AbbVie (ABBV) - Attractive long-term investment from the healthcare sector
Why $ABBV is an interesting choice:
- The success of new drugs:
- Skyrizi and Rinvoq offset losses from Humira.
- Sales for Skyrizi up 48% and Rinvoq up 59%.
- Promising growth potential for$ABBV :
- The $10 billion acquisition of ImmunoGen and the planned $8.7 billion acquisition of Cerevel Therapeutics.
- CEO Richard A. Gonzalez expects strong growth starting in 2025.
- Over the past three years, AbbVie has generated more than $68 billion in free cash flow.
- Modest valuation and high dividend:
- Shares trade at 15 times future earnings with a PEG ratio of 0.4.
- The dividend yields 3.8%, more than double the S&P 500 average.
🌟 AbbVie is an attractive long-term investment with growth potential and stable returns!💊📈