Amgen Inc. (AMGN)

Amgen Stock Forecast

Stock Price Forecast

The 14 analysts that cover Amgen stock have a consensus rating of "Hold" and an average price target of $322.64, which forecasts a -6.41% decrease in the stock price over the next year. The lowest target is $272 and the highest is $381.

Price Target: $322.64 (-6.41%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$272	$322.64	$319	$381
Change	-21.10%	-6.41%	-7.47%	+10.51%

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	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25	Jan '26
Strong Buy	2	2	2	0	0	1
Buy	5	5	5	3	2	2
Hold	9	10	10	10	11	11
Sell	2	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	18	18	18	14	14	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Courtney Breen Bernstein	Bernstein	Buy → Hold Downgrades $335	Buy → Hold	Downgrades	$335	-2.83%	Jan 20, 2026
Gregory Renza Truist Securities	Truist Securities	Hold Maintains $318 → $319	Hold	Maintains	$318 → $319	-7.47%	Jan 8, 2026
Michael Yee UBS	UBS	Hold → Strong Buy Initiates $317 → $380	Hold → Strong Buy	Initiates	$317 → $380	+10.22%	Jan 7, 2026
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $329 → $304	Hold	Maintains	$329 → $304	-11.82%	Dec 12, 2025
Mohit Bansal Wells Fargo	Wells Fargo	Hold Maintains $300 → $325	Hold	Maintains	$300 → $325	-5.73%	Dec 10, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

37.04B

Increased by 10.82%

from 33.42B

Revenue Next Year

37.68B

Increased by 1.73%

from 37.04B

EPS This Year

21.70

Increased by 187.08%

from 7.56

EPS Next Year

22.43

Increased by 3.34%

from 21.70

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	37.04B	37.68B
Revenue Growth	8.83%	2.18%	1.32%	7.09%	18.57%	10.82%	1.73%
EPS	12.31	10.28	12.11	12.49	7.56	21.70	22.43
EPS Growth	-4.43%	-16.49%	17.80%	3.14%	-39.47%	187.08%	3.34%
Forward PE	-	-	-	-	-	15.88	15.37
No. Analysts	-	-	-	-	-	36	35

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	38.6B	40.2B
Avg	37.0B	37.7B
Low	35.2B	35.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	15.5%	8.5%
Avg	10.8%	1.7%
Low	5.2%	-5.4%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	23.42	25.71
Avg	21.70	22.43
Low	20.19	19.92

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	209.7%	18.5%
Avg	187.1%	3.3%
Low	167.0%	-8.2%

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.