Amgen Stock Forecast

Stock Price Forecast

The 16 analysts that cover Amgen stock have a consensus rating of "Hold" and an average price target of $338.5, which forecasts a -8.31% decrease in the stock price over the next year. The lowest target is $272 and the highest is $400.

Price Target: $338.5 (-8.31%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$272	$338.5	$345	$400
Change	-26.33%	-8.31%	-6.55%	+8.35%

Analyst Ratings

The average analyst rating for Amgen stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26
Strong Buy	2	2	0	0	1	2
Buy	5	5	4	3	3	3
Hold	10	10	10	11	11	11
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	18	18	15	15	16	17

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jasper Hellweg Argus Research	Argus Research	Strong Buy Maintains $360 → $400	Strong Buy	Maintains	$360 → $400	+8.35%	Feb 6, 2026
Vamil Divan Guggenheim	Guggenheim	Hold Maintains $305 → $347	Hold	Maintains	$305 → $347	-6.01%	Feb 6, 2026
Geoff Meacham Citigroup	Citigroup	Hold Maintains $315 → $345	Hold	Maintains	$315 → $345	-6.55%	Feb 4, 2026
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $304 → $309	Hold	Maintains	$304 → $309	-16.30%	Feb 4, 2026
Carter Gould Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $315 → $350	Hold	Maintains	$315 → $350	-5.20%	Feb 4, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

37.82B

from 36.75B

2.90%

from 36.75B

Revenue Next Year

38.91B

from 37.82B

2.88%

from 37.82B

EPS This Year

22.53

from 14.23

58.35%

from 14.23

EPS Next Year

23.34

from 22.53

3.57%

from 22.53

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	25.98B	26.32B	28.19B	33.42B	36.75B	37.82B	38.91B
Revenue Growth	2.18%	1.32%	7.09%	18.57%	9.95%	2.90%	2.88%
EPS	10.28	12.11	12.49	7.56	14.23	22.53	23.34
EPS Growth	-16.49%	17.80%	3.14%	-39.47%	88.23%	58.35%	3.57%
Forward PE	-	-	-	-	-	16.38	15.82
No. Analysts	-	-	-	-	-	35	27

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

Revenue Forecast

Revenue	2026	2027
High	40.2B	43.7B
Avg	37.8B	38.9B
Low	35.4B	36.2B

Revenue Growth

Revenue Growth	2026	2027
High	9.3%	15.6%
Avg	2.9%	2.9%
Low	-3.6%	-4.3%

EPS Forecast

EPS	2026	2027
High	25.71	25.75
Avg	22.53	23.34
Low	19.92	19.66

EPS Growth

EPS Growth	2026	2027
High	80.7%	14.3%
Avg	58.3%	3.6%
Low	40.0%	-12.8%

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.