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. Among its many positions is sustainable operations so it can deliver life-changing therapies to those who need them most. View our ABBV earnings forecast. (NYSE: ABBV) Abbvie's current Earnings Per Share (EPS) is $6.65. ABBV currently yields 4.1% and has raised its dividend every year since 2013. 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. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. AbbVie Stock Crumbles On Mixed Earnings, Slashes 2022 Earnings Outlook Receive regular, detailed analysis focused on biotech and healthcare stocks. The company also successfully completed the acquisition of Syndesi Therapeutics SA in March. The material provided on this website is for information purposes only and should not be understood as an investment advice. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares. Our first quarter results highlight the diversity of our portfolio and include compelling performance from key growth drivers Skyrizi, Rinvoq, Aesthetics and Neuroscience. 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. Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. Please disable your ad-blocker and refresh. There has been a raft of price-moving news for Abbvie, which may positively affect the stock price. 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. Among the more notable are ImmuVen, Pharamcyclics and Allergan plc. View the best growth stocks for 2023 here. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Read the conference call transcript. 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. . 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. Build a CFD portfolio with your favourite companies. I'm on twitter @edmundingham. 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. GSK Stock Forecast 2023 - 2025 - 2030 | StockForecast.com 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. According to 23 major analysts, AbbVie's Fair Value will fall by 5.43% in the next year, reaching $122.98. 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. By creating a free account, you agree to our, In Britain, warm hubs emerge to beat soaring energy costs, In Chicago, adapting electric buses to winters challenges, Global race to boost electric vehicle range in cold weather, Ukraine ally Kallas fights for reelection in Estonia vote, Paid express lanes grow more popular in once-reluctant South, Pot vote has Oklahoma hungry to rake in green from Texas, Home Depot Stock Earnings Slide, Long Term Value Still There, AbbVie Stock Still a Solid Buy Despite Challenges, Chief Financial Officer & Executive Vice President, BREAKING: Tiny biotech successfully treats blindness, Fed's Shocking New Plan to Control Your Money. 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. The company is a member of the Fortune 100 and one of the Fortune 100s Best Companies To Work For. The company reported its first revenue for Botox competitor Daxxify. Aurora Cannabis Revenue Forecast for 2023 - 2025 - 2030. Find me at my marketplace channel, Haggerston BioHealth - model portfolio + 4 exclusive stock tips every week. 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. In the last four years, Johnson & Johnson's Free Cash Flow has fallen from $18.53B to $17.00B - a 8.28% decrease. AbbVie's Q2'22 earnings threw up some positives and negatives for investors to contemplate. (my tables and forecasting). Gonzalez has vigorously defended AbbVie against accusations of price manipulation, but the company is renowned for pushing drug prices up annually and should its powerful lobbies become less powerful in the face of external pressure, once again, the sector will start to look unattractive for investors. The five-year dividend growth rate is just below 18%. After 2022 Humira's row is shaded yellow to signify patent expiry. Slide from JPM Conference 2022 presentation. Get 30 Days of MarketBeat All Access Free, Sign in to your free account to enjoy these benefits. And it couldnt be more wrong! The 21 analysts offering 1 year price forecasts for ABBV have a max estimate of and a min estimate of . The company originated as the bio-pharma segment of Abbott Laboratories and was spun off in late 2012. 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. Gene therapies have been a long time coming, having first been popularized in the early noughties. As of 30 June, analysts price predictions compiled by MarketBeats and long-term forecasts by Wallet Investor projected that the ABBV stock price could rise. Abbvie stock price has put up an impressive performance in 2022. Disclosure: I/we have a beneficial long position in the shares of BMY, GILD, ABBV either through stock ownership, options, or other derivatives. 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. I am not receiving compensation for it (other than from Seeking Alpha). The company may not generate as much excitement as some of the other members of the "Big 8" - most notably Eli Lilly and its weight loss franchise, but the path to revenue growth, expanding margins and a growing share price is clear. Disclaimer. How to Decide, Taiwan Semiconductor Manufacturing Expanding in the West, One Way to Earn More From Dividend Stocks, How to Choose a Winning Dividend Investing Strategy, 3 Industries Leading the Stock Market Rebound, Oil Tankers Boost Dividends, See Continued Robust Business In '23. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. This year is off to a strong start. This could present more profit potential for drugmakers as well as investors. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions). In February, a Phase 3 induction study saw positive top-line results. 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. In the next year, analysts predict that Revenue will reach C$253.83M - an increase of 3.50%. What is a Good Dividend Yield? The company had recorded a $4.7 billion increase in the contingent consideration liability related to Skyrizi last year. A Warner Bros. Over the years, AbbView Inc. has made numerous acquisitions. Neurology also looks strong although aesthetics, eye care and oncology have something to prove. 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. AbbVie stock is one of the most well-known pharmaceutical companies. 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. 580 employees have rated AbbVie Chief Executive Officer Richard A. Gonzalez on Glassdoor.com. The ex-dividend date of this dividend is Thursday, April 13th. 