AbbVie Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for AbbVie stock have an average target of 195.25, with a low estimate of 150 and a high estimate of 218. The average target predicts an increase of 0.24% from the current stock price of 194.79.

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$150	$195.25	$200	$218
Change	-22.99%	+0.24%	+2.67%	+11.92%

* Price targets were last updated on Aug 23, 2024.

Analyst Ratings

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

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Christopher Raymond Piper Sandler	Piper Sandler	Buy Maintains $196 → $209	Buy	Maintains	$196 → $209	+7.30%	Aug 23, 2024
Terence Flynn Morgan Stanley	Morgan Stanley	Buy Maintains $211 → $218	Buy	Maintains	$211 → $218	+11.92%	Aug 12, 2024
Louise Chen Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $200	Buy	Reiterates	$200	+2.67%	Aug 5, 2024
Louise Chen Cantor Fitzgerald	Cantor Fitzgerald	Buy Reiterates $200	Buy	Reiterates	$200	+2.67%	Jul 26, 2024
Robyn Karnauskas Truist Securities	Truist Securities	Strong Buy Reiterates $195 → $210	Strong Buy	Reiterates	$195 → $210	+7.81%	Jul 26, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

56.80B

from 54.32B

4.56%

from 54.32B

Revenue Next Year

59.85B

from 56.80B

5.38%

from 56.80B

EPS This Year

11.10

from 2.72

308.19%

from 2.72

EPS Next Year

12.33

from 11.10

11.05%

from 11.10

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	33.27B	45.80B	56.20B	58.05B	54.32B	56.80B	59.85B	64.20B
Revenue Growth	1.57%	37.69%	22.69%	3.30%	-6.44%	4.56%	5.38%	7.27%
EPS	5.28	2.72	6.45	6.63	2.72	11.10	12.33	13.80
EPS Growth	44.26%	-48.48%	137.13%	2.79%	-58.97%	308.19%	11.05%	11.93%
Forward PE	-	-	-	-	-	17.54	15.80	14.11
No. Analysts	-	-	-	-	-	31	31	26

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

Revenue Forecast

Revenue	2024	2025	2026
High	59.4B	63.0B	67.9B
Avg	56.8B	59.9B	64.2B
Low	54.1B	55.9B	59.8B

Revenue Growth

Revenue Growth	2024	2025	2026
High	9.3%	10.9%	13.4%
Avg	4.6%	5.4%	7.3%
Low	-0.4%	-1.6%	-0.1%

EPS Forecast

EPS	2024	2025	2026
High	11.77	13.31	14.92
Avg	11.10	12.33	13.80
Low	10.50	11.25	12.57

EPS Growth

EPS Growth	2024	2025	2026
High	332.7%	19.9%	21.0%
Avg	308.2%	11.1%	11.9%
Low	285.9%	1.3%	2.0%

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.