Amgen Inc. (AMGN)
NASDAQ: AMGN · Real-Time Price · USD
393.17
-44.06 (-10.08%)
At close: Sep 8, 2026, 4:00 PM EDT
393.38
+0.21 (0.05%)
After-hours: Sep 8, 2026, 5:17 PM EDT

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 $388.48. The average 1-year stock price forecast is 1.19% lower than the current stock price, while the lowest is $230 (-41.50%) and the highest is $457 (+16.23%).

Price Target: $388.48 (-1.19%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$230$388.48$395$457
Change-41.50%-1.19%+0.47%+16.23%

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
William Blair
William Blair
Buy
Maintains
n/a
BuyMaintainsn/an/aSep 8, 2026
Goldman Sachs
Goldman Sachs
Buy
Reiterates
$450
BuyReiterates$450+14.45%Sep 8, 2026
Truist Financial
Truist Financial
Hold
Maintains
n/a
HoldMaintainsn/an/aSep 8, 2026
Piper Sandler
Piper Sandler
Buy
Reiterates
$457
BuyReiterates$457+16.23%Sep 8, 2026
BMO Capital
BMO Capital
Hold
Downgrades
$450
HoldDowngrades$450+14.45%Sep 8, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
38.94B
from 36.75B
Increased by 5.95%
Revenue Next Year
40.21B
from 38.94B
Increased by 3.26%
EPS This Year
23.04
from 21.84
Increased by 5.50%
EPS Next Year
24.41
from 23.04
Increased by 5.93%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
25.98B26.32B28.19B33.42B36.75B38.94B
Revenue Growth
2.18%1.32%7.09%18.57%9.95%5.95%
Operating Income
9.15B10.10B9.82B9.68B11.57B16.96B
Net Income
5.89B6.55B6.72B4.09B7.71B8.74B
EPS
----21.8423.04
EPS Growth
----10.08%5.50%
Forward PE
13.0614.4014.9512.5915.4617.06
Dividend / Share
7.047.768.529.009.5210.09
Dividend Growth
10.00%10.23%9.79%5.63%5.78%5.96%
Free Cash Flow
7.52B8.69B3.39B13.73B7.50B11.11B
No. Analysts
-----30
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

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

Revenue Growth

Revenue Growth202620272028
High
7.2%
Avg
6.0%
Low
4.5%

EPS Forecast

EPS202620272028
High23.90
Avg23.04
Low22.47

EPS Growth

EPS Growth202620272028
High
9.4%
Avg
5.5%
Low
2.9%