AbbVie Inc.

ABBV · NYSE

Company research

AbbVie Inc. (NYSE: ABBV) is a global, research-based biopharmaceutical company headquartered in North Chicago, Illinois, that was spun off from Abbott Laboratories in January 2013 and is led by CEO Robert A. Michael. With approximately 57,000 employees and a market capitalization exceeding $406 billion, AbbVie focuses on the discovery, development, manufacturing, and commercialization of innovative medicines across key therapeutic areas including immunology, oncology, neuroscience, aesthetics, eye care, virology, and women's health. The company's expansive portfolio features blockbuster products such as HUMIRA, SKYRIZI, and RINVOQ in immunology — the segment generating $26.68 billion in revenue in 2024 — alongside oncology offerings like IMBRUVICA and VENCLEXTA, and the aesthetics portfolio anchored by Botox, acquired through its 2020 purchase of Allergan. In 2024, AbbVie ranked fourth globally among pharmaceutical companies by revenue at $56.33 billion, and further bolstered its pipeline through the acquisitions of Cerevel Therapeutics in neuroscience and ImmunoGen in oncology, with its products sold in more than 170 countries worldwide.

Research reports

Margin Of Insight · May 11, 2026AbbVie Inc. (ABBV) — Equity Research

Margin of Insight’s primer argues AbbVie has delivered the most successful post-Humira patent transition in biopharma, with Skyrizi and Rinvoq already surpassing peak Humira sales and management guiding 2026 revenue to about $67 billion and adjusted EPS to roughly $14.4–14.6. It highlights a 14x forward P/E, a roughly 3.2% dividend yield and sell-side targets in the $230–$250 range as the core upside drivers, while flagging eventual Skyrizi/Rinvoq loss of exclusivity, Medicare IRA pricing on Imbruvica, aesthetics softness and elevated debt as key long-term risks.

Ultra Stock Analysis Pro · May 1, 2026AbbVie Inc. (ABBV) - ANALYST REPORT

Ultra Stock Analysis Pro assigns a buy rating on AbbVie with an average analyst target of about $249 per share, implying roughly 21% upside from the report’s $206.60 reference price, and bases its constructive view on a 55.6% backtested win rate, +40.8% total return, a 12.8x forward P/E, double‑digit revenue growth and high (≈76.5%) institutional ownership. It complements this thesis with detailed technical metrics, news-sentiment analysis and a comprehensive risk framework around earnings volatility, trend strength and ATR-based stop-loss positioning, while still recommending a hold stance pending stronger technical “confluence” signals.

Balfour Capital Group · November 24, 2025AbbVie Inc. (ABBV) Research

Balfour Capital Group’s research note presents AbbVie as a diversified immunology-led biopharmaceutical company with Q3 2025 revenue of about $14.6 billion and an outlook for mid‑ to high‑single‑digit EPS growth through 2026–2027, driven by Skyrizi, Rinvoq, recovering aesthetics and stable neuroscience and oncology contributions. It emphasizes strong institutional ownership (≈72%), consensus buy recommendations with average price targets around $190–$210 and the expectation that Skyrizi and Rinvoq will exceed Humira’s peak by 2027, while acknowledging ongoing Humira biosimilar headwinds and typical large-cap pharma risks such as regulatory changes and pipeline execution.

DBS Group Research (DBS Bank Hong Kong) · September 5, 2025US EQUITY RESEARCH – AbbVie Inc

DBS maintains a hold rating on AbbVie with a 12‑month target price of $208, derived from about 15.4x 2025 forecast EPS, framing the stock as fairly valued after a successful shift from Humira toward high-growth immunology assets Skyrizi and Rinvoq and a rapidly expanding neuroscience franchise that together are driving double‑digit revenue and EPS growth. The report highlights robust free cash flow, disciplined SG&A and R&D spending and strong margins as positives, but balances them against tariff exposure (including a 15% US–EU pharma duty), biosimilar erosion in oncology, macro-sensitive aesthetics demand and near‑term margin dilution from heavy late‑stage pipeline investment, leading to a broadly balanced risk–reward profile.

Documents

MorningstarAbbVie: Apogee Acquisition Brings Significant Weight to Immunology Pipeline
MorningstarAbbVie Earnings: Shares Remain Fairly Valued; Immunology Portfolio and Pipeline Look Solid
MorningstarAbbVie Earnings: Maintaining Our FVE as Skyrizi Holds Steady Share Despite Competition
MorningstarAbbVie Earnings: Solid Immunology and Neuroscience Growth, but Aesthetics Headwinds Persist
MorningstarAbbVie's Refreshed Portfolio of Immunology Therapies Supports a Wide Moat
MorningstarAbbVie Earnings: Continued Impressive Demand for Skyrizi, Neuroscience Portfolio Support Growth
MorningstarBiopharma Industry: Latest Executive Order Threatens Broad Cut to US Drug Prices