Abbott Laboratories (ABT)
NYSE: ABT · IEX Real-Time Price · USD
104.22
+0.04 (0.04%)
At close: Jul 12, 2024, 4:00 PM
104.75
+0.53 (0.51%)
After-hours: Jul 12, 2024, 7:48 PM EDT

Abbott Laboratories Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Abbott Laboratories stock have an average target of 122.3, with a low estimate of 107 and a high estimate of 140. The average target predicts an increase of 17.35% from the current stock price of 104.22.

Analyst Consensus: Buy
Target Low Average Median High
Price $107 $122.3 $121 $140
Change +2.67% +17.35% +16.10% +34.33%

Analyst Ratings

The average analyst rating for ABT stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating Feb '24Mar '24Apr '24May '24Jun '24Jul '24
Strong Buy 441333
Buy 555555
Hold 333333
Sell 000000
Strong Sell 000000
Total 12129111111

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Evercore ISI Group
Evercore ISI Group
Buy
Maintains
$125$120
Buy Maintains $125$120 +15.14% Jul 2, 2024
RBC Capital
RBC Capital
Buy
Reiterates
$125
Buy Reiterates $125 +19.94% Jun 4, 2024
Goldman Sachs
Goldman Sachs
Strong Buy
Initiates
$121
Strong Buy Initiates $121 +16.10% May 30, 2024
Citigroup
Citigroup
Strong Buy
Maintains
$128$119
Strong Buy Maintains $128$119 +14.18% May 22, 2024
Barclays
Barclays
Buy
Maintains
$141$140
Buy Maintains $141$140 +34.33% Apr 22, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
42.16B
from 40.11B
Increased by 5.11%
Revenue Next Year
45.23B
from 42.16B
Increased by 7.28%
EPS This Year
4.67
from 3.26
Increased by 43.38%
EPS Next Year
5.19
from 4.67
Increased by 11.10%
Year 2019202020212022202320242025202620272028
Revenue
31.90B34.61B43.08B43.65B40.11B42.16B45.23B48.54B51.46B54.95B
Revenue Growth
4.34%8.48%24.47%1.34%-8.12%5.11%7.28%7.33%6.01%6.78%
EPS
2.062.503.943.913.264.675.195.746.136.63
EPS Growth
54.89%21.36%57.60%-0.76%-16.62%43.38%11.10%10.63%6.72%8.15%
Forward PE
-----22.3020.0718.1417.0015.72
No. Analysts -----29292365
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 44.2B 47.5B 51.5B 55.2B 59.6B
Avg 42.2B 45.2B 48.5B 51.5B 54.9B
Low 40.6B 43.4B 46.1B 48.2B 50.9B

Revenue Growth

Revenue Growth 20242025202620272028
High
10.2%
12.8%
13.8%
13.7%
15.9%
Avg
5.1%
7.3%
7.3%
6.0%
6.8%
Low
1.2%
2.9%
2.0%
-0.8%
-1.0%

EPS Forecast

EPS 20242025202620272028
High 4.94 5.71 6.45 6.67 7.37
Avg 4.67 5.19 5.74 6.13 6.63
Low 4.48 4.93 5.39 5.55 5.86

EPS Growth

EPS Growth 20242025202620272028
High
51.4%
22.2%
24.2%
16.1%
20.2%
Avg
43.4%
11.1%
10.6%
6.7%
8.2%
Low
37.4%
5.4%
3.7%
-3.4%
-4.4%
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.