AbbVie Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for AbbVie stock have an average target of 185, with a low estimate of 150 and a high estimate of 200. The average target predicts an increase of 11.47% from the current stock price of 165.96.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$150	$185	$189	$200
Change	-9.62%	+11.47%	+13.88%	+20.51%

Analyst Ratings

The average analyst rating for AbbVie stock from 12 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	3	3	3	3	4	4
Buy	8	7	6	7	7	7
Hold	7	3	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	18	13	11	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Raymond Piper Sandler	Piper Sandler	Buy Maintains $190	Buy	Maintains	$190	+14.49%	Jul 2, 2024
Louise Chen Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $200	Buy	Reiterates	$200	+20.51%	Jun 20, 2024
Christopher Raymond Piper Sandler	Piper Sandler	Buy Maintains $185 → $190	Buy	Maintains	$185 → $190	+14.49%	Jun 18, 2024
Rajesh Kumar HSBC	HSBC	Hold → Strong Buy Upgrades $185	Hold → Strong Buy	Upgrades	$185	+11.47%	Jun 5, 2024
Louise Chen Cantor Fitzgerald	Cantor Fitzgerald	Buy Initiates $200	Buy	Initiates	$200	+20.51%	May 17, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

56.31B

from 54.32B

3.67%

from 54.32B

Revenue Next Year

59.51B

from 56.31B

5.69%

from 56.31B

EPS This Year

11.47

from 2.72

321.66%

from 2.72

EPS Next Year

12.30

from 11.47

7.25%

from 11.47

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	33.27B	45.80B	56.20B	58.05B	54.32B	56.31B	59.51B	63.93B	67.60B	71.83B
Revenue Growth	1.57%	37.69%	22.69%	3.30%	-6.44%	3.67%	5.69%	7.43%	5.73%	6.25%
EPS	5.28	2.72	6.45	6.63	2.72	11.47	12.30	13.80	14.94	16.31
EPS Growth	44.26%	-48.48%	137.13%	2.79%	-58.97%	321.66%	7.25%	12.19%	8.28%	9.16%
Forward PE	-	-	-	-	-	14.47	13.49	12.03	11.11	10.17
No. Analysts	-	-	-	-	-	32	32	27	15	13

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	58.6B	63.9B	69.0B	74.0B	78.4B
Avg	56.3B	59.5B	63.9B	67.6B	71.8B
Low	53.8B	55.3B	58.7B	62.2B	65.6B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.9%	13.4%	15.9%	15.7%	15.9%
Avg	3.7%	5.7%	7.4%	5.7%	6.3%
Low	-1.0%	-1.8%	-1.4%	-2.6%	-3.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	11.97	13.35	15.11	16.29	18.15
Avg	11.47	12.30	13.80	14.94	16.31
Low	10.80	11.17	12.47	13.15	14.09

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	340.1%	16.4%	22.8%	18.0%	21.5%
Avg	321.7%	7.2%	12.2%	8.3%	9.2%
Low	297.0%	-2.6%	1.3%	-4.7%	-5.7%

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.