Amgen Inc. (AMGN)
NASDAQ: AMGN · Real-Time Price · USD
441.47
+16.19 (3.81%)
Aug 19, 2026, 3:06 PM EDT - Market open

Amgen Stock Forecast

Stock Price Forecast

According to 34 analysts polled by S&P Global, Amgen stock has a consensus rating of "Buy" and an average price target of $387.45. The average 1-year stock price forecast is 12.24% lower than the current stock price, while the lowest is $230 (-47.90%) and the highest is $452 (+2.39%).

Price Target: $387.45 (-12.24%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$230$387.45$395$452
Change-47.90%-12.24%-10.53%+2.39%

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

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy9910101010
Buy444444
Hold181918171716
Sell111112
Strong Sell222222
Total343535343434

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Morgan Stanley
Morgan Stanley
Hold
Maintains
$351$362
HoldMaintains$351$362-18.00%Aug 19, 2026
Argus Research
Argus Research
Buy
Maintains
$250$460
BuyMaintains$250$460+4.20%Aug 19, 2026
BMO Capital
BMO Capital
Buy
Reiterates
$450
BuyReiterates$450+1.93%Aug 18, 2026
Cantor Fitzgerald
Cantor Fitzgerald
Hold
Maintains
$350$400
HoldMaintains$350$400-9.39%Aug 18, 2026
Mizuho Securities
Mizuho Securities
Hold
Maintains
$303$352
HoldMaintains$303$352-20.27%Aug 17, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
38.89B
from 36.75B
Increased by 5.82%
Revenue Next Year
40.00B
from 38.89B
Increased by 2.86%
EPS This Year
22.99
from 21.84
Increased by 5.27%
EPS Next Year
24.28
from 22.99
Increased by 5.60%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
25.98B26.32B28.19B33.42B36.75B38.89B
Revenue Growth
2.18%1.32%7.09%18.57%9.95%5.82%
Operating Income
9.15B10.10B9.82B9.68B11.57B16.94B
Net Income
5.89B6.55B6.72B4.09B7.71B8.60B
EPS
----21.8422.99
EPS Growth
----10.08%5.27%
Forward PE
13.0614.4014.9512.5915.4619.20
Dividend / Share
7.047.768.529.009.5210.09
Dividend Growth
10.00%10.23%9.79%5.63%5.78%5.94%
Free Cash Flow
7.52B8.69B3.39B13.73B7.50B11.61B
No. Analysts
-----28
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High39.4B
Avg38.9B
Low38.2B

Revenue Growth

Revenue Growth202620272028
High
7.2%
Avg
5.8%
Low
4.0%

EPS Forecast

EPS202620272028
High23.90
Avg22.99
Low22.41

EPS Growth

EPS Growth202620272028
High
9.4%
Avg
5.3%
Low
2.6%