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abbv stock forecast 2025

abbv stock forecast 2025

Let's find out. Humira’s erosion will be offset by sales growth in AbbVie… Company Releases for AbbVie Inc. Thursday, Dec 31, 2020. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. And with a dividend yield of 4.9%, AbbVie is quite attractive for investors yearning for returns.Â. What are AbbVie's goals for the next five years, and can it meet them? AbbVie Inc. Common Stock (ABBV) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. AbbVie is also pursuing head-to-head comparison trials with competing products so as to take their market share, which may soon start to pay off for its newest drugs.Â. AbbVie Inc's market capitalization of $189,170,530,849 is ahead of 99.09% of US-listed equities. AbbVie Inc Stock Forecast. In 2017, it paid a sum of $30 billion to buy St. Jude Medical and diagnostic test-maker Alere. American biopharma AbbVie (NYSE:ABBV) is renowned for its blockbuster drug, Humira, which was one of the best-selling drugs of the last 20 years. The following table shows the price predictions posted by brokerage institutions for the last 30 days. Since its 2013 separation from Abbott Laboratories (NYSE:ABT), AbbVie's stock has grown more than 160%. There are typically 4 dividends per year (excluding specials), and the dividend cover is … Before it can make more acquisitions, however, AbbVie will prioritize integrating its resources procured from Allergan, which it purchased for cash and stock in 2019 for $63 billion. Will the company's mid-2019 acquisition of Allergan for $63 billion pay off? Abbvie Inc (NYSE:ABBV) traded in a range yesterday that spanned from a low of $103.95 to a high of $105.20. Medtronic grew even less, only a 4.1% increase in organic sales. One thing to note is the planned departure of Abbott's longtime CEO Miles White. Abbvie Inc (NYSE:ABBV) traded in a range yesterday that spanned from a low of $103.95 to a high of $105.20. Sanofi's established pharmaceuticals business revenue shrank from $13.5 billion to $12.2 billion between 2016 and 2018, while Pfizer's fell from $11.2 billion to $10.5 billion over the same period. Their average twelve-month price target is $112.50, predicting that the stock has a possible upside of 7.32%. However, both of these company's businesses are growing at a slower rate. Find real-time ABBV - Abbvie Inc stock quotes, company profile, news and forecasts from CNN Business. AbbVie's leadership claims that the additional revenues from Allergan's products will allow the company to reduce its debt by at least $15 billion by the end of 2021, with further payments throughout 2023 if everything goes as planned.Â, By 2025, AbbVie will have at least one wholly new drug on the market as well as a handful of newly approved indications for its older drugs. Start a 14-day free trial to Morningstar Premium to unlock our price to fair value estimate. The high price target for ABBV is $128.00 and the low price target for ABBV is $95.00. Despite the loss of these blockbuster drugs and their impressive revenue figures, Abbott has grown at a steady rate. AbbVie (ABBV) closed at $104.70 in the latest trading session, marking a +1.21% move from the prior day. AbbVie, Inc. is a research-based biopharmaceutical company, which engages in the development and sale of pharmaceutical products. AbbVie's next five years will largely be characterized by the company working to transition smoothly from its former high-earning drugs to the revenue sources of tomorrow. In our discounted EVA valuation model, we use an explicit EVA CAGR of 10% in 2021-2025 (somewhat more conservative than the explicit forecast of 14%), followed by 8% in the period of 2026-2030. AbbVie in 2025 AbbVie's next five years will largely be characterized by the company working to transition smoothly from its former high-earning drugs to the revenue sources of tomorrow. Once AbbVie's quarterly earnings reports reflect the earnings growth from Allergan's product roster, investors may change their tune. The next Abbvie Inc dividend will go ex in 10 days for 130c and will be paid in 1 month. Abbott's largest business is its medical device s… Likewise, long-standing products like Humira will be of declining importance, with fierce competition largely displacing it from the market.Â. Annual medical device sales of as much as $22 billion is possible by the end of 2025, but even a more conservative $17 billion would be impressive. Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. View AbbVie Inc. ABBV investment & stock information. To aid the process, it's possible that AbbVie will seek to acquire smaller companies to shore up its clinical-stage pipeline. Find the latest Earnings Report Date for AbbVie Inc. Common Stock (ABBV) at Nasdaq.com. ABBV's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 98.93% of US stocks. AbbVie closed at $107.15 on Thursday, that is a 12.53% than the forecasted price. 