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AbbVie discounted cash flow analysis. AbbVie Stock Forecast 2023 - 2025 - 2030 | StockForecast.com I write about Biotech, Pharma and Healthcare stocks and share investment tips. And with a dividend yield of 4.9%, AbbVie is quite attractive for investors yearning for . 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. 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. The company can be reached via phone at (847) 932-7900 or via fax at 302-655-5049. I write about Biotech, Pharma and Healthcare stocks and share investment tips. 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. The median estimate represents a +5.72% increase from the last price of 156.07. Is this happening to you frequently? 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. Price target. All times are ET. 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 could be the biggest global Pharma by revenue generation in 2028. Based on our forecasts, a long-term increase is expected, the "ABBV" stock price prognosis for 2028-02-23 is 287.522 USD. How often does AbbVie pay dividends? Compare Top Brokerages Here. Forecast target price for 03-06-2023: $ 152.58. Always conduct your own due diligence before investing. 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. The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. Abbvie Stock Forecast 2023 In the Biopharmaceutical Industry, Abbvie has been able to create a leadership position in the market in each business segment with different brand names in different business categories like Immunology, Hematologic Oncology, Neuroscience, Aesthetics, and Eye Care. AbbVie Stock Crumbles On Mixed Earnings, Slashes 2022 Earnings Outlook Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. 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. Stock Price Forecast 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. 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. Since then, ABBV stock has decreased by 3.4% and is now trading at $156.06. approvals of Humira, Skyrizi, Rinvoq (AbbVie JPM Healthcare conference presentation). The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.54 by $0.06. I believe AbbVie is likely 15 - 20% undervalued at current price. Should I buy or sell AbbVie stock right now? 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. 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. AbbVie: Modelling The Post Humira Bull Case To 2030 (ABBV) 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. In this post I model AbbVie product sales to 2030 - including pipeline assets - and use discounted cash flow analysis to calculate a present day share price target. In the next year, analysts expect Free Cash Flow to reach $26.97B - an increase of 58.68%. 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. American Consumer News, LLC dba MarketBeat 2010-2023. Projections are based on making fundamental and technical studies of the ABBV stock price performance. AbbVie will have to drop its price point to compete with the generics however, plus there is the 10% of the market it is not covered for, so an overall 20% decline in revenues in 2023 seems accurate. And never invest or trade money you cannot afford to lose. We now expect global sales for Skyrizi to reach more than $10 billion in 2025, an increase of $2.5 billion versus our previous guidance, reflecting higher performance across basically all of the indications. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. For ABBVIE INC stock forecast for 2023, 10 predictions are offered for each month of 2023 with average ABBVIE INC stock forecast of $156.58, a high forecast of $160.07, and a low forecast of $152.24. On 14 January 2022, the FDA approved Abbvies arthritis treatment drug, Rinvoq (upadacitinib), for the treatment of adults with moderately to severely active ulcerative colitis. I have no business relationship with any company whose stock is mentioned in this article. What is the dividend yield for AbbVie? Between September 2021 and April 2022, AbbVie stock went on a sensational bull run, gaining 62% and hitting an all-time peak of $174. When looking for ABBV stock forecasts, its important to bear in mind that analysts forecasts can be wrong. I have speculatively assigned peak sales of $2bn, although it should be noted that success here is far from guaranteed, although if AbbVie did succeed with ABBV916 sales could be 2 or 3x higher than my forecast. 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. Gene therapies have been a long time coming, having first been popularized in the early noughties. 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. Between September 2021 and April 2022, AbbVie stock went on a sensational bull run, gaining 62% and hitting an all-time peak of $174. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. 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%. View institutional ownership trends. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. AbbVie sees strong 2022 earnings as Botox, Skyrizi power profit beat 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. I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. Date. Teliso V is an antibody drug conjugate and a c-Met inhibitor. abbvie stock forecast 2022 - 2025 - 2030 - 2032 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. View which stocks are hot on social media with MarketBeat's trending stocks report. That certainly won't derail the oncology division however. Skyrizi is a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialisation globally. