Amgen Stock Forecast

Stock Price Forecast

The 19 analysts with 12-month price forecasts for Amgen stock have an average target of 306.68, with a low estimate of 200 and a high estimate of 360. The average target predicts a decrease of -1.32% from the current stock price of 310.77.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$200	$306.68	$318	$360
Change	-35.64%	-1.32%	+2.33%	+15.84%

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	Jan '24	Feb '24	Mar '24	Apr '24	May '24	Jun '24
Strong Buy	5	6	6	7	7	7
Buy	8	7	6	6	6	6
Hold	6	6	7	7	8	8
Sell	1	1	1	1	0	0
Strong Sell	0	0	0	0	0	0
Total	20	20	20	21	21	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Toung Argus Research	Argus Research	Strong Buy Maintains $300 → $340	Strong Buy	Maintains	$300 → $340	+9.41%	Jun 27, 2024
Gregory Renza RBC Capital	RBC Capital	Buy Maintains $328 → $332	Buy	Maintains	$328 → $332	+6.83%	Jun 14, 2024
Salim Syed Mizuho	Mizuho	Hold Maintains $223 → $235	Hold	Maintains	$223 → $235	-24.38%	May 9, 2024
Gregory Renza RBC Capital	RBC Capital	Buy Maintains $332 → $328	Buy	Maintains	$332 → $328	+5.54%	May 3, 2024
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $271 → $310	Hold	Maintains	$271 → $310	-0.25%	May 3, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

33.66B

from 28.19B

19.40%

from 28.19B

Revenue Next Year

34.62B

from 33.66B

2.84%

from 33.66B

EPS This Year

19.85

from 12.49

58.95%

from 12.49

EPS Next Year

20.85

from 19.85

5.03%

from 19.85

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	23.36B	25.42B	25.98B	26.32B	28.19B	33.66B	34.62B	35.37B	35.82B	35.98B
Revenue Growth	-1.62%	8.83%	2.18%	1.32%	7.09%	19.40%	2.84%	2.17%	1.29%	0.44%
EPS	12.88	12.31	10.28	12.11	12.49	19.85	20.85	21.88	22.05	22.44
EPS Growth	2.06%	-4.43%	-16.49%	17.80%	3.14%	58.95%	5.03%	4.93%	0.78%	1.76%
Forward PE	-	-	-	-	-	15.65	14.90	14.20	14.09	13.85
No. Analysts	-	-	-	-	-	31	31	26	16	16

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	35.6B	37.7B	41.7B	39.2B	40.3B
Avg	33.7B	34.6B	35.4B	35.8B	36.0B
Low	31.9B	31.4B	31.3B	30.6B	28.7B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	26.2%	12.1%	20.5%	10.7%	12.6%
Avg	19.4%	2.8%	2.2%	1.3%	0.4%
Low	13.2%	-6.8%	-9.5%	-13.5%	-19.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	21.09	24.50	27.49	25.64	27.31
Avg	19.85	20.85	21.88	22.05	22.44
Low	18.70	17.82	17.29	17.67	17.37

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	68.9%	23.4%	31.8%	17.2%	23.9%
Avg	58.9%	5.0%	4.9%	0.8%	1.8%
Low	49.7%	-10.3%	-17.1%	-19.2%	-21.2%

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.