21 brokerages have issued 12 month price objectives for AbbVie's stock. Dividend Summary. If the drug successfully completes its ongoing phase 3 trials, it will be positioned to grab market share from long-entrenched competing products. What's particularly impressive is that the annual growth rate of Abbott's medical device business has consistently hovered near the 10% mark, thanks to some of Abbott's recent acquisitions. ABBV | Complete AbbVie Inc. stock news by MarketWatch. The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Cisatracurium Besylate Injection Market on the basis of stating current situation of the industry in 2020. What is clear, however, is that this healthcare giant shows no sign that it will stop growing anytime soon. However, Abbott has its own established pharmaceutical business, as well, selling branded generic drugs that, while not as exciting, still remain a lucrative market. Allergan is known for manufacturing the popular wrinkle-reducer Botox, but it also has a small roster of medical cosmetic products and eye care products both on the market and in active development. View real-time stock prices and stock quotes for a full financial overview. Now he spends most of his time researching promising biotech and cannabis stocks, but from time to time will write about whatever catches his interest no matter the industry. 50 Day Moving Average is the support level (102.9403 $). Some programs, like the treatment-resistant rheumatoid arthritis drug Rinvoq, are already approved for major indications, so it is reasonable to expect that revenues will continue to ramp up as new indications are added. While it remains unclear whether any of these new drugs have the same blockbuster potential as AbbVie's historical standbys, they will almost certainly allow the company to continue operating profitably and to grow at a slow rate. More than 60 of these programs are in mid- or late clinical trial stages, suggesting that AbbVie has no shortage of candidates to bring to the market in the long term. In summary, AbbVie's next five years may be relatively low-growth, but its long-term growth prospects are still quite favorable, and the company's stable dividend is a good reason to invest. The most notable one was the $25 billion St. Jude Medical acquisition in 2016, another medical device maker that created devices in the cardiovascular and diabetes markets. In summary, AbbVie will need to launch a credible replacement for its declining revenues from Humira in the next five years if it wants to stay stable, never mind continuing to grow. Again, these predictions are not direct recommendations for small traders and should not be followed blindly.Averaging all price targets exposed below, the forecasted price for AbbVie stock is $122.50. As for its second-biggest segment, established pharmaceuticals, Abbott falls quite a bit short when compared to the size of other company's established pharmaceutical businesses, such as Sanofi and Pfizer. Returns as of 01/06/2021. In June 2016, AbbVie acquired cancer drugmaker, Stemcentrx in a cash and stock deal worth $5.8 billion. AbbVie is placing a lot of faith in Skyrizi and Rinvoq, and estimates that the two will earn revenues >$10bn, and possibly more than $20bn, by 2025. This means that despite eating some of Gilead Sciences' (NASDAQ:GILD) market share for hepatitis C therapeutics in the lead-up to Solvaldi's revenues collapsing in 2017, AbbVie cannot assume that Mavyret will not meet the same unprofitable fate, especially as its sales started to fall in 2018 and then fell sharply by 15% in 2019. The only way for AbbVie to escape the doldrums will be to forge new collaborations and advance its pipeline programs to build new centers of growth.Â. If AbbVie does have a role in developing COVID-19 therapeutics or vaccines, it will likely be as a secondary collaborator rather than a leader. While Allergan's pipeline and products on the market do not overlap with AbbVie's current roster, the purchase does give AbbVie a much broader pipeline than it previously had and will also lead to an estimated $2 billion in synergies and cost savings by the third year after the closure of the deal.Â. Market data powered by FactSet and Web Financial Group. Since then, however, the company has continually paid off much of its long-term debt, which has decreased from $27.2 billion in Q4 2017 to $17.6 billion as of Q3 2019. Abbott's largest business is its medical device segment, which includes medical devices for patients with cardiovascular disease and diabetes. @themotleyfool #stocks $ABT $ABBV $SNY $JNJ $PFE $MDT, 2 Perfect Stocks For Low-Risk Investors in 2021, 3 Stocks to Buy With Dividends Yielding More Than 4%, Coronavirus Stimulus Checks: Top Stocks To Buy Now, This Dividend Aristocrat Just Gave Investors a Great Early Christmas Gift, Copyright, Trademark and Patent Information. 