AT&T Inc. (T) stock forecast and price target Find the latest AT&T Inc. T analyst stock forecast, price target, and recommendation trends with in-depth analysis from research reports. approvals of Humira, Skyrizi, Rinvoq (AbbVie JPM Healthcare conference presentation). However, there are some general principles that can be followed in order to improve the accuracy of stock price predictions. I wrote this article myself, and it expresses my own opinions. In this post I model AbbVie product sales to 2030 - including pipeline assets - and use discounted cash flow analysis to calculate a present day share price target. I am using a weighted average cost of capital of ~10%, which is broadly consistent with the figure I use when modelling for the other 7 members of what I term the "Big 8" US Pharmas - Johnson & Johnson, Eli Lilly, Pfizer, Merck & Co (MRK), Bristol Myers Squibb, Amgen, and Gilead Sciences (GILD) - which helps prove the accuracy of the calculation. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. Read our dividend analysis for ABBV. AbbVie says it will pay down debt of $4bn in 2023, which will "bring cumulative debt pay down ~$34bn", but the company is heavily reliant on maintaining an investment grade rating. Please log in to your account or sign up in order to add this asset to your watchlist. We continue to anticipate a clearer path to strong sales growth in 2025 with high-single-digit compounded annual growth rate to the end of this decade. All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. AbbVie has 5 focus areas for its research and products. AbbVie had a net margin of 20.39% and a trailing twelve-month return on equity of 154.52%. The other major plus is probably the performance of the neuroscience divisions, where as we can see, Botox (indicated for migraine treatment), atypical antipsychotic Vraylar, migraine therapy Ubrelvy and newly launched Qulipta, an oral CGRP inhibitor indicated for chronic migraine all delivered good sales growth. In the last two years, Aurora Cannabis's Revenue has fallen from C$245.54M to C$245.25M - a 0.12% decrease. 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. 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. During the same quarter in the prior year, the firm posted $3.31 EPS. I write about Biotech, Pharma and Healthcare stocks and share investment tips. Sales are expected to recover in H2'22, however, and forecast year-on-year growth. AbbVie has been working hard to ensure the 2 drugs it has developed to replace Humira - Skyrizi, which inhibits the pro-inflammatory cytokine IL23, and Rinvoq, a Janus Kinase (enzymes involved in immune cell function) inhibitor - are winning approvals and growing sales in Humira's markets. Abbvie Inc quote is equal to 152.710 USD at 2023-02-27. If you have an ad-blocker enabled you may be blocked from proceeding. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Disclaimer. As of 2022, AbbVie employed more than 50,000 people globally with 21,000 in STEM-related positions. Over the years, AbbView Inc. has made numerous acquisitions. AbbVie has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. 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. The review period was extended by three months in order for the FDA to review additional data submitted by AbbVie. 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). The company is focused on research and has a number of collaborations and partnerships to that end. Net earnings also saw a steep rise to $4.49bn from $3.55bn, while net revenue jumped to $13.54bn from 13.01bn. As we can see, AbbVie is likely to generate some impressive cash flow based on its operating margins, which begin at 32%. The difference between trading assets and CFDs. Bringing RGX314 would be a coup for AbbVie although I am forecasting for only $2bn in peak revenues in 2030 as a hedge against the risk that this candidate does not make it to market on safety grounds. Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. In terms of market cap, it ranks third behind Pfizer ( PFE) and Novo Nordisk ( NVO ). Always conduct your own due diligence before investing. AbbVie has a PEG Ratio of 3.51. Although Wallet Investor did not provide targets for 2030, its longer-term Abbvie stock prediction expected the price to hit $300.386 in June 2027. I write about Biotech, Pharma and Healthcare stocks and share investment tips. (my tables). The current consensus among 24 polled investment analysts is to Buy stock in Abbvie Inc. Naturally, if there is a more effective and safe drug than Humira available for the same indication, then physicians are likely to prescribe it over Humira, or a Humira biosimilar. Without the additional patents - >130 in total - Humira would have lost its market exclusivity in 2016, but having eventually lost protection in Europe, which has resulted in a sales decline from $6.3bn in 2018, to ~$2.7bn in 2022, Humira will finally face generic competition in the US from the beginning of this year. The material provided on this website is for information purposes only and should not be understood as an investment advice. ABBV closed at $152.49 on 29 June, which was above its 200-day moving average (MA) of 136.42, indicating a bullish signal for the stocks price movement ahead, according to data from TradingView. 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. (AbbVie JPM Healthcare conference presentation). AbbVie income statement forecast (My table and assumptions). As well as the stock price gains AbbVie has always paid a handsome dividend - which has increased by 270% since the Pharma's inception, currently paying $1.48 per quarter, for a current yield of 4% - the highest in the large Pharmaceutical sector. The weighted average cost of capital I estimate to be 9.6% - I tend to use a WACC of 10% for most Big Pharma analysis. While some of the gains are due to investor perception that it is a strong company, some view ABBV as a defensive stock, with most of the other stocks in the sector also doing well. This indicates that AbbVie will be able to sustain or increase its dividend. Partnerships are with universities, medical facilities, research organizations and other pharmaceutical companies. target price for AbbVie stock based on DCF / EBITDA multiple analysis (my table and assumptions). (my tables and forecasting). All rights reserved. losed Joint Stock Company FinTech Solutions, Fidelity NASDAQ Composite Index Tracking Stock Fund, Abbvie stock price analysis: Past year performance, Abbvie fundamental analysis: Q1 2022 earnings, Abbvie stock forecast: Company guidance and analysts predictions. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. ABBV currently yields 4.1% and has raised its dividend every year since 2013. Both Leqembi and Donanemab are potential $5bn - $10bn selling assets, but both drugs still have safety questions to answer and not certain to be made eligible for reimbursement. The AbbVie of today has 5 thriving divisions - Immunology, Oncology, Neuroscience, Aesthetics, and Eye Care - with the latter 3 divisions acquired from Allergan as part of AbbVie's $63bn takeover of that company. AbbVie saw a increase in short interest in February. It . Forecast . To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. The ex-dividend date of this dividend is Thursday, April 13th. When I began this post it was in my mind to give AbbVie stock a "Hold" rating owing to an underwhelming - on some levels - set of Q2'22 earnings, some concerns around high revenue generating products such as Imbruvica, Juvederm, and Restasis, the disappearance of the Women's Health division, the imminent LOE for Humira and the high levels of debt. Find the latest AbbVie Inc. (ABBV) stock quote, history, news and other vital information to help you with your stock trading and investing. ABBV Stock 12 Months Forecast. The following companies are subsidiares of AbbVie: AbbVie (Gibraltar) Holdings Limited, AbbVie (Gibraltar) Holdings Limited Luxembourg S.C.S., AbbVie (Gibraltar) Limited, AbbVie (Pty) Ltd., AbbVie A/S, AbbVie AB, AbbVie AG, AbbVie AS, AbbVie Australasia Holdings Limited, AbbVie B.V., AbbVie Bahamas Ltd., AbbVie Biofarmacevtska druba d.o.o., AbbVie Biopharmaceuticals GmbH, AbbVie Biopharmaceuticals LLC, AbbVie Biopharmaceuticals Ltd., AbbVie Bioresearch Center Inc., AbbVie Biotech Ventures Inc., AbbVie Biotechnology GmbH, AbbVie Biotechnology Ltd, AbbVie Biotherapeutics Inc., AbbVie Biotherapeutics Limited, AbbVie Central Finance B.V., AbbVie Corp, AbbVie Corporation, AbbVie Deutschland GmbH & Co. KG, AbbVie EOOD, AbbVie Endocrine Inc., AbbVie Endocrinology Inc., AbbVie Farmacuticos S.A. de C.V., AbbVie Farmacutica Ltda., AbbVie Finance B.V., AbbVie Finance Corporation, AbbVie