1 Wall Street Analyst Thinks AbbVie Stock Is Going to $200. Is It a Buy at Around $165?

Wall Street is feeling pretty good about 's (NYSE: ABBV) performance in 2024 so far.

Louise Chen from Cantor Fitzgerald recently initiated coverage on the stock with an overweight rating. Chen also slapped a $200 price target on the pharma stock, which implies a gain of more than 20% from recent prices.

The positive rating is more than a little surprising because AbbVie's lead drug, Humira, lost its market exclusivity in the U.S. last year.

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Source Fool.com