Amgen Inc. (AMGN)
NASDAQ: AMGN · Real-Time Price · USD
319.10
+6.24 (1.99%)
At close: Sep 26, 2024, 4:00 PM
319.77
+0.67 (0.21%)
After-hours: Sep 26, 2024, 6:13 PM EDT
Amgen Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Amgen stock have an average target of 317.68, with a low estimate of 215 and a high estimate of 381. The average target predicts a decrease of -0.45% from the current stock price of 319.10.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Amgen stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 7 | 7 | 6 |
| Buy | 6 | 6 | 6 | 6 | 5 | 5 |
| Hold | 7 | 8 | 8 | 8 | 9 | 9 |
| Sell | 1 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 21 | 21 | 21 | 21 | 21 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Buy Reiterates $362 | Buy | Reiterates | $362 | +13.44% | Sep 26, 2024 |
| Baird | Baird | Sell Reiterates $215 | Sell | Reiterates | $215 | -32.62% | Sep 25, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $360 → $381 | Strong Buy | Maintains | $360 → $381 | +19.40% | Aug 7, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $380 | Buy | Maintains | $380 | +19.08% | Aug 7, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Reiterates $310 → $305 | Hold | Reiterates | $310 → $305 | -4.42% | Aug 7, 2024 |
Financial Forecast
Revenue This Year
33.86B
from 28.19B
Increased by 20.10%
Revenue Next Year
34.80B
from 33.86B
Increased by 2.79%
EPS This Year
19.88
from 12.49
Increased by 59.19%
EPS Next Year
20.94
from 19.88
Increased by 5.30%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 35.4B | 38.5B | 41.7B | ||
| Avg | 33.9B | 34.8B | 35.4B | ||
| Low | 32.0B | 31.9B | 31.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 25.7% | 13.8% | 19.9% | ||
| Avg | 20.1% | 2.8% | 1.9% | ||
| Low | 13.4% | -5.8% | -9.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.16 | 24.20 | 25.94 | ||
| Avg | 19.88 | 20.94 | 21.76 | ||
| Low | 18.79 | 17.49 | 18.20 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 69.4% | 21.7% | 23.9% | ||
| Avg | 59.2% | 5.3% | 3.9% | ||
| Low | 50.4% | -12.0% | -13.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.