Amgen Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Amgen stock have an average target of 324.32, with a low estimate of 215 and a high estimate of 405. The average target predicts an increase of 9.67% from the current stock price of 295.72.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$215	$324.32	$324	$405
Change	-27.29%	+9.67%	+9.56%	+36.96%

Analyst Ratings

The average analyst rating for Amgen stock from 20 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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	5	5	4	3	3	3
Buy	6	6	7	7	7	7
Hold	10	9	9	9	9	8
Sell	1	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	22	22	22	21	21	20

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Colin Bristow UBS	UBS	Hold Maintains $315 → $319	Hold	Maintains	$315 → $319	+7.87%	Apr 14, 2025
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $328 → $330	Hold	Maintains	$328 → $330	+11.59%	Apr 9, 2025
Tim Anderson B of A Securities	B of A Securities	Sell Maintains $275 → $294	Sell	Maintains	$275 → $294	-0.58%	Mar 5, 2025
David Amsellem Piper Sandler	Piper Sandler	Buy Maintains $310 → $329	Buy	Maintains	$310 → $329	+11.26%	Feb 10, 2025
Tim Anderson B of A Securities	B of A Securities	Sell Maintains $256 → $275	Sell	Maintains	$256 → $275	-7.01%	Feb 6, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

35.89B

from 33.42B

7.36%

from 33.42B

Revenue Next Year

36.71B

from 35.89B

2.30%

from 35.89B

EPS This Year

21.08

from 7.56

178.77%

from 7.56

EPS Next Year

22.06

from 21.08

4.67%

from 21.08

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	25.42B	25.98B	26.32B	28.19B	33.42B	35.89B	36.71B	37.71B
Revenue Growth	8.83%	2.18%	1.32%	7.09%	18.57%	7.36%	2.30%	2.73%
EPS	12.31	10.28	12.11	12.49	7.56	21.08	22.06	22.66
EPS Growth	-4.43%	-16.49%	17.80%	3.14%	-39.47%	178.77%	4.67%	2.72%
Forward PE	-	-	-	-	-	14.03	13.40	13.05
No. Analysts	-	-	-	-	-	33	32	22

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

Revenue Forecast

Revenue	2025	2026	2027
High	37.7B	40.6B	46.0B
Avg	35.9B	36.7B	37.7B
Low	33.9B	33.8B	33.5B

Revenue Growth

Revenue Growth	2025	2026	2027
High	12.8%	13.1%	25.2%
Avg	7.4%	2.3%	2.7%
Low	1.5%	-5.8%	-8.8%

EPS Forecast

EPS	2025	2026	2027
High	22.27	24.71	26.54
Avg	21.08	22.06	22.66
Low	19.66	19.04	19.14

EPS Growth

EPS Growth	2025	2026	2027
High	194.6%	17.2%	20.3%
Avg	178.8%	4.7%	2.7%
Low	160.0%	-9.7%	-13.2%

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.