I'll also share some a forward income statement and discounted cash flow analysis that suggests the present value of AbbVie shares ought to trade as high as $176, implying that shares are presently discounted by as much as 18% to their true worth. 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. The company has a robust pipeline of new products that are in some stage of clinical trials. 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. Today, AbbVie operates as a diversified multi-national pharmaceutical company with a patient-centric approach to research. Botox accounts for the bulk of the companys Aesthetics portfolio revenue and about 4% of the net as of 2022. 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 the next year, analysts expect Free Cash Flow to reach $26.97B - an increase of 58.68%. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions). What is the dividend yield for AbbVie? Invest alongside the model portfolio or simply access the investment bank-grade financial models and research. Price target. In general, it is important to pay attention to trends, both in the overall market and in the specific sector that a company is in. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. The development of these 2 drugs has been very quick by drug development standards, and to date both have performed exceptionally well. This could present more profit potential for drugmakers as well as investors. As such I have downgraded my own growth expectations in the forecasting table above, reducing annual growth from 7.5%, to just 2.5%, after forecasting for $5bn revenues in FY22 - down 7.5% year-on-year. 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. The official website for the company is www.abbvie.com. Based on an average daily volume of 5,600,000 shares, the days-to-cover ratio is currently 2.1 days. Investors are already flocking there for a chance at 1,000%+ returns. AbbVie's post-Humira LOE plans are not riskless, and its targets are ambitious, but nevertheless I see no harm in picking up shares in the Pharma at the current price, accepting a generous 4% dividend, and likely benefitting from share repurchases and a steadily growing share price until 2030. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. . Real-time analyst ratings, insider transactions, earnings data, and more. 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. It is generally accepted however that 2023 will see the entrants into the US market of several generic versions of Humira - which works by inhibiting Tumor Necrosis Factor ("TNF"), an inflammation causing protein - from the likes of Viatris (VTRS), Organon (OGN), Pfizer (PFE), Amgen (AMGN), and several more companies involved in the development and sale of generic or biosimilar drugs. The companys full-year adjusted diluted EPS guidance excluded any impact from acquired IPR&D and milestones that may be incurred beyond the first quarter of the year, as both cannot be reliably forecasted. Allergan was a troubled company in many ways, but there is no doubting the strength of its products and pipeline. Aurora Cannabis Revenue Forecast for 2023 - 2025 - 2030. Note that analysts ABBV stock forecasts can be wrong. The company employs 50,000 workers across the globe. Eli Lilly has long been a reliable stock, but with the company's impressive product pipeline, the stock could hold significant potential in the near term. Receive regular, detailed analysis focused on biotech and healthcare stocks. 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. (my tables). Your current $100 investment may be up to $188.28 in 2028. 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. AbbVie Oncology Division Forward Revenue Projections (my table and assumtpions). 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. View the best growth stocks for 2023 here. 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. In most cases, trials are underway for multiple indications, including some therapies that have already been approved for 1 or more conditions. The next two approvals - for Navitoclax in Myelofibrosis and Teliso V in non squamous non-small cell lung cancer ("NSCLC") - are anticipated by management in 2024. There is an element of risk to that as clinical trial failures are common, even for a giant like AbbVie, and even CEO Gonzalez may be forced to backtrack on some of his blockbuster sales projections. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. I wrote this article myself, and it expresses my own opinions. That is interesting to me as I think it suggests management will need to commercialize more assets if it wants to hit that target. After 2022 Humira's row is shaded yellow to signify patent expiry. That certainly won't derail the oncology division however. I am not receiving compensation for it (other than from Seeking Alpha). The major market events for the week ahead right in your inbox. You should consider whether you understand how CFDs work and can afford the risks. 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. How do I arrive at my share price target? Zscaler, Inc Plummets, Is It Time To Buy The Dip? 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. Teliso V is an antibody drug conjugate and a c-Met inhibitor. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The most recent increase was . 