Amgen Inc. (AMGN)
NASDAQ: AMGN · Real-Time Price · USD
287.87
+7.92 (2.83%)
Nov 20, 2024, 4:00 PM EST - Market closed
Amgen Stock Forecast
Stock Price Forecast
The 19 analysts with 12-month price forecasts for Amgen stock have an average target of 334.58, with a low estimate of 215 and a high estimate of 405. The average target predicts an increase of 16.23% from the current stock price of 287.87.
Analyst Consensus: Buy
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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 6 | 4 | 5 |
| Buy | 6 | 6 | 5 | 6 | 6 | 6 |
| Hold | 8 | 8 | 9 | 9 | 9 | 10 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 21 | 21 | 21 | 22 | 20 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Nov 15, 2024 |
| Citigroup | Citigroup | Hold Initiates $335 | Hold | Initiates | $335 | +16.37% | Nov 14, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $380 | Strong Buy | Maintains | $380 | +32.00% | Nov 12, 2024 |
| UBS | UBS | Hold Maintains $335 → $326 | Hold | Maintains | $335 → $326 | +13.25% | Oct 31, 2024 |
| Cantor Fitzgerald | Cantor Fitzgerald | Buy Reiterates $405 | Buy | Reiterates | $405 | +40.69% | Oct 22, 2024 |
Financial Forecast
Revenue This Year
33.85B
from 28.19B
Increased by 20.06%
Revenue Next Year
35.03B
from 33.85B
Increased by 3.50%
EPS This Year
19.99
from 12.49
Increased by 60.07%
EPS Next Year
21.07
from 19.99
Increased by 5.38%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| 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 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 24.9% | 10.6% | 16.5% | ||
| Avg | 20.1% | 3.5% | 1.6% | ||
| Low | 14.3% | -5.3% | -7.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.35 | 24.59 | 26.03 | ||
| Avg | 19.99 | 21.07 | 21.67 | ||
| Low | 18.84 | 17.58 | 18.19 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 70.9% | 23.0% | 23.5% | ||
| Avg | 60.1% | 5.4% | 2.9% | ||
| Low | 50.8% | -12.1% | -13.7% |
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.