AbbVie Inc. (ABBV)
NYSE: ABBV · Real-Time Price · USD
176.95
+5.22 (3.04%)
At close: Nov 22, 2024, 4:00 PM
177.40
+0.45 (0.25%)
After-hours: Nov 22, 2024, 7:57 PM EST

AbbVie Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for AbbVie stock have an average target of 206, with a low estimate of 173 and a high estimate of 225. The average target predicts an increase of 16.42% from the current stock price of 176.95.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $173 $206 $208 $225
Change -2.23% +16.42% +17.55% +27.15%

Analyst Ratings

The average analyst rating for AbbVie stock from 22 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 444489
Buy 8999911
Hold 111132
Sell 000000
Strong Sell 000000
Total 131414142022

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Leerink Partners
Leerink Partners
Buy
Upgrades
$206
Buy Upgrades $206 +16.42% Nov 22, 2024
Wolfe Research
Wolfe Research
Buy
Initiates
$205
Buy Initiates $205 +15.85% Nov 15, 2024
JP Morgan
JP Morgan
Buy
Maintains
$210$200
Buy Maintains $210$200 +13.03% Nov 13, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$226$215
Strong Buy Maintains $226$215 +21.50% Nov 12, 2024
BMO Capital
BMO Capital
Buy
Maintains
$228$208
Buy Maintains $228$208 +17.55% Nov 12, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
57.18B
from 54.32B
Increased by 5.27%
Revenue Next Year
60.42B
from 57.18B
Increased by 5.65%
EPS This Year
11.16
from 2.72
Increased by 310.36%
EPS Next Year
12.37
from 11.16
Increased by 10.87%
Fiscal Year FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Period Ending Dec 31, 2019 Dec 31, 2020 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026
Revenue
33.27B45.80B56.20B58.05B54.32B57.18B60.42B64.96B
Revenue Growth
1.57%37.69%22.69%3.30%-6.44%5.27%5.65%7.52%
EPS
5.282.726.456.632.7211.1612.3713.96
EPS Growth
44.26%-48.48%137.13%2.79%-58.97%310.36%10.87%12.84%
Forward PE
-----15.8514.3012.67
No. Analysts -----323227
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 59.4B 63.9B 69.1B
Avg 57.2B 60.4B 65.0B
Low 54.7B 55.1B 60.0B

Revenue Growth

Revenue Growth 20242025202620272028
High
9.4%
11.8%
14.3%
Avg
5.3%
5.7%
7.5%
Low
0.7%
-3.6%
-0.7%

EPS Forecast

EPS 20242025202620272028
High 11.62 13.65 15.70
Avg 11.16 12.37 13.96
Low 10.68 11.30 12.81

EPS Growth

EPS Growth 20242025202620272028
High
327.3%
22.3%
26.8%
Avg
310.4%
10.9%
12.8%
Low
292.7%
1.2%
3.5%
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.