Finance LLC, AbbVie GK, AbbVie GmbH, AbbVie Holdings Corporation, AbbVie Holdings Inc., AbbVie Holdings KK, AbbVie Holdings SAS, AbbVie Holdings Unlimited, AbbVie Holdings s.r.o., AbbVie International S. r.l., AbbVie Investments Limited, AbbVie Investments S. r.l., AbbVie Ireland Holdings Limited, AbbVie Ireland NL B.V., AbbVie Ireland Unlimited Company, AbbVie Japan Holdings B.V., AbbVie Kft., AbbVie Komplementr GmbH, AbbVie L.L.C., AbbVie L.da, AbbVie Limited, AbbVie Limited Liability Company, AbbVie Logistics B.V., AbbVie Ltd, AbbVie Ltd., AbbVie Manufacturing Management Limited, AbbVie Nederland Holdings B.V., AbbVie Operations Singapore Pte. American Consumer News, LLC dba MarketBeat 2010-2023. Nevertheless, AbbVie is clearly under huge pressure to protect its dominance in the immunology markets, and the signs are it has been able to do just that thanks to the launches of 2 new drugs - Skyrizi and Rinvoq. I look forward to seeing if Epcoritamab is approved this year, and although there is not a lot else in the near-term pipeline at this time, I also look forward to seeing how other projects may progress, e.g., opportunities in Parkinson's Disease, Alzheimer's and Cystic Fibrosis. AbbVie's success - as its shareholders will doubtless be aware - stems from the runaway success of its immunology drug Humira, which is indicated for a range of autoimmune conditions, including Rheumatoid Arthritis, Psoriatic Arthritis, Psoriasis, Crohn's Disease, Ulcerative Colitis, Hidradenitis Suppurativa and Ankylosing spondylitis. According to analysts' consensus price target of $161.12, AbbVie has a forecasted upside of 3.2% from its current price of $156.06. The company employs 50,000 workers across the globe. Fawad Razaqzada, market analyst for City Index and FOREX.com, commenting to Capital.com, said: As of 30 June, analyst ratings compiled by MarketBeat shared different price targets for Abbvie stock. 16 analysts have issued 12-month price targets for AbbVie's shares. In my model I have then reduced revenues by 20% between 2024 - 2026, and then by 10% per annum between 2027 - 2030. (ABBV), MarketBeat Week in Review 2/13 - 2/17 (ABBV), The 3 Best Pharma Stocks to Buy for Big Gains in 2023 (ABBV), How Abbott Labs, AbbVie Could Profit on Seizure Drug Formula (ABBV), AbbVie Has a Mixed Outlook After Mixed Earnings, Q4 2022 AdTheorent Holding Company Inc Earnings Call. A major reason behind Abbvies stellar performance amid the ongoing economic crises is the resolution of the companys Humira (adalimumab) litigation with Alvotech in March 2022. Abbvie Stock Forecast 2023 In the Biopharmaceutical Industry, Abbvie has been able to create a leadership position in the market in each business segment with different brand names in different business categories like Immunology, Hematologic Oncology, Neuroscience, Aesthetics, and Eye Care. 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. Please. Ever since its split from Abbott Laboratories (ABT) in 2012 AbbVie (NYSE:ABBV) has delivered strong returns for investors - its stock price having risen overall from $30, to $149 per share at the time of writing - trading down slightly from its all-time high of >$160 achieved in early December last year. Outside of Humira, management does not have to worry about LOEs for any of its other portfolio products before the end of the decade, which is encouraging, however, based on my own projections of how AbbVie will generate its revenues between 2023 and 2030, if management wants to drive a CAGR in the high single digits after 2025, it will need some help from its pipeline - not an area of particular strength for AbbVie. The firm earned $15.12 billion during the quarter, compared to the consensus estimate of $15.30 billion. Within eye care, Restasis was a major disappointment, and the entire division seems to be struggling, with total revenues falling from ~$920m in Q2'21, to ~$720m in Q2'22. Eli Lilly has long been a reliable stock, but with the company's impressive product pipeline, the stock could hold significant potential in the near term. And never invest or trade money you cannot afford to lose. Based on earnings estimates, ABBV will have a dividend payout ratio of 54.11% next year. writing - trading down slightly from its all-time high of >$160 achieved in early December last year. Remember that past performance is not a guarantee of