AbbVie Inc's stock rose by 3.65% as it reached a 20-day high, reflecting positive investor sentiment in the health sector.
The increase is attributed to AbbVie's recent approval from Health Canada for its drug MAVIRET to treat hepatitis C, enhancing treatment options for patients and potentially expanding the company's market share in Canada. This approval allows healthcare providers to initiate treatment immediately upon diagnosis, improving patient outcomes and aligning with the growing demand for effective hepatitis treatments.
This development not only strengthens AbbVie's position in the competitive pharmaceutical market but also highlights the company's commitment to addressing critical health needs, which could lead to further growth opportunities in the future.
Wall Street analysts forecast ABBV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ABBV is 253.26 USD with a low forecast of 218.00 USD and a high forecast of 289.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
22 Analyst Rating
Wall Street analysts forecast ABBV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ABBV is 253.26 USD with a low forecast of 218.00 USD and a high forecast of 289.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Buy
7 Hold
0 Sell
Moderate Buy
Current: 220.770
Low
218.00
Averages
253.26
High
289.00
Current: 220.770
Low
218.00
Averages
253.26
High
289.00
Citi
Neutral
downgrade
$235 -> $230
2026-01-27
New
Reason
Citi
Price Target
$235 -> $230
AI Analysis
2026-01-27
New
downgrade
Neutral
Reason
Citi lowered the firm's price target on AbbVie to $230 from $235 and keeps a Neutral rating on the shares. The firm adjusted targets in the biopharma group as part of a Q4 preview. Estimates that are "beatable" and lower policy risk should create a favorable setup in 2026 for the group, the analyst tells investors in a research note.
Berenberg
Buy
maintain
$270 -> $275
2026-01-20
Reason
Berenberg
Price Target
$270 -> $275
2026-01-20
maintain
Buy
Reason
Berenberg raised the firm's price target on AbbVie to $275 from $270 and keeps a Buy rating on the shares. The firm upped its forecasts for AbbVie's Skyrizi and Rinvoq citing an "exceptional" growth outlook.
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Wedbush
Outperform
upgrade
$80 -> $147
2026-01-09
Reason
Wedbush
Price Target
$80 -> $147
2026-01-09
upgrade
Outperform
Reason
Wedbush raised the firm's price target on Revolution Medicines (RVMD) to $147 from $80 and keeps an Outperform rating on the shares. The firm notes that several news outlets have reported that Revolution is in talks with multiple parties to be acquired, including AbbVie (ABBV) and most recently Merck (MRK) who reported a valuation of between $28B and $32B was being discussed, but a deal was maybe not imminent and could take a few weeks to be finalized. Given the evolving news cycle, Wedbush is assuming the Financial Times report on Merck is likely accurate.
Wolfe Research
Outperform -> Peer Perform
downgrade
2026-01-08
Reason
Wolfe Research
Price Target
2026-01-08
downgrade
Outperform -> Peer Perform
Reason
Wolfe Research downgraded AbbVie to Peer Perform from Outperform.
About ABBV
AbbVie Inc. is a global, diversified research-based biopharmaceutical company. It is engaged in research and development, manufacturing, commercialization and sale of medicines and therapies. Its product portfolio includes Immunology, Oncology, Aesthetics, Neuroscience, Eye Care and Other Key Products. Immunology products include rheumatology, dermatology and gastroenterology. Oncology products include Imbruvica, Venclexta/Venclyxto, Elahere and Epkinly. Aesthetics portfolio consists of facial injectables, plastics and regenerative medicine, body contouring, and skincare products. Its Neuroscience products include Botox Therapeutic, Vraylar, Duopa and Duodopa, Ubrelvy, and Qulipta. Eye Care products include Ozurdex, Lumigan/Ganfort, Alphagan/Combigan, Restasis, and other eye care. Other key products include Mavyret/Maviret, Creon, and Linzess/Constella. Its investigational candidate, bretisilocin, is for the treatment of patients with moderate-to-severe major depressive disorder (MDD).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
