High-Yield AbbVie Gains Momentum: A 20% Upside Is in Sight

The story with AbbVie NYSE: ABBV in 2024 is that it fell off a patent cliff but survived. It survived and continues to thrive because of its strengths in its core immunology portfolio and diversification efforts. While Humira sales continue to flag, falling more than expected in Q3, sales of Rinvoq and Skyrizi are ramping and more than make up the difference. Sales in other segments, including oncology and neurology, also underpin the pharmaceutical company’s growth and are expected to remain strong, if not ...