What are analysts saying about ABBV

1. **Analyst Ratings and Price Targets**: - The consensus rating for AbbVie (ABBV) is "Buy" with an average price target of $211.29. - This indicates that analysts have a positive outlook on the stock and believe it has the potential for further price appreciation. 2. **Recent Analyst Actions**: - There is no recent information on specific analyst actions for AbbVie. However, the fact that the consensus rating remains "Buy" suggests that analysts are maintaining their positive stance on the stock. 3. **Institutional Investor Activity**: - AbbVie is supported by multiple institutional investors, including Fidelity and UBS, which indicates institutional confidence in the company. - The firm's market capitalization of $193.28 billion also suggests a significant institutional presence. 4. **Earnings and Performance**: - AbbVie's financial performance has been strong, with a recent report of adjusted net income surging 34.4% year-over-year to $445 million. - The company's total revenues for the quarter surged 12.9% year-over-year to $3.8 billion, driven by solid demand across its brands. 5. **Strategic Initiatives and Outlook**: - AbbVie is positioned to benefit from sustainable industry practices and pricing tailwinds, which are expected to drive the industry forward. - The company's strategy includes the introduction of new "megaships" that promise higher earnings before interest, taxes, depreciation, and amortization (EBITDA) and a better return on investment. 6. **Stock Performance and Valuation**: - AbbVie's stock has outpaced the S&P 500 Index's gains over the past year, indicating strong performance relative to the broader market. - The stock's average price target suggests a significant upside from its current price, indicating potential confidence in the company's growth prospects. In conclusion, analysts have a positive outlook on AbbVie, with a "Buy" consensus rating and a high average price target. The company's strong financial performance, strategic positioning, and institutional support suggest a favorable long-term view.