@themotleyfool #stocks $ABBV $PFE $MS $GILD $ABT, it purchased for cash and stock in 2019 for $63 billion, 3 Stocks to Buy With Dividends Yielding More Than 4%, Coronavirus Stimulus Checks: Top Stocks To Buy Now, 2 High-Yielding Dividend Stocks to Buy if the Market Crashes Again, Copyright, Trademark and Patent Information. Their average twelve-month price target is $112.50, predicting that the stock has a possible upside of 7.32%. ... nine times the 2021 earnings that Stanicky forecastsâ¦ 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. 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. Abbott's, on the other hand, grew from $3.9 billion to $4.4 billion between those two years. 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. The company's curative combination drug for hepatitis C, Mavyret, is the poster child for falling revenue growth.Â. 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. Subsequently, AbbVie also took on all $24 billion of Allergan's debts, leaving AbbVie with upwards of $67 billion in total debt. The company also has a new MitraClip product, which is used by heart surgeons in repairing the mitral valve, which plays a crucial role in moving blood in and out of the heart. On average, they anticipate AbbVie's share price to reach $112.50 in the next twelve months. Find out if ABBV (XNYS) is overpriced or undervalued. 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. Returns as of 01/06/2021. Abbott's largest business is its medical device sâ¦ 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. 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. Nonetheless, the market did not initially recieve AbbVie's announcement of the purchase favorably. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. In short, Mavyret is curing itself into obsolescence. Total third-quarter revenue came in at $8.1 billion, with $5.2 billion coming from international markets. But can AbbVie build momentum for growth, given that its best-selling products face a number of new competitors? 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. AbbVie Inc Stock Predictions NYSE:ABBV. 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. ABBV's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 98.93% of US stocks. 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. Elsewhere in its stable of approved drugs, Humira's revenues will continue to ebb as a result of competition from biosimilars created after AbbVie's patent expired in 2016. About the AbbVie, Inc. stock forecast. Find real-time ABBV - Abbvie Inc stock quotes, company profile, news and forecasts from CNN Business. View AbbVie Inc. ABBV investment & stock information. @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. 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. There's not much to say that's negative about Abbott. This suggests a possible upside of 5.0% from the stock's current price. Find the latest Earnings Report Date for AbbVie Inc. Common Stock (ABBV) at Nasdaq.com. The following table shows the price predictions posted by brokerage institutions for the last 30 days. 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. 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. 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