
NYSE:ABBV
This summary was created by AI, based on 9 opinions in the last 12 months.
AbbVie Inc. (ABBV-N) has demonstrated resilience after the loss of its blockbuster drug, Humira, through impressive revenue growth driven by new drugs such as Skyrizi and Rinvoq. Several experts noted a robust sales increase of 10.2% in Q2, along with a projected 24% revenue growth due to the successful launch of these new treatments. The stock has shown positive momentum recently, with a notable 6% rise in the past month and a 10% increase this year, substantiating confidence in its pipeline and execution capabilities. Analysts suggest it could reach between $232 to $234 if it surpasses key resistance levels. AbbVie's strategic management of the Humira patent cliff has impressed reviewers, positioning the company as a strong player in the healthcare sector.
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.
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.
It is a large cap biotech with a temporary pullback. Humera went off patent so there are some declines in revenue. He really likes the re-iteration of Humera which has taken off. Also it is re-designing a mistrial. Buy 20 Hold 10 Sell 0
(Analysts’ price target is $203.96)