Amgen Inc. (AMGN)

Amgen Stock Forecast

Stock Price Forecast

The 18 analysts that cover Amgen stock have a consensus rating of "Hold" and an average price target of $319.33, which forecasts a 8.72% increase in the stock price over the next year. The lowest target is $215 and the highest is $405.

Price Target: $319.33 (+8.72%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$215	$319.33	$319	$405
Change	-26.80%	+8.72%	+8.61%	+37.89%

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	Mar '25	Apr '25	May '25	Jun '25	Jul '25	Aug '25
Strong Buy	3	3	3	3	2	2
Buy	7	7	6	6	6	5
Hold	9	8	10	10	10	9
Sell	2	2	2	2	2	2
Strong Sell	0	0	0	0	0	0
Total	21	20	21	21	20	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Geoff Meacham Citigroup	Citigroup	Hold Maintains $305 → $310	Hold	Maintains	$305 → $310	+5.54%	Aug 6, 2025
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $330 → $333	Hold	Maintains	$330 → $333	+13.37%	Aug 6, 2025
Trung Huynh UBS	UBS	Hold Maintains $326 → $317	Hold	Maintains	$326 → $317	+7.93%	Aug 6, 2025
Tim Anderson B of A Securities	B of A Securities	Sell Maintains $252 → $261	Sell	Maintains	$252 → $261	-11.14%	Jul 23, 2025
Geoff Meacham Citigroup	Citigroup	Hold Maintains $300 → $305	Hold	Maintains	$300 → $305	+3.84%	Jul 22, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

36.09B

Increased by 7.96%

from 33.42B

Revenue Next Year

36.70B

Increased by 1.70%

from 36.09B

EPS This Year

21.30

Increased by 181.75%

from 7.56

EPS Next Year

21.93

Increased by 2.97%

from 21.30

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	36.09B	36.70B	37.78B
Revenue Growth	8.83%	2.18%	1.32%	7.09%	18.57%	7.96%	1.70%	2.93%
EPS	12.31	10.28	12.11	12.49	7.56	21.30	21.93	22.98
EPS Growth	-4.43%	-16.49%	17.80%	3.14%	-39.47%	181.75%	2.97%	4.76%
Forward PE	-	-	-	-	-	13.79	13.39	12.78
No. Analysts	-	-	-	-	-	34	34	27

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	38.1B	39.6B	43.8B
Avg	36.1B	36.7B	37.8B
Low	33.8B	34.1B	34.5B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	14.1%	9.7%	19.3%
Avg	8.0%	1.7%	2.9%
Low	1.3%	-5.6%	-5.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	22.88	24.58	25.81
Avg	21.30	21.93	22.98
Low	19.71	19.68	19.68

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	202.6%	15.4%	17.7%
Avg	181.7%	3.0%	4.8%
Low	160.7%	-7.6%	-10.3%

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.