future results and you should never invest more money than you can afford to lose. AbbVie Aesthetics / Neurology revenues forecasts to 2030 (my table and assumptions) . Slide from JPM Conference 2022 presentation. Aesthetics was propped up by growing sales of Botox - up 12% year-on-year to $678m, but let down by sales of Juvederm, which management put down to lockdown regulations in China, and the "suspension" of operations in Russia. GSK Free Cash Flow Forecast for 2023 - 2025 - 2030. It is generally accepted however that 2023 will see the entrants into the US market of several generic versions of Humira - which works by inhibiting Tumor Necrosis Factor ("TNF"), an inflammation causing protein - from the likes of Viatris (VTRS), Organon (OGN), Pfizer (PFE), Amgen (AMGN), and several more companies involved in the development and sale of generic or biosimilar drugs. Specifically, they have bought $0.00 in company stock and sold $23,102,528.00 in company stock. This suggests a possible upside of 3.2% from the stock's current price. 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. . Although Wallet Investor did not provide targets for 2030, its longer-term Abbvie stock prediction expected the price to hit $300.386 in June 2027. For the next nine years, the forecast is for Revenue to grow by 3.57%. As such I have downgraded my own growth expectations in the forecasting table above, reducing annual growth from 7.5%, to just 2.5%, after forecasting for $5bn revenues in FY22 - down 7.5% year-on-year. AbbVie probably does not want to be recognized as simply an immunology giant however, it wants to be substantially more diversified and like all major Pharma's it has a strong long-term focus on oncology. Nevertheless, after applying the discount factor, I calculate a share price target of $151 based on DCF analysis and a slightly higher figure of $168 based on EBITDA analysis. AbbVie is a leader in ESG and sustainability. Trading CFDs is high risk and is not suitable for everyone. That is interesting to me as I think it suggests management will need to commercialize more assets if it wants to hit that target. The average analyst rating for AbbVie stock from 34 stock analysts is "Buy". I wrote this article myself, and it expresses my own opinions. AbbVie's stock is owned by many different institutional and retail investors. In summary, the total revenue increase of just 4% year-on-year in Q2'22 might disappoint a few investors, as might the downgraded guidance, although it is hard to argue that AbbVie is a bad investment when we consider that the Pharma also pays a dividend of $1.41 per quarter, yielding 4% per annum, drove operating earnings of $3.925bn on a GAAP basis, and trades at a >10% discount to my calculated target price. My EPS figure increases slightly between 2022 and 2023, whilst AbbVie has suggested it will be down slightly before beginning to accelerate towards the end of the decade, as revenues correspondingly begin to climb sharply once the worst of the Humira LOE is over. Abbvie stock price has put up an impressive performance in 2022. Let's begin our analysis with the immunology division. The lowest target is $136.35 and the highest is $210. 67.71% of the stock of AbbVie is held by institutions. I have downgraded my forecasts to 2016 accordingly however to 2% annual growth. The company originated as the bio-pharma segment of Abbott Laboratories and was spun off in late 2012. AbbVie Inc. (NYSE:ABBV) posted its earnings results on Thursday, February, 9th. Rinvoq's progress has been a little more circumspect, but almost as impressive. AbbVie made the bold decision to take on a heavy debt load and bid for Allergan, with the deal being completed in 2020. (JPM Healthcare conference presentation), Skyrizi's performance has been particularly eye-catching. For ABBVIE INC stock forecast for 2023, 10 predictions are offered for each month of 2023 with average ABBVIE INC stock forecast of $156.58, a high forecast of $160.07, and a low forecast of $152.24. Free Stock Analysis Report: See The True Value of Any Stock, The Best Strategy For Your Small Trading Account. This means that . The company provided earnings per share (EPS) guidance of $10.70- for the period. I had felt this could be an issue for Skyrizi and Rinvoq, given it is rare for a drug to be as dominant as Humira was, but although the level of competition is fierce, both drugs are more than meeting expectations, and with the entire auto-immune market worth as much as $45 - $50bn, it does seem possible that Skyrizi and Rinvoq could one day generate >$20bn revenues between them, as management hopes. I'm on twitter @edmundingham. Should I buy or sell AbbVie stock right now? For full year 2022, Abbvie predicted the adjusted diluted EPS guidance range at $14.00 to $14.20 and $13.92 to $14.12. As we look beyond 2025, we expect combined sales for Skyrizi and Rinvoq to exceed the peak revenues achieved by Humira, which was more than $21 billion. 