History Says Abbott Stock Could More Than Double by 2036. Here’s Why I Just Added It to My Portfolio.
Abbott has a low-risk profile with significant upside potential.
Overview
Abbott (NYSE:ABT) currently trades for less than $100 a share. A conservative base-case model suggests the healthcare stock could be worth around $210 per share a decade from now. The best part is that doubling doesn't require anything close to optimistic assumptions; it's grounded in Abbott's recent history.
This high upside potential from a low-risk, high-quality dividend stock is why I just added Abbott to my portfolio this week.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.