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What 8 Analyst Ratings Have To Say About AbbVie

BY Benzinga
— 9:05 AM ET 05/23/2022

Within the last quarter, AbbVie NYSE:ABBV has observed the following analyst ratings:

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 0 4 3 1 0
Last 30D 0 0 0 1 0
1M Ago 0 3 0 0 0
2M Ago 0 1 2 0 0
3M Ago 0 0 1 0 0

According to 8 analyst offering 12-month price targets in the last 3 months, AbbVie has an average price target of $169.38 with a high of $200.00 and a low of $140.00.

Below is a summary of how these 8 analysts rated AbbVie over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock

price target chart

This average price target has increased by 11.75% over the past month.

Analyst Ratings: What Are They?

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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    PR Newswire - 8:00 AM ET 05/23/2022
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    Benzinga - 7:01 AM ET 05/23/2022
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