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. I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. My calculation is that Humira revenues in 2023 will be 80% of the 2022 figure, or $16.7bn. PEG Ratios above 1 indicate that a company could be overvalued. AbbVie Fair Value Forecast for 2023 - 2025 - 2030 In the last two years, AbbVie's Price has grown, increasing from $91.55 to $130.05 - an increase of 42.06%. 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. AbbVie's success - as its shareholders will doubtless be aware - stems from the runaway success of its immunology drug Humira, which is indicated for a range of autoimmune conditions, including Rheumatoid Arthritis, Psoriatic Arthritis, Psoriasis, Crohn's Disease, Ulcerative Colitis, Hidradenitis Suppurativa and Ankylosing spondylitis. 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. 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. Their combined revenues are expected to reach $7.5bn in 2022, and Gonzalez told the audience at JPM that: Skyrizi and Rinvoq are now on pace to deliver more than $17.5 billion in combined sales, risk adjusted sales in 2025, well above our previous expectations. Only you can design whether Abbvie stock is the right investment for you. AbbVie is a leader in ESG and sustainability. In the last four years, Johnson & Johnson's Free Cash Flow has fallen from $18.53B to $17.00B - a 8.28% decrease. 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. Should I buy or sell AbbVie stock right now? It now expects full-year profit in the range of $13.92-$14.12 a share. The Immunology division looks strong, even factoring in the patent cliff faced by $20 billion-selling Humira. ABBV-916 is targeting Alzheimer's and it is an anti-amyloid antibody, with a similar mechanism of action ("MoA") to recently approved Leqembi, developed by Biogen (BIIB) / Eisai, and likely soon-to-be approved Donanemab, developed by Eli Lilly. Over the next nine years, experts believe that GSK's Free Cash Flow will grow at a rate of 1.98%. If you have an ad-blocker enabled you may be blocked from proceeding. First we can take a quick look at what a forward income statement for AbbVie might look like to 2030. AbbVie stock is one of the most well-known pharmaceutical companies. I am not receiving compensation for it (other than from Seeking Alpha). Skyrizi is a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialisation globally. AbbVie CEO Gonzalez told the audience at the JPM Healthcare conference that: We now have a little over 90% access for next year for Humira at parity. That reflects uncertainty about what the future holds for AbbVie. 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. The five-year dividend growth rate is just below 18%. Allergan plc was an Ireland-based pharmaceutical company focused on health-oriented aesthetic products and is the owner of Botox. We have also launched Skyrizi for PSA in rheumatology, where we're seeing strong utilization, which is driving accelerated share growth. on the strength of its future rather than present portfolio. 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. Our first quarter results highlight the diversity of our portfolio and include compelling performance from key growth drivers Skyrizi, Rinvoq, Aesthetics and Neuroscience. I'm on twitter @edmundingham. According to 34 stock analysts, the average 12-month stock price forecast for AbbVie stock is $166.14, which predicts an increase of 7.62%. All times are ET. The dividend payout ratio is 89.56%. Shares are consolidating with a buy. Disclaimer. Shareholders of record on Friday, April 14th will be given a dividend of $1.48 per share on Monday, May 15th. Data from two Phase 3 induction studies and one maintenance study supported the approval. Out of the most recent ratings, BMO Capital Markets Gary Nachman raised its price target from $161 to $174 with an outperform rating, while Truist Financial analyst Robyn Karnauskas raised the Abbvie stock prediction from $118 to $135 while raising rating to a buy. I am not receiving compensation for it (other than from Seeking Alpha). MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. However, there are some general principles that can be followed in order to improve the accuracy of stock price predictions. American biopharmaceutical company Abbvie (ABBV) has surged nearly 13% year to date (YTD), and 35% year-over-year (YOY), as of 30 June. That same month, the FDA extended the review period for Skyrizi (risankizumab), a treatment drug for moderate to severe Crohns disease in patients aged 16 and older. Retail sales were up but so was inflation which meant more volatility for stocks. AbbVie (NYSE:ABBV) pays an annual dividend of $5.92 per share and currently has a dividend yield of 3.83%. The dividend payout ratio of AbbVie is 89.56%. Capital Com Australia Pty Ltd (ABN 47 625 601 489) is a company registered in Australia and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL 513393. 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. Slide from JPM Conference 2022 presentation. Myelofibrosis has proved to be a tricky indication for drug developers and there are no wholly satisfactory solutions on the market at present, therefore if approved I would expect Navitoclax - a drug that AbbVie has been working on for some time - to generate a couple of billion dollars in peak sales. What other stocks do shareholders of AbbVie own? All rights reserved. Skyrizi has also been approved to treat Crohn's Disease, an added bonus and another multi-billion dollar market. Negative dynamics for AbbVie shares will prevail with possible volatility of 1.976%. Refer to our. 