27th is going $96.83 (-5.81%) AbbVie reported total sales of $33.3 billion in 2019, up 1.6%.. Johnson & Johnson saw 5.3% growth in its medical device business over the past year (excluding acquisitions and divestitures), less than half of Abbott's 10.6% growth rate. Analysts Stock Price Targets: ABBV High $135.00 Median $118.50 Low $97.00 Average $116.05 Current Price $107.15 Another big year foe solid bio's. With the company's market cap more than doubling over the past few years and now reaching $154.5 billion, how much more room does Abbott Laboratories have to grow? Medical device sales rose by 10.6% compared to Q3 2018, while established pharmaceuticals, diagnostics, and nutrition all rose by 7.9%, 6.6%, and 3.8%, respectively. Abbott's, on the other hand, grew from $3.9 billion to $4.4 billion between those two years. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. On average, they anticipate AbbVie's share price to reach $112.50 in the next twelve months. Yesterday, the shares gained 1.2%, which took the trading range above the 3 … This is to be expected, as Humira has been on the market since 2002 and was one of the best-selling drugs in the U.S. during the 2010s. AbbVie raised the lower end of its 2020 adjusted profit per share forecast by 12 cents to $10.47 and the top range by 4 cents to $10.49. While the stock doubled between 2014 and 2019, I'm not sure if it's going to do so again by 2025 or if growth will slow down a little, especially since doubling again would put the company's market cap at a whopping $300 billion. Back in 2013, Abbott's drug business ended up splitting off from the firm to form a separate company called AbbVie. In this split, AbbVie maintained ownership of a number of blockbuster drugs, the most notable being Humira. As for specific product lines that are doing well, Abbott's Freestyle Libre continuous glucose monitoring (CGM) technology, which helps manage glucose levels for people with diabetes, saw sales jump by 67.6% over the past year, making it one of the fastest-growing products in Abbott's lineup. Replacing him will be Robert Ford, Abbott's current Chief Operating Officer, who was named by White as his top pick for who to replace him. 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Let's find out. Humira’s erosion will be offset by sales growth in AbbVie… Company Releases for AbbVie Inc. Thursday, Dec 31, 2020. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. And with a dividend yield of 4.9%, AbbVie is quite attractive for investors yearning for returns.Â. What are AbbVie's goals for the next five years, and can it meet them? AbbVie Inc. Common Stock (ABBV) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. AbbVie is also pursuing head-to-head comparison trials with competing products so as to take their market share, which may soon start to pay off for its newest drugs.Â. AbbVie Inc's market capitalization of $189,170,530,849 is ahead of 99.09% of US-listed equities. AbbVie Inc Stock Forecast. In 2017, it paid a sum of $30 billion to buy St. Jude Medical and diagnostic test-maker Alere. American biopharma AbbVie (NYSE:ABBV) is renowned for its blockbuster drug, Humira, which was one of the best-selling drugs of the last 20 years. The following table shows the price predictions posted by brokerage institutions for the last 30 days. Since its 2013 separation from Abbott Laboratories (NYSE:ABT), AbbVie's stock has grown more than 160%. There are typically 4 dividends per year (excluding specials), and the dividend cover is … Before it can make more acquisitions, however, AbbVie will prioritize integrating its resources procured from Allergan, which it purchased for cash and stock in 2019 for $63 billion. Will the company's mid-2019 acquisition of Allergan for $63 billion pay off? Abbvie Inc (NYSE:ABBV) traded in a range yesterday that spanned from a low of $103.95 to a high of $105.20. Medtronic grew even less, only a 4.1% increase in organic sales. One thing to note is the planned departure of Abbott's longtime CEO Miles White. Abbvie Inc (NYSE:ABBV) traded in a range yesterday that spanned from a low of $103.95 to a high of $105.20. Sanofi's established pharmaceuticals business revenue shrank from $13.5 billion to $12.2 billion between 2016 and 2018, while Pfizer's fell from $11.2 billion to $10.5 billion over the same period. Their average twelve-month price target is $112.50, predicting that the stock has a possible upside of 7.32%. However, both of these company's businesses are growing at a slower rate. Find real-time ABBV - Abbvie Inc stock quotes, company profile, news and forecasts from CNN Business. AbbVie's leadership claims that the additional revenues from Allergan's products will allow the company to reduce its debt by at least $15 billion by the end of 2021, with further payments throughout 2023 if everything goes as planned.