
NYSE:ABBV
This summary was created by AI, based on 10 opinions in the last 12 months.
AbbVie Inc. (ABBV-N) has shown resilience in the face of challenges, particularly with the patent expiration of Humira. Experts note a 15% increase over the past year, with significant attention given to its strong drug pipeline and effective management strategies following the loss of Humira's exclusive rights. Recent performances indicate a 10% rise this year, bolstered by the growth of drugs like Rinvoq. Many analysts express confidence in AbbVie's ability to sustain growth, highlighting its diversification strategy and solid dividend yield of around 3%. Overall, opinions suggest that while AbbVie is in a strong position, there may be opportunities to trim holdings through strategies like covered calls should investors feel overexposed.
Was upgraded today. It will continue to be a great stock and expects it to surpass $200. It trades at 2025 15x PE. It solved the problem and how to do after their big drug, Humira, comes off patent. They've replaced it with two other hit drugs that will top $20 billion in annual sales in 2025. Good valuation and pays a 3.3% dividend. They've made key pick-ups in neurology.
Top choice in pharma market. Strong offering of products. Very large company that is defensive. Recent patents coming to market - will present opportunity. 18-19 new drugs coming to market this year. Botox products also very strong. Lots development done "in house" vs. competitors. Excellent track record.
In the past 2 months they bought Immurgen (they have an ovarian cancer treatment and oncology portfolio) and Cerevel (a clinical stage biotech to treat, for example, Parkinson's, epilepsy). These are smart moves. Why? Competition. CVS just announced it is adopting biosimilars (generic drugs), including removing Humira (Abbvie's big drug which came off patent).
He added more AbbVie. Obviously, today's news about the disappointing drug trials is not good. This schizophrenia drug was projected to make $1.1 billion in sales four years from now. But today's share plunge is too great, overdone. He might add on even more weakness. Trades at 14x forward PE and pays a 3.9% dividend. It's a great company on sale. They have a long track record of making acquisitions.