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. On the negative side of things, we can see that AbbVie is no longer breaking out sales within its Women's Health division, with revenues lumped into the "all other section, presumably. Although the company has admitted that 2023 earnings will likely be down in 2022 - guidance for last year is for earnings per share ("EPS') of $13.84 - $13.88 on an adjusted diluted basis, versus $12.7 in 2021 - Gonzalez and his team were making some bold promises to investors at this year's JP Morgan Healthcare conference. 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. Naturally, if there is a more effective and safe drug than Humira available for the same indication, then physicians are likely to prescribe it over Humira, or a Humira biosimilar. 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. 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. 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. The other major plus is probably the performance of the neuroscience divisions, where as we can see, Botox (indicated for migraine treatment), atypical antipsychotic Vraylar, migraine therapy Ubrelvy and newly launched Qulipta, an oral CGRP inhibitor indicated for chronic migraine all delivered good sales growth. Remember that past performance is not a guarantee of future results and you should never invest more money than you can afford to lose. AbbVie stock forecast 2022 - 2025 - 2030 with analysis AbbVie stock stood at $162.110000610352 on 2022-03-31. forecast for 2023 is $159.42, forecast for 2024 is $156.65, forecast for 2025 is $139.68, forecast for 2026 is $124.48, 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. Please log in to your account or sign up in order to add this asset to your watchlist. Zscaler, Inc Plummets, Is It Time To Buy The Dip? Within the oncology division sales of Imbruvica fell 17% year-on-year. 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. For full year 2022, Abbvie predicted the adjusted diluted EPS guidance range at $14.00 to $14.20 and $13.92 to $14.12. The company has a robust pipeline of new products that are in some stage of clinical trials. Noting the stellar earnings reported by the firm in the first quarter, Richard A. Gonzalez, chairman and CEO of AbbVie, said: An overview of the companys net revenue in Q1 shows a major portion of revenue came from its immunology portfolio, which brought in $6.14bn. Trial results demonstrated an overall response rate of 63% and a median duration of response of 12 months, where 39% of patients had already tried a CAR-T cell therapy. 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. The company provided earnings per share (EPS) guidance of $10.70- for the period. 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. As we can see, as per management's guidance revenues fall between 2022 and 2023, before recovering and growing in each year after. I am not receiving compensation for it (other than from Seeking Alpha). It should be noted that the strength of the competition AbbVie faces from other Pharma's desperate to claim a larger share of the immunology markets after Humira's LOE is fierce - Eli Lilly's (LLY) Olumiant, Pfizer's (PFE) Zeljanz, Amgen's Otezla, Bristol Myers Squibb's (BMY) Zeposia, Johnson & Johnson's (JNJ) Tremfya, Novartis' (NVS) Cosentyx and Regeneron (REGN) / Sanofi's (SNY) Dupixent to name a few. View ABBV analyst ratings or view top-rated stocks. 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. Management initially blamed slow take-up post pandemic for the drug's declining sales, but Gonzalez also told JPM Conference attendees that "new competitive entrants has significantly lowered our sales expectations for Imbruvica". That is substantially higher than the 12% CAGR achieved between 2018 - 2022, although that period includes the additional revenues from Allergan. I do much more than just articles at Haggerston BioHealth: Members get access to model portfolios, regular updates, a chat room, and more. (my table and forecasts). The Immunology division looks strong, even factoring in the patent cliff faced by $20 billion-selling Humira. The stock projection varied from the low price target of $135 to the high of $200. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. 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. 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. Any company is likely to struggle if sales of its best-selling asset begin to decline by ~20% per annum, which is traditionally the rate at which patent expired drugs' sales slip, but when the drug in question accounts for >35% of a company's sales, as Humira does, the situation becomes even more serious. The P/E ratio of AbbVie is 23.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.03. Kateryna Onyshchuk/iStock via Getty Images. 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. AbbVie Inc. (ABBV) Stock Forecast & Price Prediction For 2023 2024 2025 67.71% of the stock of AbbVie is held by institutions. We're currently running a sale at my private investing ideas service, Haggerston BioHealth, where members get access to portfolios, market alerts, real-time chat, and more. 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. The average ABBVIE INC stock forecast 2023 represents a 1.86% increase from the last price of $153.729995727539. All times are ET. In most cases, trials are underway for multiple indications, including some therapies that have already been approved for 1 or more conditions. And we remain confident in our ability to achieve total sales of more than $9 billion by 2029. CFDs are complex leveraged instruments and come with a high risk of losing money. The company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.54 by $0.06. 326 E 8th St #105, Sioux Falls, SD 57103 According to CompaniesMarketCap, the biopharmas market capitalisation stood at $272.38bn, making it the worlds 30th most valuable company. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Most stock quote data provided by BATS. Get daily stock ideas from top-performing Wall Street analysts. Trading CFDs is high risk and is not suitable for everyone. Aurora Cannabis Stock Forecast for 2023 - 2025 - 2030 View which stocks are hot on social media with MarketBeat's trending stocks report. