie is likely to generate some impressive cash flow based on its operating margins, which begin at 32%. 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. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. In this article we take a closer look at the Abbvie stock forecast, after analysing the firms latest earnings, price moving news and analyst comments. The surge in revenues can primarily be attributed to its Allergan. 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. That is interesting to me as I think it suggests management will need to commercialize more assets if it wants to hit that target. 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. 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. 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.

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