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. Payout ratios above 75% are not desirable because they may not be sustainable. Gene therapies have been a long time coming, having first been popularized in the early noughties. 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. 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. Please. This would represent an increase of 1.78%. Different trading strategies will suit different investment goals with short or long-term focus. You should never invest money you cannot afford to lose. CFDs are complex leveraged instruments and come with a high risk of losing money. Forecast target price for 03-06-2023: $ 152.58. What intrigues here is the possibility of RGX-314, an anti-VEGF gene therapy that Gonzalez believes "has the potential to be a one-time treatment for wet AMD, diabetic retinopathy and other chronic retinal conditions". In the last two years, GSK's Free Cash Flow has grown by 0.37%, rising from 6.76B to 6.78B. Their ABBV share price forecasts range from $140.00 to $200.00. 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. 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. 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 company can be reached via phone at (847) 932-7900 or via fax at 302-655-5049. I/we have a beneficial long position in the shares of BMY, GILD, ABBV either through stock ownership, options, or other derivatives. 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". The drug is now approved in severe Rheumatoid Arthritis, active Psoriatic Arthritis, moderate to severe Atopic Dermatitis, Ulcerative Colitis, active Ankylosing Spondylitis, with Crohn's Disease the next approval on the list. The stocks growth marks a significant outperformance over the broader markets. 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. What is ABBV's Earnings Per Share (EPS) forecast for 2023-2025? Insiders that own company stock include Azita Saleki-Gerhardt, Brian L Durkin, Carlos Alban, Carrie C Strom, Carrie C Strom, Elaine K Sorg, Henry O Gosebruch, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Perry C Siatis, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, Scott T Reents, Timothy J Richmond and Timothy J Richmond. 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. Read our dividend analysis for ABBV. Pharmaceuticals are often valued based on a philosophy of "jam tomorrow" as opposed to jam today i.e. (AbbVie data). In the past three months, AbbVie insiders have sold more of their company's stock than they have bought. Perhaps this is an example of how ruthless management can be when encountering falling sales, and a warning that not all company divisions are guaranteed to thrive. 326 E 8th St #105, Sioux Falls, SD 57103 In the last two years, Aurora Cannabis's Revenue has fallen from C$245.54M to C$245.25M - a 0.12% decrease. This suggests a possible upside of 3.8% from the stock's current price. We expect proof-of-concept data from roughly a dozen additional early stage oncology opportunities over the next couple of years. 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. Within the oncology division sales of Imbruvica fell 17% year-on-year. 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. 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. 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. I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. There has been a raft of price-moving news for Abbvie, which may positively affect the stock price. 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. The lowest target is $136.35 and the highest is $210. Our momentum combined with ramping contributions from new products and new indications will drive accelerating revenue and EPS growth through the rest of the year., ABBV has done very well to add to its impressive gains from the past couple of years. (NYSE: ABBV) Abbvie's current Earnings Per Share (EPS) is $6.65. 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. 16 analysts have issued 12-month price targets for AbbVie's shares. 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. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. That makes companies like AbbVie generally very attractive to investors although it should be noted that AbbVie carries a very high level of debt which stood at >$60bn as of Q322 - more or less the amount the company paid to acquire Allergan. Investors do not seem to be taking the bait, however, as AbbVie's share price has slipped by >7% across the past month, and >5% across the past 5 days. 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. Post-spin, AbbVie emerged as a research-based biopharma that has more than doubled in size. The ex-dividend date of this dividend is Thursday, April 13th. The median estimate represents a +5.72% increase from the last price of 156.07. Excluding items, AbbVie earned $3.31 per share, beating estimates of $3.29 . According to 23 major analysts, AbbVie's Fair Value will fall by 5.43% in the next year, reaching $122.98. The company issued revenue guidance of -. The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.54 by $0.06. 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. 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. Bhd., AbbVie Sp. Net earnings also saw a steep rise to $4.49bn from $3.55bn, while net revenue jumped to $13.54bn from 13.01bn.

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