Amgen Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Amgen stock have an average target of 329.05, with a low estimate of 215 and a high estimate of 405. The average target predicts an increase of 24.93% from the current stock price of 263.38.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$215	$329.05	$335	$405
Change	-18.37%	+24.93%	+27.19%	+53.77%

Analyst Ratings

The average analyst rating for Amgen stock from 22 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	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	7	7	6	4	5	5
Buy	6	5	6	6	6	6
Hold	8	9	9	9	10	9
Sell	0	0	1	1	1	2
Strong Sell	0	0	0	0	0	0
Total	21	21	22	20	22	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tim Anderson B of A Securities	B of A Securities	Sell Initiates $256	Sell	Initiates	$256	-2.80%	Dec 10, 2024
Gregory Renza RBC Capital	RBC Capital	Buy Maintains $360 → $330	Buy	Maintains	$360 → $330	+25.29%	Nov 27, 2024
Tim Anderson Wolfe Research	Wolfe Research	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Nov 15, 2024
Geoff Meacham Citigroup	Citigroup	Hold Initiates $335	Hold	Initiates	$335	+27.19%	Nov 14, 2024
Michael Yee Jefferies	Jefferies	Strong Buy Maintains $380	Strong Buy	Maintains	$380	+44.28%	Nov 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

33.84B

from 28.19B

20.04%

from 28.19B

Revenue Next Year

34.99B

from 33.84B

3.41%

from 33.84B

EPS This Year

19.97

from 12.49

59.87%

from 12.49

EPS Next Year

21.06

from 19.97

5.45%

from 19.97

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	23.36B	25.42B	25.98B	26.32B	28.19B	33.84B	34.99B	35.60B
Revenue Growth	-1.62%	8.83%	2.18%	1.32%	7.09%	20.04%	3.41%	1.74%
EPS	12.88	12.31	10.28	12.11	12.49	19.97	21.06	21.70
EPS Growth	2.06%	-4.43%	-16.49%	17.80%	3.14%	59.87%	5.45%	3.03%
Forward PE	-	-	-	-	-	13.19	12.51	12.14
No. Analysts	-	-	-	-	-	35	34	28

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

Revenue Forecast

Revenue	2024	2025	2026
High	35.2B	37.4B	40.8B
Avg	33.8B	35.0B	35.6B
Low	32.2B	32.0B	32.5B

Revenue Growth

Revenue Growth	2024	2025	2026
High	24.9%	10.6%	16.6%
Avg	20.0%	3.4%	1.7%
Low	14.3%	-5.3%	-7.1%

EPS Forecast

EPS	2024	2025	2026
High	21.35	24.59	26.03
Avg	19.97	21.06	21.70
Low	18.84	17.58	18.19

EPS Growth

EPS Growth	2024	2025	2026
High	70.9%	23.2%	23.6%
Avg	59.9%	5.5%	3.0%
Low	50.8%	-12.0%	-13.6%

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.