Abbott Laboratories logo ABT - Abbott Laboratories

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 31
HOLD 10
SELL 0
STRONG
SELL
0
| PRICE TARGET: $121.25 DETAILS
HIGH: $145.00
LOW: $92.00
MEDIAN: $120.50
CONSENSUS: $121.25
UPSIDE: 29.09%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Stable Earnings Power 80% confidence

Primary model: P/Adj-EPS × Normalized Multiple

Valuation Signal Overvalued Moderate
Trading 20.4% above fair value
Current Price $93.93
Bear Case $62.40 33.6% downside ($62.40 - $93.93) / $93.93 = -33.6% $3.96 × 12x P/E
Fair Value $78.00 17.0% downside ($78.00 - $93.93) / $93.93 = -17.0% $3.96 × 15x P/E
Bull Case $93.60 0.4% downside ($93.60 - $93.93) / $93.93 = -0.4% $3.96 × 18x P/E

Adjust Assumptions

15.0x
3.96$

Key Value Driver

Normalized P/E multiple (15x base case)

Implied Market Multiple 23.7x

Plain-Language Summary

Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $121.25 from 41 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $78.00 per share.

Warnings

Dividend-based valuation: $126.44 (above our primary estimate by 113%). Large gaps may signal the dividend doesn't reflect full earning power.
Wall Street's average price target is $121.25 (from 41 analysts). Our estimate is 51% below the consensus -- consider that gap carefully.

Key Risks

  • Growth DCF inappropriate — terminal value assumptions dominate
  • EV/EBITDA misleading for regulated businesses where capex is mandated
  • Regulatory risk is a fat tail not visible in normal multiples