Abbott Laboratories riding the wave in the pandemic

ABT’s P/E as of Sep 18 is 35.50x (taking the latest closing price and the most recent earning EPS) compared to the industry level of 38.87x. Expected price to increase towards $117.00. As the pandemic persists and the second wave has quickly increased the need for testing, Abbott Laboratories is shipping out 13 million antibody tests, 6 million molecular lab tests, and 7 million rapid ID NOW tests throughout the US (Orelli B, The Motley Fool, 2020). The latest development of the test is able to shorten the wait time for test results even further, increasing its strength in the industry. We don’t know how long the pandemic will last and how impactful its legacy will impact other industries, but the protective industry will for sure thrive for a while.

back

Abbott Laboratories riding the wave in the pandemic

Sep 20, 2020

bullish

general Analysis

[< 1 min Read]

blog post cover photo

Photo by: Finn IJspeert

ABT’s P/E as of Sep 18 is 35.50x (taking the latest closing price and the most recent earning EPS) compared to the industry level of 38.87x. Expected price to increase towards $117.00. As the pandemic persists and the second wave has quickly increased the need for testing, Abbott Laboratories is shipping out 13 million antibody tests, 6 million molecular lab tests, and 7 million rapid ID NOW tests throughout the US (Orelli B, The Motley Fool, 2020). The latest development of the test is able to shorten the wait time for test results even further, increasing its strength in the industry. We don’t know how long the pandemic will last and how impactful its legacy will impact other industries, but the protective industry will for sure thrive for a while.
page loading card

ABT

Abbott Laboratories

110.22

0
0.00%

Return

3.14%
Change % Since Posting
3.36
Change Since Posting
106.86
Price When Posted

Metrics

117.00
Target Price
8/ 10
Confidence
2-6 Months
Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC
Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

Access the latest tools and discussion channels with an account

reddit-sentiment

Reddit Sentiment
Analysis

portfolio-balancer

Portfolio Balancer
with brokerages

sec-dashboard

SEC Dashboard
with NLP

aiodd-ad
next