Abbott (ABT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Abbott gains Health Canada approval for its i-STAT TBI test, enabling rapid bedside concussion detection via whole blood.
In the most recent trading session, Abbott (ABT) closed at $134.01, indicating a -1.19% shift from the previous trading day.
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Abbott (ABT) closed at $132.96 in the latest trading session, marking a -0.56% move from the prior day.
Abbott (ABT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
ABT sees a 21.6% jump in CGM sales and growing global diagnostics demand, while FX and macro pressure temper its outlook.
Abbott (ABT) closed the most recent trading day at $132.85, moving +0.63% from the previous trading session.
ABT wins FDA approval for its Tendyne TMVR system, offering a minimally invasive mitral valve replacement for high-risk patients with severe MAC.
Abbott remains a Buy at $131 for its steady cash flow, strong fundamentals, and long-term healthcare growth, despite short-term revenue concerns. Wall Street underestimates ABT's operational discipline, product pipeline, and ability to manage legal and macro risks, supporting its premium valuation. Risks include legal issues, reimbursement cuts, product recalls, and FX volatility, but the company's track record and cash reserves provide confidence.