This indicates that AbbVie will be able to sustain or increase its dividend. See what's happening in the market right now with MarketBeat's real-time news feed. 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. Capital Com is an execution-only service provider. I have no business relationship with any company whose stock is mentioned in this article. AbbVie discounted cash flow analysis. writing - trading down slightly from its all-time high of >$160 achieved in early December last year. View analysts price targets for ABBV or view top-rated stocks among Wall Street analysts. That reflects uncertainty about what the future holds for AbbVie. 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. CFDs are complex leveraged instruments and come with a high risk of losing money. Neurology also looks strong although aesthetics, eye care and oncology have something to prove. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. Read our dividend analysis for ABBV. 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. In the next year, analysts predict that Revenue will reach C$253.83M - an increase of 3.50%. The company is focused on research and has a number of collaborations and partnerships to that end. Forecast . 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. abbvie stock forecast 2022 - 2025 - 2030 - 2032 approvals of Humira, Skyrizi, Rinvoq (AbbVie JPM Healthcare conference presentation). Abbvie has a strong pipeline of projects ahead, and has recently received US FDA approval of its ulcerative colitis drug Rinvoq. Nineteen analysts predict that AbbVie's share price will increase in the coming year, reaching $165.00. Only you can design whether Abbvie stock is the right investment for you. 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. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 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. 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 product revenues by quarter and year since FY20. 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. 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. It . Multidrug Resistant Bacteria Treatment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2030) Published: March 2, 2023 at 2:55 a.m. The majority of the biosimilar (more sophisticated versions of generic drugs) imitations of Humira that will contest for market share with the original will launch around the middle of 2023, including versions developed by Pfizer (PFE), Boehringer Ingelheim, Organon (OGN), Biocon, Coherus Biosciences (CHRS) and Sandoz, whilst Amgen's (AMGN) Amjevita is permitted to launch in January. AbbVie Inc. (ABBV) Stock Forecast & Price Prediction For 2023 2024 2025 Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The total revenue in 2021 was $56.20 billion with a 31% operating margin. AbbVie Inc. (NYSE:ABBV) posted its earnings results on Thursday, February, 9th. 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. (844) 978-6257. psoriatic arthritis at a lower dose, again with a comparable safety profile, and has also won approval in a field where Humira has not, namely Atopic Dermatitis. AbbVie had a net margin of 20.39% and a trailing twelve-month return on equity of 154.52%. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings. Aurora Cannabis Stock Forecast for 2023 - 2025 - 2030 On average, they expect the company's stock price to reach $161.12 in the next twelve months. The company is scheduled to release its next quarterly earnings announcement on Friday, May 5th 2023. 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. 1 dividend stock for a LIFETIME of income. In my model I have then reduced revenues by 20% between 2024 - 2026, and then by 10% per annum between 2027 - 2030. As we can see, AbbVie is likely to generate some impressive cash flow based on its operating margins, which begin at 32%. The average Abbvie stock price prediction forecasts a potential upside of 7.07% from the current ABBV share price of $155.27. 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. ABBV currently yields 4.1% and has raised its dividend every year since 2013. After creating the income statement I prepare the discounted cash flow/EBITDA multiple analysis. AbbVie is a leader in ESG and sustainability. All generate blockbuster <$1bn per annum sales - in Stelara's case >$9bn per annum, and in Enbrel's case, >$4.5bn. The company is a member of the Fortune 100 and one of the Fortune 100s Best Companies To Work For. $163.64. 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. Payout ratios above 75% are not desirable because they may not be sustainable. I am not receiving compensation for it (other than from Seeking Alpha). If you have an ad-blocker enabled you may be blocked from proceeding. ET comments Although investing in AbbVie isn't riskless, it is advisable based on what we know about the company. It is a Top 50 Company regarding diversification and a member of the Dow Jones Sustainability World Index and the S&P ESG Index. Multidrug Resistant Bacteria Treatment Market - MarketWatch 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. Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. You should never invest money you cannot afford to lose. 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. 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. 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. 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. To be sure, AbbVie is modeling for a tough year in 2023 for the aesthetics market. In my opinion, based on the current portfolio, AbbVie shares look undervalued below $160, but the upside above that price is limited, unless management is able to commercialize more products between now and the end of the decade, in order to achieve what looks like a very ambitious goal in driving high-single-digit revenue growth in the second half of this decade. We expect that to happen in 2027 with continued significant growth anticipated in the following years. What guidance has AbbVie issued on next quarter's earnings? The median estimate represents a +5.72% increase from the last price of 156.07. 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. Discovery Company. 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. AbbVie - ABBV Stock Forecast, Price & News - MarketBeat 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. Below, I will outline how I see AbbVie putting the Humira LOE firmly behind it, and driving the high single digit percentage annual growth management has promised. Build a CFD portfolio with your favourite companies. AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com These are Immunology, Oncology, Neurology, Virology and Eye Care. How do I arrive at my share price target? 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. 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. I am not receiving compensation for it (other than from Seeking Alpha). 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. Join the 500.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Wallet Investor suggested that the price could hit $300.386 in June 2027. Please. Refer to our. Payout ratios above 75% are not desirable because they may not be sustainable. Their ABBV share price forecasts range from $140.00 to $200.00. Where Will AbbVie Be in 5 Years? | The Motley Fool 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. AbbVie Inc. (ABBV) Analyst Ratings, Estimates & Forecasts - Yahoo Finance With AbbVie seemingly very confident of approvals for all 3 of these drugs, and Gonzalez suggesting they could form the basis of a "$6 billion kind of franchise" I have modelled for such an outcome by 2030. View institutional ownership trends. The shining star in the aesthetics business is Botox, which increased sales by 45% year over year to $477 million in the first quarter of 2021. Botox accounts for the bulk of the companys Aesthetics portfolio revenue and about 4% of the net as of 2022. I wrote this article myself, and it expresses my own opinions. AbbVie saw a increase in short interest in February. Abbvie Stock Forecast | Is Abbvie a Good Stock to Buy? - Capital ABBV : ABBVIE INC stock forecast 2022 - 2025 - 2030 - AI Pickup My calculation is that Humira revenues in 2023 will be 80% of the 2022 figure, or $16.7bn. 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. 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. AbbVie Oncology Division Forward Revenue Projections (my table and assumtpions). 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. That is a significant difference because at a forward P/E of 10x AbbVie stock looks like a solid buy opportunity, but at a P/E of 20x, when we consider the risk/challenge of Humira's LOE, prospective investors may prefer to maintain a watching brief as opposed to opening a position.
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