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AbbVie shows strong Q1 growth but faces challenges; $300 stock target by 2030 is possible with key drivers.

Company Fundamentals
16 Jun 2026
24/7 Wall Street
View Source
Bullish
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AbbVie reported strong Q1 2026 results with immunology revenue rising 12.4% year-over-year, led by Skyrizi and Rinvoq growth. Despite a 46% net income drop due to a large R&D charge and declines in older drugs like Humira, the company’s pipeline and new drug momentum support long-term growth. Analysts see about 14% upside in the next year, but a $300 share price by 2030 is feasible if key drugs maintain growth and R&D charges normalize. The stock currently trades at a low forward P/E of 17x, making the multi-year target realistic if risks like legacy drug erosion are managed.

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