AbbVie (ABBV) Price Target Lowered to $235 at Evercore ISI

AbbVie Inc. (NYSE:ABBV) is included among the Top 12 Undervalued Dividend Stocks to Buy Now.

AbbVie (ABBV) Price Target Lowered to $236 at Evercore ISI

AbbVie Inc. (NYSE:ABBV) is a research-based biopharmaceutical company that engages in the research and development, manufacturing, commercializing, and sale of medicines and therapies worldwide.

On May 15, Evercore ISI slightly trimmed its price target on AbbVie Inc. (NYSE:ABBV) from $236 to $235, but maintained its ‘Outperform’ rating on the shares. The lowered target, which still indicates an upside of over 12% from the current price level, comes after the company reported mixed results for its Q1 last month.

AbbVie Inc. (NYSE:ABBV) reported adjusted earnings of $2.65 per share for the first quarter, falling slightly below estimates by $0.02. However, its revenue grew by over 12% YoY to $15 billion and exceeded estimates by $280 million. The strong revenue growth was driven by the demand for the company’s newer immunology drugs Skyrizi and Rinvoq, as ‌it continues to move beyond former top-selling treatment Humira.

AbbVie Inc. (NYSE:ABBV) also raised its full-year 2026 adjusted EPS guidance to ⁠a range ​of $14.08 to $14.28, from $13.96 to $14.16 previously. Moreover, the company now expects total net revenues of approximately $67.3 billion for the year, up from its prior forecast of around $67 billion.

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