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings. AbbVie Stock Forecast 03-06-2023. According to the algorithm-based forecaster Wallet Investor in its Abbvie stock forecast for 2022, the price could reach $169.852 by the end of December, $199.491 by 2023 and $229.304 by 2024. The companys full-year adjusted diluted EPS guidance excluded any impact from acquired IPR&D and milestones that may be incurred beyond the first quarter of the year, as both cannot be reliably forecasted. As of 2023 February 22, Wednesday current price of ABBV stock is 151.340$ 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. On average, analysts rate AbbVie stock as a buy. About the AbbVie, Inc. stock forecast. In my last note on AbbVie (NYSE:ABBV) for Seeking Alpha - in early July - I reviewed the Big Pharma's Q1'22 earnings and looked ahead to the release of Q2'22 figures. ABBV - Abbvie Inc Forecast - CNNMoney.com - CNN Business CNN Sans & 2016 Cable News Network. Johnson & Johnson is rushing toward a patent cliff but a new shelf offering registration suggests itis gearing up for acquisitions. The development of these 2 drugs has been very quick by drug development standards, and to date both have performed exceptionally well. Johnson & Johnson Stock Forecast 2023 - 2025 - 2030 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. Sign in to your free account to enjoy all that MarketBeat has to offer. 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. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! AT&T Inc. (T) stock forecast and price target Find the latest AT&T Inc. T analyst stock forecast, price target, and recommendation trends with in-depth analysis from research reports. One share of ABBV stock can currently be purchased for approximately $156.06. Disclosure: I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. . 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. If you like what you have just read and want to receive at least 4 exclusive stock tips every week focused on Pharma, Biotech and Healthcare, then join me at my marketplace channel, Haggerston BioHealth. When looking for ABBV stock forecasts, it's important to bear in mind that analysts' forecasts can be wrong. When I began this post it was in my mind to give AbbVie stock a "Hold" rating owing to an underwhelming - on some levels - set of Q2'22 earnings, some concerns around high revenue generating products such as Imbruvica, Juvederm, and Restasis, the disappearance of the Women's Health division, the imminent LOE for Humira and the high levels of debt. See what's happening in the market right now with MarketBeat's real-time news feed. Epcoritamab alone will not be sufficient to get AbbVie where it wants to be - despite some analysts believing it will be the highest grossing Pharma revenue wise by 2026. 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. 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. 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. Identify stocks that meet your criteria using seven unique stock screeners. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Since then, however, the stock price has fallen 18% to its current price of $142.6. We expect proof-of-concept data from roughly a dozen additional early stage oncology opportunities over the next couple of years. AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock. 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. As we look beyond 2025, we expect combined sales for Skyrizi and Rinvoq to exceed the peak revenues achieved by Humira, which was more than $21 billion. Eye Care, Other products Division Projected Revenues to 2030 (my table and assumptions ). High institutional ownership can be a signal of strong market trust in this company. 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. Retail sales were up but so was inflation which meant more volatility for stocks. AbbVie Inc. (ABBV) Stock Price, News, Quote & History - Yahoo Finance Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. As a result I have dropped Imbruvica revenues to just over $3.5bn in 2022 and modelled for a CAGR growth of just 1.5% between then and 2030. Here's Exactly How AbbVie Stock Can Beat the Market In 2023 AbbVie product revenues by quarter and year since FY20. This figure could eventually end up substantially larger - according to Gonzalez: We've begun to see some very exciting data from several solid tumor programs, including our anti-GARP antibody ABBV-151, and our PTK7 ADC, ABBV-647. In terms of market cap, it ranks third behind Pfizer ( PFE) and Novo Nordisk ( NVO ). 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. writing - trading down slightly from its all-time high of >$160 achieved in early December last year. AbbVie is one of the largest global Pharmaceuticals, with a market cap of >$265bn. Negative dynamics for AbbVie shares will prevail with possible volatility of 1.976%. Management has previously stated that it expects total revenues to decline in 2023 following the Humira LOE, followed by a return to growth in 2024, and a "high single digit CAGR" maintained through the remainder of the decade. 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. I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 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%). Sign-up to receive the latest news and ratings for AbbVie and its competitors with MarketBeat's FREE daily newsletter. AbbVie has fought off patent challenges against Humira for years longer than expected, and despite losing exclusivity in Europe in 2020, a series of price hikes and market dominance in the US in indications such as Rheumatoid Arthritis ("RA"), Psoriatic Arthritis ("PsA"), Crohn's Disease ("CD"), and Ulcerative Colitis ("UC") - have enabled the drug's sales revenues to keep growing. The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. If you rely on the information on this page then you do so entirely on your own risk. Based on earnings estimates, ABBV will have a dividend payout ratio of 54.11% next year. Note that analysts ABBV stock forecasts can be wrong. However, there are some general principles that can be followed in order to improve the accuracy of stock price predictions. This means that . Only 0.08% of the stock of AbbVie is held by insiders. Since then, however, the stock price has fallen 18% to. 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. contact@marketbeat.com ABBV-916 is therefore a real opportunity for AbbVie to develop a more effective and safer drug in the same class and claim a sizeable share of a 6m patient market.

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