Amgen Inc. (AMGN)

Amgen Stock Forecast

Stock Price Forecast

The 17 analysts that cover Amgen stock have a consensus rating of "Buy" and an average price target of $326.94, which forecasts a 10.73% increase in the stock price over the next year. The lowest target is $272 and the highest is $405.

Price Target: $326.94 (+10.73%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$272	$326.94	$319	$405
Change	-7.88%	+10.73%	+8.04%	+37.16%

Analyst Ratings

The average analyst rating for Amgen stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	3	3	2	2	2	2
Buy	6	6	6	5	5	5
Hold	10	10	10	9	10	10
Sell	2	2	2	2	1	1
Strong Sell	0	0	0	0	0	0
Total	21	21	20	18	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tim Anderson B of A Securities	B of A Securities	Sell Maintains $261 → $272	Sell	Maintains	$261 → $272	-7.88%	Sep 26, 2025
Gary Nachman Raymond James	Raymond James	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Sep 3, 2025
David Amsellem Piper Sandler	Piper Sandler	Buy Maintains $328 → $342	Buy	Maintains	$328 → $342	+15.83%	Aug 25, 2025
Geoff Meacham Citigroup	Citigroup	Hold Maintains $305 → $310	Hold	Maintains	$305 → $310	+4.99%	Aug 6, 2025
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $330 → $333	Hold	Maintains	$330 → $333	+12.78%	Aug 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

36.41B

Increased by 8.94%

from 33.42B

Revenue Next Year

37.03B

Increased by 1.69%

from 36.41B

EPS This Year

21.49

Increased by 184.32%

from 7.56

EPS Next Year

22.04

Increased by 2.52%

from 21.49

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	25.42B	25.98B	26.32B	28.19B	33.42B	36.41B	37.03B
Revenue Growth	8.83%	2.18%	1.32%	7.09%	18.57%	8.94%	1.69%
EPS	12.31	10.28	12.11	12.49	7.56	21.49	22.04
EPS Growth	-4.43%	-16.49%	17.80%	3.14%	-39.47%	184.32%	2.52%
Forward PE	-	-	-	-	-	13.74	13.40
No. Analysts	-	-	-	-	-	34	34

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	38.0B	39.8B
Avg	36.4B	37.0B
Low	34.6B	34.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	13.7%	9.3%
Avg	8.9%	1.7%
Low	3.4%	-6.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	22.70	24.36
Avg	21.49	22.04
Low	20.23	19.90

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	200.3%	13.3%
Avg	184.3%	2.5%
Low	167.6%	-7.4%

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.