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AbbVie Inc. (ABBV): A Bull Case Theory

We came across a bullish thesis on AbbVie Inc. (ABBV) on Disruptive analytics’ Substack by Magnus Ofstad. In this article, we will summarize the bulls’ thesis on ABBV. AbbVie Inc. (ABBV)'s share was trading at $171.56 as of Jan 17th. ABBV’s trailing and forward P/E were 59.78 and 14.31 respectively according to Yahoo Finance.

[caption id="attachment_1238886" align="aligncenter" width="768"] A close-up of a biotechnology machine working on an oncology therapy.[/caption]

AbbVie (ABBV) recently experienced a significant setback with the failure of its schizophrenia drug...