Buffett Steps Down as CEO of Berkshire Hathaway, Continues to Influence Investment Decisions
Written by Emily J. Thompson, Senior Investment Analyst
Source: Fool
- Leadership Transition: Warren Buffett has stepped down as CEO of Berkshire Hathaway for the first time in sixty years, yet he remains chairman of the board, continuing to influence major decisions and ensuring strategic continuity and stability for the company.
- Investment Wisdom Legacy: Buffett's two-step investment test outlined in his 2013 letter to shareholders emphasizes the importance of reasonably projecting earnings for the next five years, aiding investors in making informed decisions in a complex market and enhancing their chances of success.
- Stock Selection Criteria: Buffett advises investors to focus only on stocks within their
Analyst Views on ABBV
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 248.67 USD with a low forecast of 204.00 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.
24 Analyst Rating
15 Buy
9 Hold
0 Sell
Moderate Buy
Current: 220.180
Low
204.00
Averages
248.67
High
289.00
Current: 220.180
Low
204.00
Averages
248.67
High
289.00
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.
