Amgen Stock Forecast

Stock Price Forecast

The 17 analysts that cover Amgen stock have a consensus rating of "Hold" and an average price target of $345.12, which forecasts a -6.61% decrease in the stock price over the next year. The lowest target is $272 and the highest is $432.

Price Target: $345.12 (-6.61%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$272	$345.12	$347	$432
Change	-26.39%	-6.61%	-6.10%	+16.91%

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	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	2	0	0	1	2	2
Buy	5	4	3	3	3	3
Hold	10	10	11	11	12	12
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	18	15	15	16	18	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Emily Field Barclays	Barclays	Hold Initiates $350	Hold	Initiates	$350	-5.29%	Feb 20, 2026
Mohit Bansal Wells Fargo	Wells Fargo	Hold Maintains $325 → $375	Hold	Maintains	$325 → $375	+1.48%	Feb 19, 2026
David Amsellem Piper Sandler	Piper Sandler	Buy Maintains $381 → $432	Buy	Maintains	$381 → $432	+16.91%	Feb 18, 2026
Jasper Hellweg Argus Research	Argus Research	Strong Buy Maintains $360 → $400	Strong Buy	Maintains	$360 → $400	+8.25%	Feb 6, 2026
Vamil Divan Guggenheim	Guggenheim	Hold Maintains $305 → $347	Hold	Maintains	$305 → $347	-6.10%	Feb 6, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

38.58B

from 36.75B

4.98%

from 36.75B

Revenue Next Year

39.54B

from 38.58B

2.49%

from 38.58B

EPS This Year

22.82

from 14.23

60.39%

from 14.23

EPS Next Year

23.73

from 22.82

3.95%

from 22.82

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	25.98B	26.32B	28.19B	33.42B	36.75B	38.58B	39.54B
Revenue Growth	2.18%	1.32%	7.09%	18.57%	9.95%	4.98%	2.49%
EPS	10.28	12.11	12.49	7.56	14.23	22.82	23.73
EPS Growth	-16.49%	17.80%	3.14%	-39.47%	88.23%	60.39%	3.95%
Forward PE	-	-	-	-	-	16.19	15.58
No. Analysts	-	-	-	-	-	37	33

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

Revenue Forecast

Revenue	2026	2027
High	40.6B	44.9B
Avg	38.6B	39.5B
Low	36.6B	36.3B

Revenue Growth

Revenue Growth	2026	2027
High	10.5%	16.3%
Avg	5.0%	2.5%
Low	-0.4%	-5.9%

EPS Forecast

EPS	2026	2027
High	24.54	26.25
Avg	22.82	23.73
Low	21.17	20.38

EPS Growth

EPS Growth	2026	2027
High	72.4%	15.0%
Avg	60.4%	3.9%
Low	48.8%	-10.7%

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.