AbbVie (ABBV) Stock Forecast & Price Target

$175.58 +4.06 (+2.37%)

(As of 12/20/2024 05:45 PM ET)

AbbVie - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 24 Analyst Ratings

Sell
0

Hold
5

Buy
19

Based on 24 Wall Street analysts who have issued ratings for AbbVie in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 24 analysts, 5 have given a hold rating, 17 have given a buy rating, and 2 have given a strong buy rating for ABBV.

Consensus Price Target

$205.70
17.15% Upside

According to the 24 analysts' twelve-month price targets for AbbVie, the average price target is $205.70. The highest price target for ABBV is $225.00, while the lowest price target for ABBV is $180.00. The average price target represents a forecasted upside of 17.15% from the current price of $175.58.

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ABBV Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	12 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	9 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$205.70	$203.37	$191.64	$167.59
Forecasted Upside	17.15% Upside	18.11% Upside	-0.94% Downside	8.16% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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ABBV Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

ABBV Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

AbbVie Stock vs. The Competition

Type	AbbVie	Medical Companies	S&P 500
Consensus Rating Score	2.88	2.81	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	17.15% Upside	25,828.59% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent ABBV News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/17/2024	Piper Sandler Companies 5 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$220.00	+25.13%
12/10/2024	Bank of America 3 of 5 stars		Reiterated Rating	Neutral	$191.00	+8.14%
12/5/2024	Daiwa America 0 of 5 stars	N. Nakagiri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
12/5/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$180.00	+1.95%
11/22/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Risinger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
11/22/2024	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$206.00	+19.64%
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11/19/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$195.00	+17.80%
11/15/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Hammond Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$205.00	+20.85%
11/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$210.00 ➝ $200.00	+16.74%
11/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Verdult Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$226.00 ➝ $215.00	+24.27%
11/12/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$228.00 ➝ $208.00	+18.74%
11/12/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$231.00 ➝ $224.00	+28.41%
11/6/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$212.00 ➝ $221.00	+9.36%
11/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Toung Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
10/31/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$195.00 ➝ $200.00	-1.87%
10/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Breen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$203.00	+6.58%
10/10/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$210.00 ➝ $215.00	+10.49%
10/7/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$200.00 ➝ $212.00	+9.75%
10/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$195.00 ➝ $225.00	+16.22%
8/30/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Phipps Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/5/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	L. Chen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$200.00 ➝ $200.00	+8.40%
6/5/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$185.00	+14.08%
2/5/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$181.00 ➝ $189.00	+12.05%
12/11/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$173.00	+15.89%
11/9/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$150.00	+5.60%
7/12/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$170.00 ➝ $160.00	+18.02%
2/10/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$157.00 ➝ $154.00	+1.83%
2/10/2023	SVB Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform	$135.00 ➝ $153.00	+2.89%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:50 PM ET.

Should I Buy AbbVie Stock? ABBV Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 15, 2024. Please send any questions or comments about these AbbVie pros and cons to contact@marketbeat.com.

AbbVie
Bull Case

Here are some ways that investors could benefit from investing in AbbVie:

AbbVie has a strong market capitalization of approximately $308.14 billion, indicating a robust financial position and stability in the market.
The company reported earnings of $3.00 per share, exceeding analyst expectations, which reflects strong operational performance and profitability.
AbbVie has a diverse portfolio of products, including recent innovations that contribute to its revenue growth, with quarterly revenue reported at $14.46 billion.
Current stock price is around $174.37, which may present a buying opportunity for investors looking for value in a well-established company.
Institutional ownership stands at 70.23%, suggesting confidence from large investors in AbbVie’s long-term prospects.

AbbVie
Bear Case

Investors should be bearish about investing in AbbVie for these reasons:

AbbVie has a high price-to-earnings (P/E) ratio of 60.81, which may indicate that the stock is overvalued compared to its earnings, potentially leading to a price correction.
The company has a debt-to-equity ratio of 9.64, suggesting a high level of debt relative to equity, which could pose risks in times of economic downturns.
Recent price target reductions by analysts, with Citigroup lowering its target from $226.00 to $215.00, may indicate a bearish outlook on the stock's future performance.
AbbVie’s stock has shown volatility, with a recent trading range between a twelve-month low of $151.29 and a high of $207.32, which could deter risk-averse investors.
Concerns about the sustainability of revenue growth, as the company faces competition and potential patent expirations on key products, could impact future earnings.

ABBV Forecast - Frequently Asked Questions

: According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for AbbVie is $205.70, with a high forecast of $225.00 and a low forecast of $180.00.
: 24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AbbVie in the last year. There are currently 5 hold ratings, 17 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ABBV shares.
: According to analysts, AbbVie's stock has a predicted upside of 17.15% based on their 12-month stock forecasts.
: Over the previous 90 days, AbbVie's stock had 3 upgrades and 2 downgrades by analysts.
: AbbVie has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Citigroup, Daiwa America, Daiwa Capital Markets, Guggenheim, JPMorgan Chase & Co., Leerink Partners, Leerink Partnrs, Morgan Stanley, Piper Sandler, Piper Sandler Companies, Sanford C. Bernstein, TD Cowen, Truist Financial, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like AbbVie more than other "medical" companies. The consensus rating score for AbbVie is 2.88 while the average consensus rating score for "medical" companies is 2.81. Learn more on how ABBV compares to other companies.

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This page (NYSE:ABBV) was last updated on 12/21/2024 by MarketBeat.com Staff

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AbbVie (ABBV) Stock Forecast & Price Target