Â, By 2025, AbbVie will have at least one wholly new drug on the market as well as a handful of newly approved indications for its older drugs. Start a 14-day free trial to Morningstar Premium to unlock our price to fair value estimate. The high price target for ABBV is $128.00 and the low price target for ABBV is $95.00. Despite the loss of these blockbuster drugs and their impressive revenue figures, Abbott has grown at a steady rate. AbbVie (ABBV) closed at $104.70 in the latest trading session, marking a +1.21% move from the prior day. AbbVie, Inc. is a research-based biopharmaceutical company, which engages in the development and sale of pharmaceutical products. AbbVie's next five years will largely be characterized by the company working to transition smoothly from its former high-earning drugs to the revenue sources of tomorrow. In our discounted EVA valuation model, we use an explicit EVA CAGR of 10% in 2021-2025 (somewhat more conservative than the explicit forecast of 14%), followed by 8% in the period of 2026-2030. AbbVie in 2025 AbbVie's next five years will largely be characterized by the company working to transition smoothly from its former high-earning drugs to the revenue sources of tomorrow. Once AbbVie's quarterly earnings reports reflect the earnings growth from Allergan's product roster, investors may change their tune. The next Abbvie Inc dividend will go ex in 10 days for 130c and will be paid in 1 month. Abbott's largest business is its medical device s… Likewise, long-standing products like Humira will be of declining importance, with fierce competition largely displacing it from the market.Â. Annual medical device sales of as much as $22 billion is possible by the end of 2025, but even a more conservative $17 billion would be impressive. Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. View AbbVie Inc. ABBV investment & stock information. To aid the process, it's possible that AbbVie will seek to acquire smaller companies to shore up its clinical-stage pipeline. Find the latest Earnings Report Date for AbbVie Inc. Common Stock (ABBV) at Nasdaq.com. ABBV's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 98.93% of US stocks. AbbVie closed at $107.15 on Thursday, that is a 12.53% than the forecasted price. 21 brokerages have issued 12 month price objectives for AbbVie's stock. Dividend Summary. If the drug successfully completes its ongoing phase 3 trials, it will be positioned to grab market share from long-entrenched competing products. What's particularly impressive is that the annual growth rate of Abbott's medical device business has consistently hovered near the 10% mark, thanks to some of Abbott's recent acquisitions. ABBV | Complete AbbVie Inc. stock news by MarketWatch. The report will make detailed analysis mainly on in-depth research on the development environment, Market size, development trend, operation situation and future development trend of Cisatracurium Besylate Injection Market on the basis of stating current situation of the industry in 2020. What is clear, however, is that this healthcare giant shows no sign that it will stop growing anytime soon. However, Abbott has its own established pharmaceutical business, as well, selling branded generic drugs that, while not as exciting, still remain a lucrative market. Allergan is known for manufacturing the popular wrinkle-reducer Botox, but it also has a small roster of medical cosmetic products and eye care products both on the market and in active development. View real-time stock prices and stock quotes for a full financial overview. Now he spends most of his time researching promising biotech and cannabis stocks, but from time to time will write about whatever catches his interest no matter the industry. 50 Day Moving Average is the support level (102.9403 $). Some programs, like the treatment-resistant rheumatoid arthritis drug Rinvoq, are already approved for major indications, so it is reasonable to expect that revenues will continue to ramp up as new indications are added. While it remains unclear whether any of these new drugs have the same blockbuster potential as AbbVie's historical standbys, they will almost certainly allow the company to continue operating profitably and to grow at a slow rate. More than 60 of these programs are in mid- or late clinical trial stages, suggesting that AbbVie has no shortage of candidates to bring to the market in the long term. In summary, AbbVie's next five years may be relatively low-growth, but its long-term growth prospects are still quite favorable, and the company's stable dividend is a good reason to invest. The most notable one was the $25 billion St. Jude Medical acquisition