164.71 0.00 0.00%. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. AbbVie Oncology Division Forward Revenue Projections (my table and assumtpions). Please. The average price target represents a 6.33% change from the last price of $153.90. 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. The average ABBVIE INC stock forecast 2023 represents a 1.86% increase from the last price of $153.729995727539. As with debt, if approval and revenue targets aren't met, it can quickly result in a loss of faith in the company. The most recent increase was . Over the next nine years, experts believe that GSK's Free Cash Flow will grow at a rate of 1.98%. AbbVie's free cash flow yield is 10.5% compared to 4.3% for Johnson & Johnson . AbbVie, like its parent Abbot Laboratories, is a well-established dividend growth stock. According to CEO Gonzalez: Over the long-term, aesthetics continues to be an extremely attractive underpenetrated market with significant growth potential. psoriatic arthritis at a lower dose, again with a comparable safety profile, and has also won approval in a field where Humira has not, namely Atopic Dermatitis. In-depth profiles and analysis for 20,000 public companies. Within the oncology division sales of Imbruvica fell 17% year-on-year. It had an upside potential of 4.76%, based on the closing price of $152.49 on 29 June. All rights reserved. If youre new to trading, then youve probably heard the wrong thing about optionsthat theyre risky, unpredictable, or difficult. AbbVie Stock Forecast 2022 - 2025 - 2030 | StockForecast.com GB Although the company has admitted that 2023 earnings will likely be down in 2022 - guidance for last year is for earnings per share ("EPS') of $13.84 - $13.88 on an adjusted diluted basis, versus $12.7 in 2021 - Gonzalez and his team were making some bold promises to investors at this year's JP Morgan Healthcare conference. In the U.S. dermatology segment, where approximately 30% of patients exhibit both skin and joint involvement, Skyrizi is already achieving an in-play patient share of nearly 20%. Disclosure: I/we have a beneficial long position in the shares of BMY, GILD, ABBV either through stock ownership, options, or other derivatives. In February, a Phase 3 induction study saw positive top-line results. With the Hughes Optioneering Strategy, youll soon learn that the safest option for new accounts is options themselves! CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Enjoy your holiday weekend and catch up on our most read stories this week. In my last note on AbbVie (NYSE:ABBV) for Seeking Alpha - in early July - I reviewed the Big Pharma's Q1'22 earnings and looked ahead to the release of Q2'22 figures. With a 5-year investment, the revenue is expected to be around +88.28%. I am not receiving compensation for it (other than from Seeking Alpha). A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABBV, but not buy additional shares or sell existing shares. For the next eight years, the forecast is for Free Cash Flow to grow by . That is substantially higher than the 12% CAGR achieved between 2018 - 2022, although that period includes the additional revenues from Allergan. ABBV-916 is therefore a real opportunity for AbbVie to develop a more effective and safer drug in the same class and claim a sizeable share of a 6m patient market. Drug development has not traditionally been one of AbbVie's strengths - it has not had to be - but we ought to see the positive results of heavy investment into the oncology pipeline over the next 5-7 years, and by 2030, I believe this division could account for >17% of AbbVie's total revenues. Receive regular, detailed analysis focused on biotech and healthcare stocks. Sign-up to receive the latest news and ratings for AbbVie and its competitors with MarketBeat's FREE daily newsletter. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. Other approved ADC's targeting the c-Met protein, a validated target in NSCLC, include Novartis Tabrecta, which has been pegged for peak sales of ~$1.5bn, which seems a realistic target for Teliso given how large the lung cancer market is - the largest of all oncology markets. To date, the company had invested more than $50 billion into research through more than 250 partnerships. In general, it is important to pay attention to trends, both in the overall market and in the specific sector that a company is in. This could present more profit potential for drugmakers as well as investors. After 2022 Humira's row is shaded yellow to signify patent expiry. AbbVie Inc. is a US-based biopharma company with global operations. Your current $100 investment may be up to $188.28 in 2028. Drug pricing is another issue - there is bipartisan, and international pressure on US Pharmas to reduce drug pricing, particularly outside of the US. Kateryna Onyshchuk/iStock via Getty Images. With Skyrizi and Rinviq - two assets developed in-house - performing so well, however, perhaps we should give management the benefit of the doubt. According to the algorithm-based forecaster Wallet Investor in its Abbvie stock forecast for 2022, the price could reach $169.852 by the end of December, $199.491 by 2023 and $229.304 by 2024. Although investing in AbbVie isn't riskless, it is advisable based on what we know about the company. Receive ABBV Stock News and Ratings via Email. ET comments We expect proof-of-concept data from roughly a dozen additional early stage oncology opportunities over the next couple of years. Finally I can present a target price for AbbVie stock in 2023 using DCF / EBITDA analysis. View AbbVie's Short Interest. The five-year dividend growth rate is just below 18%. Post-spin, AbbVie emerged as a research-based biopharma that has more than doubled in size. American biopharmaceutical company Abbvie (ABBV) has surged nearly 13% year to date (YTD), and 35% year-over-year (YOY), as of 30 June. Excluding items, AbbVie earned $3.31 per share, beating estimates of $3.29 . The company issued revenue guidance of -. Not only do these companies pay handsome dividends, they typically grow revenues every year and generate wide profit margins which leads to share price upside. AbbVie product revenue forecasts to 2030. Psoriatic arthritis is also adding significantly to Skyrizi's momentum, where we are now approved in 54 countries. In most cases, trials are underway for multiple indications, including some therapies that have already been approved for 1 or more conditions. Investors are already flocking there for a chance at 1,000%+ returns. Venclexta - a "first-in-class BCL-2 inhibitor for multiple hematological malignancies", according to Gonzalez, is forecast for strong growth, whilst Gonzalez has name checked 3 new drugs he expects to be approved by 2026. The consensus rating was moderate buy based on 16 analysts ratings, with 10 recommending buy, five hold and sell. I suspect Eye Care is a division AbbVie can turn around given time, and I feel that with regards to oncology, where AbbVie has the strongest pipeline assets - lymphoma bispecific Epcoritamab may be approved to treat large B-cell lymphoma, and peak sales estimates range from $1.5 - $3bn, although AbbVie will not earn all of that since the product is co-developed with Genmab. Their combined revenues are expected to reach $7.5bn in 2022, and Gonzalez told the audience at JPM that: Skyrizi and Rinvoq are now on pace to deliver more than $17.5 billion in combined sales, risk adjusted sales in 2025, well above our previous expectations. Insiders that own company stock include Azita Saleki-Gerhardt, Brian L Durkin, Carlos Alban, Carrie C Strom, Carrie C Strom, Elaine K Sorg, Henry O Gosebruch, Jeffrey Ryan Stewart, Laura J Schumacher, Michael Severino, Perry C Siatis, Richard A Gonzalez, Robert A Michael, Roxanne S Austin, Scott T Reents, Timothy J Richmond and Timothy J Richmond. I will conclude this analysis by stating that, based on all available information, market headwinds and tailwinds, competitors, and opportunities via its products and pipeline, I still consider AbbVie to be a strong investment opportunity.

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