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. View AbbVie's Short Interest. I will conclude this analysis by stating that, based on all available information, market headwinds and tailwinds, competitors, and opportunities via its products and pipeline, I still consider AbbVie to be a strong investment opportunity. 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. 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 most cases, trials are underway for multiple indications, including some therapies that have already been approved for 1 or more conditions. AbbVie Inc. is a US-based biopharma company with global operations. The company is focused on research and has a number of collaborations and partnerships to that end. Let's begin our analysis with the immunology division. What is Richard A. Gonzalez's approval rating as AbbVie's CEO? With a 5-year investment, the revenue is expected to be around +88.28%. AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock. AbbVie Oncology Division Forward Revenue Projections (my table and assumtpions). As we can see, sales of Humira are still climbing, with losses in Europe - where revenues fell by 14% to $699m - offset by growth in the US, to $4.7bn, up 10% year-on-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. 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. 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. 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. 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. Specifically, they have bought $0.00 in company stock and sold $23,102,528.00 in company stock. View our ABBV earnings forecast. According to 23 major analysts, AbbVie's Fair Value will fall by 5.43% in the next year, reaching $122.98. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. call (03) 8658 0539 [email protected]. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. I suspect Eye Care is a division AbbVie can turn around given time, and I feel that with regards to oncology, where AbbVie has the strongest pipeline assets - lymphoma bispecific Epcoritamab may be approved to treat large B-cell lymphoma, and peak sales estimates range from $1.5 - $3bn, although AbbVie will not earn all of that since the product is co-developed with Genmab. 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 company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. Having so much debt in a prevailing inflationary environment is also unattractive. 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. The company provided earnings per share (EPS) guidance of $10.70- for the period. In the next year, analysts predict that Revenue will reach C$253.83M - an increase of 3.50%. Assuming there are 2 highly effective drugs for 1 disease, PMedicine seeks to identify which patients respond better to each. 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. 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. The obvious advantages of a "one and done" permanent cure make them potentially very lucrative therapies. AbbVie Inc. (ABBV) Stock Price, News, Quote & History - Yahoo Finance The consensus among Wall Street research analysts is that investors should "hold" ABBV shares. 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 company officially IPOd on January 2, 2013; contrary to criticisms, the move was solely to protect the parent company from expiring patents. The first is Epcoritamab, a CD3xCD20 bispecific for B-cell malignancies, including DLBCL and follicular lymphoma, which AbbVie expects will be approved this year. Get short term trading ideas from the MarketBeat Idea Engine. That is interesting to me as I think it suggests management will need to commercialize more assets if it wants to hit that target. 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. Top institutional shareholders include Geode Capital Management LLC (1.91%), Morgan Stanley (1.79%), Moneta Group Investment Advisors LLC (1.65%), Price T Rowe Associates Inc. MD (1.15%), Norges Bank (1.06%) and Legal & General Group Plc (0.66%). 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. Not only do these companies pay handsome dividends, they typically grow revenues every year and generate wide profit margins which leads to share price upside. 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. CNN Sans & 2016 Cable News Network. See AbbVie Inc. (ABBV) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Johnson & Johnson Stock Forecast 2023 - 2025 - 2030 AbbVie made the bold decision to take on a heavy debt load and bid for Allergan, with the deal being completed in 2020. AbbVie Inc. (ABBV) Analyst Ratings, Estimates & Forecasts - Yahoo Finance Armed with management's detailed guidance and commentary on sales performance of key assets and new product launches, however, I have completed sales projections for AbbVie to 2030, which I will share in this post, highlighting areas of strength and potential weaknesses. 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. It pays a dividend yield of 3.83%, putting its dividend yield in the top 25% of dividend-paying stocks. In the last four years, Johnson & Johnson's Free Cash Flow has fallen from $18.53B to $17.00B - a 8.28% decrease. (AbbVie JPM Healthcare conference presentation). 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 Stock Forecast: up to 179.050 USD! - Walletinvestor.com 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. 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. What is ABBV's Earnings Per Share (EPS) forecast for 2023-2025? 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.