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StocksHigh ImpactUpdated×9•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

Abbott Acquires Exact Sciences for $23 Billion in Major Diagnostics Deal

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Key Facts

1Abbott Laboratories acquired Exact Sciences for $21 billion, marking the largest diagnostic transaction in two years.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 9about 2 months ago

What changed: The story was updated to reflect analysts lowering Abbott's 2026 earnings outlook despite a Q1 beat, and to include Bank of New York Mellon's better-than-expected Q1 2026 financial results.

Version 8about 2 months ago

What changed: Updated the story to include the new UBS price target, specific growth metrics for Medical Devices and Diabetes segments, revised full-year earnings guidance, and year-to-date stock performance.

Version 7about 2 months ago

What changed: Updated the story to include BTIG raising the price target to $131 and management's guidance for accelerated sales growth in the second half of the year.

Version 6about 2 months ago

What changed: Updated to reflect the 3.2% share price drop, the marginal earnings beat, and the company's warning regarding a hit to the 2026 earnings outlook.

Version 5about 2 months ago

What changed: Abbott lowered its annual profit guidance due to acquisition costs and weaker diagnostic sales caused by a mild flu season.

Version 4about 2 months ago

What changed: New analyst coverage introduces a $126 price target and identifies a 10-year low valuation entry point, while quantifying the specific $0.20 EPS dilution expected in 2026 from the acquisition.

Version 3about 2 months ago

What changed: Updated with actual Q1 revenue figures, softer Q2 earnings guidance, and the confirmed closing date of the Exact Sciences acquisition.

Version 2about 2 months ago

What changed: Updated the story to reflect a 4% stock decline and identified specific drivers including margin pressure and weakness in the Nutrition segment.

Version 1about 2 months ago

What changed: Updated the acquisition value to $23 billion and added details regarding the 3.2% share price drop driven by a lowered 2026 outlook and the dilutive impact of the deal.

Abbott Laboratories continues to navigate market shifts as UBS analysts maintain a $115.00 price target despite a recent revision in long-term guidance. Although Abbott's Q1 2026 earnings beat initial estimates, analysts have slashed the company's full-year 2026 earnings outlook below previous expectations. The company remains focused on integrating its $23 billion acquisition of Exact Sciences, supported by a 13.2% growth in its Medical Devices segment. Meanwhile, Bank of New York Mellon (BK) reported first-quarter 2026 financial results that exceeded market expectations, signaling strength in the broader financial services sector. Investors are weighing Abbott's strong divisional performance against the lowered long-term earnings forecasts.