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 up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. 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. Analysts have tipped the drug to achieve peak sales of $2.75bn, and although the emergence of CAR-T therapies and some concerns around safety - notably cases of cytokine release syndrome ("CRS') - persist, this revenue figure is achievable in my view. 2022 Cable News Network. I take the total revenue figure from each year and plug it into an income statement forecast as follows: AbbVie income statement forecast. Thus, it is likely that ABBV will continue to find support on the dips in this type of market environment.. One share of ABBV stock can currently be purchased for approximately $156.06. Having so much debt in a prevailing inflationary environment is also unattractive. And it couldnt be more wrong! Based on earnings estimates, AbbVie will have a dividend payout ratio of 54.11% next year. 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. The stock projection varied from the low price target of $135 to the high of $200. I write about Biotech, Pharma and Healthcare stocks and share investment tips. 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". With no LOEs on the horizon, it is relatively plain sailing for the company ex-Humira, and the performance of Skyrizi and Rinvoq - to date at least - suggests management does have this massive patent cliff covered. 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. Over the years, AbbView Inc. has made numerous acquisitions. 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. With a 5-year investment, the revenue is expected to be around +88.28%. What intrigues here is the possibility of RGX-314, an anti-VEGF gene therapy that Gonzalez believes "has the potential to be a one-time treatment for wet AMD, diabetic retinopathy and other chronic retinal conditions". 1 dividend stock for a LIFETIME of income. As we can see, AbbVie is likely to generate some impressive cash flow based on its operating margins, which begin at 32%. This indicates that AbbVie will be able to sustain or increase its dividend. I have no business relationship with any company whose stock is mentioned in this article. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions) . The average ABBVIE INC stock forecast 2023 represents a 1.86% increase from the last price of $153.729995727539. Trading CFDs is high risk and is not suitable for everyone. This indicates that the company will be able to sustain or increase its dividend. It . The median estimate represents a +5.72% increase from the last price of 156.07. The company is focused on research and has a number of collaborations and partnerships to that end. 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 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. There are currently 9 hold ratings and 7 buy ratings for the stock. Net earnings also saw a steep rise to $4.49bn from $3.55bn, while net revenue jumped to $13.54bn from 13.01bn. The average analyst rating for AbbVie stock from 34 stock analysts is "Buy". (JPM Healthcare conference presentation), Skyrizi's performance has been particularly eye-catching. 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 2022, the company will most likely boast 12 "blockbuster" (>$1bn per annum) selling assets, driving ~$48bn of revenues between them, with Humira being the only drug that faces a near term patent expiry, whilst AbbVie is promising at least 6 or 7 major new product launches by 2026. 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 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. This has been in spite of a string of macroeconomic headwinds such as the ongoing Russia-Ukraine war that has contributed to record high inflation in the US and the UK, and the companys psoriatic arthritis drug Adalimumab, known as Humira, facing biosimilar rivals in the US from 2023. Always conduct your own due diligence before investing. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions). $163.64. 67.71% of the stock of AbbVie is held by institutions. . I have no business relationship with any company whose stock is mentioned in this article. AbbVie is a leader in ESG and sustainability. Skyrizi has shown superiority to Humira in fields such as plaque psoriasis by a statistically significant amount, with a comparable safety profile, whilst Rinvoq has shown superiority in e.g. Although management reminded analysts that "Imbruvica continues to be the total market share leader across all lines of therapy in CLL", the outlook does not look especially promising. The Immunology division looks strong, even factoring in the patent cliff faced by $20 billion-selling Humira. Finally, eye-care - another division inherited from Allergan - has been performing well for AbbVie although I am not expecting particularly strong growth from the current product portfolio. 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. All Rights Reserved. Free Stock Analysis Report: See The True Value of Any Stock, The Best Strategy For Your Small Trading Account. Aurora Cannabis Revenue Forecast for 2023 - 2025 - 2030. According to AbbVie CEO Rick Gonzalez, speaking on the Q2'22 earnings call, "Skyrizi's total prescription share of the U.S. biological market (in psoriasis) has increased to approximately 26%", and". The S&P 500 (US500) lost 9.1%, the Dow Jones (US30) slid 9.7%, and the Nasdaq Composite fell 23% during the same period. on the strength of its future rather than present portfolio. Please disable your ad-blocker and refresh. And with a dividend yield of 4.9%, AbbVie is quite attractive for investors yearning for . Management puts this down to "delayed market recovery for new patients starting therapy in Chronic Lymphocytic Leukemia ("CLL") and increasing competition" and has downgraded its FY22 guidance as a result. The 21 analysts offering 1 year price forecasts for ABBV have a max estimate of and a min estimate of . I/we have a beneficial long position in the shares of ABBV, BMY either through stock ownership, options, or other derivatives. The company officially IPOd on January 2, 2013; contrary to criticisms, the move was solely to protect the parent company from expiring patents. AbbVie declared a quarterly dividend on Thursday, February 16th. 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. Capital Com Australia Pty Ltd (ABN 47 625 601 489) is a company registered in Australia and regulated by the Australian Securities and Investments Commission (ASIC) under AFSL 513393. For the next nine years, the forecast is for Revenue to grow by 3.57%. 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. Eye Care, Other products Division Projected Revenues to 2030 (my table and assumptions ). The company is a member of the Fortune 100 and one of the Fortune 100s Best Companies To Work For. Based on aggregate information from My MarketBeat watchlists, some companies that other AbbVie investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET), AT&T (T), Bristol-Myers Squibb (BMY), Wheaton Precious Metals (WPM), Rogers Communications (RCI) and Open Text (OTEX). Abbvies haematologic oncology portfolio, neuroscience portfolio and aesthetics portfolio reported net revenues of $1.65bn, $1.49bn and $1.37bn, respectively. Get short term trading ideas from the MarketBeat Idea Engine. Let's begin our analysis with the immunology division. Please. 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. High institutional ownership can be a signal of strong market trust in this company. AbbVie has received a consensus rating of Hold. My calculation is that Humira revenues in 2023 will be 80% of the 2022 figure, or $16.7bn. This means that . This suggests a possible upside of 3.2% from the stock's current price. Please disable your ad-blocker and refresh. 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. 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. On average, analysts forecast that ABBV's EPS will be $11.80 for 2023, with the lowest EPS . 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. Price target. Skyrizi - which inhibits the activities of IL-23 - a naturally occurring cytokine that is involved in inflammatory and immune responses - and Rinvoq - a member of the janus kinase inhibitor drug class - fit this profile. Abbvie Stock Forecast | Is Abbvie a Good Stock to Buy? - Capital CFDs are complex leveraged instruments and come with a high risk of losing money. In February, a Phase 3 induction study saw positive top-line results. The surge in revenues can primarily be attributed to its Allergan. GSK Free Cash Flow Forecast for 2023 - 2025 - 2030. What is the dividend yield for AbbVie? AbbVie's Q2'22 earnings threw up some positives and negatives for investors to contemplate. 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. 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. Between September 2021 and April 2022, AbbVie stock went on a sensational bull run, gaining 62% and hitting an all-time peak of $174.
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