Amgen Stock Forecast

Stock Price Forecast

According to 35 analysts polled by S&P Global, Amgen stock has a consensus rating of "Buy" and an average price target of $352.23. The average 1-year stock price forecast is 4.87% higher than the current stock price, while the lowest is $200 (-40.45%) and the highest is $427 (+27.13%).

Price Target: $352.23 (+4.87%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$200	$352.23	$352.5	$427
Change	-40.45%	+4.87%	+4.95%	+27.13%

Analyst Ratings

The average analyst rating for Amgen stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	10	10	9	9	9	10
Buy	4	4	4	4	4	4
Hold	15	15	17	18	19	18
Sell	1	1	1	1	1	1
Strong Sell	2	2	2	2	2	2
Total	32	32	33	34	35	35

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
David Amsellem Piper Sandler	Piper Sandler	Buy Reiterates $432 → $427	Buy	Reiterates	$432 → $427	+27.13%	May 14, 2026
Ilya Zubkov Freedom Capital Markets	Freedom Capital Markets	Buy Upgrades $375	Buy	Upgrades	$375	+11.65%	May 7, 2026
Hans Engel Erste Group	Erste Group	Hold Downgrades n/a	Hold	Downgrades	n/a	n/a	May 5, 2026
Emily Field Barclays	Barclays	Hold Maintains $350	Hold	Maintains	$350	+4.20%	May 5, 2026
Evan Seigerman BMO Capital	BMO Capital	Buy Maintains $400	Buy	Maintains	$400	+19.09%	May 4, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

38.55B

from 36.75B

4.89%

from 36.75B

Revenue Next Year

39.51B

from 38.55B

2.50%

from 38.55B

EPS This Year

22.81

from 14.23

60.30%

from 14.23

EPS Next Year

23.89

from 22.81

4.73%

from 22.81

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	38.55B	39.51B
Revenue Growth	2.18%	1.32%	7.09%	18.57%	9.95%	4.89%	2.50%
EPS	10.28	12.11	12.49	7.56	14.23	22.81	23.89
EPS Growth	-16.49%	17.80%	3.14%	-39.47%	88.23%	60.30%	4.73%
Forward PE	-	-	-	-	-	14.72	14.06
No. Analysts	-	-	-	-	-	38	37

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

Revenue Forecast

Revenue	2026	2027
High	40.4B	44.2B
Avg	38.5B	39.5B
Low	36.4B	36.2B

Revenue Growth

Revenue Growth	2026	2027
High	9.9%	14.7%
Avg	4.9%	2.5%
Low	-1.1%	-6.2%

EPS Forecast

EPS	2026	2027
High	24.03	26.12
Avg	22.81	23.89
Low	21.20	21.03

EPS Growth

EPS Growth	2026	2027
High	68.9%	14.5%
Avg	60.3%	4.7%
Low	49.0%	-7.8%

Sources: Price targets and consensus ratings provided by S&P Global Market Intelligence. Historical ratings and analyst data provided by TipRanks. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data sources.