in 2016, another medical device maker that created devices in the cardiovascular and diabetes markets. In summary, AbbVie will need to launch a credible replacement for its declining revenues from Humira in the next five years if it wants to stay stable, never mind continuing to grow. Again, these predictions are not direct recommendations for small traders and should not be followed blindly.Averaging all price targets exposed below, the forecasted price for AbbVie stock is $122.50. As for its second-biggest segment, established pharmaceuticals, Abbott falls quite a bit short when compared to the size of other company's established pharmaceutical businesses, such as Sanofi and Pfizer. Returns as of 01/06/2021. In June 2016, AbbVie acquired cancer drugmaker, Stemcentrx in a cash and stock deal worth $5.8 billion. AbbVie is placing a lot of faith in Skyrizi and Rinvoq, and estimates that the two will earn revenues >$10bn, and possibly more than $20bn, by 2025. This means that despite eating some of Gilead Sciences' (NASDAQ:GILD) market share for hepatitis C therapeutics in the lead-up to Solvaldi's revenues collapsing in 2017, AbbVie cannot assume that Mavyret will not meet the same unprofitable fate, especially as its sales started to fall in 2018 and then fell sharply by 15% in 2019. The only way for AbbVie to escape the doldrums will be to forge new collaborations and advance its pipeline programs to build new centers of growth.Â. If AbbVie does have a role in developing COVID-19 therapeutics or vaccines, it will likely be as a secondary collaborator rather than a leader. While Allergan's pipeline and products on the market do not overlap with AbbVie's current roster, the purchase does give AbbVie a much broader pipeline than it previously had and will also lead to an estimated $2 billion in synergies and cost savings by the third year after the closure of the deal.Â. Market data powered by FactSet and Web Financial Group. Since then, however, the company has continually paid off much of its long-term debt, which has decreased from $27.2 billion in Q4 2017 to $17.6 billion as of Q3 2019. Abbott's largest business is its medical device segment, which includes medical devices for patients with cardiovascular disease and diabetes. @themotleyfool #stocks $ABT $ABBV $SNY $JNJ $PFE $MDT, 2 Perfect Stocks For Low-Risk Investors in 2021, 3 Stocks to Buy With Dividends Yielding More Than 4%, Coronavirus Stimulus Checks: Top Stocks To Buy Now, This Dividend Aristocrat Just Gave Investors a Great Early Christmas Gift, Copyright, Trademark and Patent Information. 27th is going $96.83 (-5.81%) AbbVie reported total sales of $33.3 billion in 2019, up 1.6%.. Johnson & Johnson saw 5.3% growth in its medical device business over the past year (excluding acquisitions and divestitures), less than half of Abbott's 10.6% growth rate. Analysts Stock Price Targets: ABBV High $135.00 Median $118.50 Low $97.00 Average $116.05 Current Price $107.15 Another big year foe solid bio's. With the company's market cap more than doubling over the past few years and now reaching $154.5 billion, how much more room does Abbott Laboratories have to grow? Medical device sales rose by 10.6% compared to Q3 2018, while established pharmaceuticals, diagnostics, and nutrition all rose by 7.9%, 6.6%, and 3.8%, respectively. Abbott's, on the other hand, grew from $3.9 billion to $4.4 billion between those two years. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. On average, they anticipate AbbVie's share price to reach $112.50 in the next twelve months. Yesterday, the shares gained 1.2%, which took the trading range above the 3 … This is to be expected, as Humira has been on the market since 2002 and was one of the best-selling drugs in the U.S. during the 2010s. AbbVie raised the lower end of its 2020 adjusted profit per share forecast by 12 cents to $10.47 and the top range by 4 cents to $10.49. While the stock doubled between 2014 and 2019, I'm not sure if it's going to do so again by 2025 or if growth will slow down a little, especially since doubling again would put the company's market cap at a whopping $300 billion. Back in 2013, Abbott's drug business ended up splitting off from the firm to form a separate company called AbbVie. In this split, AbbVie maintained ownership of a number of blockbuster drugs, the most notable being Humira. As for specific product lines that are doing well, Abbott's Freestyle Libre continuous glucose monitoring (CGM) technology, which helps manage glucose levels for people with diabetes, saw sales jump by 67.6% over the past year, making it one of the fastest-growing products in Abbott's lineup. Replacing him will be Robert Ford, Abbott's current Chief Operating Officer, who was named by White as his top pick for who to replace him. 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