Amgen Inc. (AMGN)
NASDAQ: AMGN · Real-Time Price · USD
434.98
+10.04 (2.36%)
Oct 20, 2026, 10:31 AM 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 "Hold" and an average price target of $394.98. The average 1-year stock price forecast is 9.20% lower than the current stock price, while the lowest is $225 (-48.27%) and the highest is $500 (+14.95%).

Price Target: $394.98 (-9.20%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$225$394.98$405$500
Change-48.27%-9.20%-6.89%+14.95%

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

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy1010101088
Buy444444
Hold181717161717
Sell111222
Strong Sell222233
Total353434343434

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Piper Sandler
Piper Sandler
Buy
Reiterates
$457
BuyReiterates$457+5.06%Oct 20, 2026
Wells Fargo
Wells Fargo
Hold
Maintains
$430
HoldMaintains$430-1.14%Oct 16, 2026
Guggenheim
Guggenheim
Hold
Maintains
$388 → $378
HoldMaintains$388 → $378-13.10%Oct 13, 2026
BMO Capital
BMO Capital
Hold
Maintains
$450 → $415
HoldMaintains$450 → $415-4.59%Oct 12, 2026
Citi
Citi
Hold
Maintains
$405
HoldMaintains$405-6.89%Oct 12, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
38.97B
from 36.75B
Increased by 6.05%
Revenue Next Year
40.40B
from 38.97B
Increased by 3.64%
EPS This Year
23.02
from 21.84
Increased by 5.42%
EPS Next Year
24.51
from 23.02
Increased by 6.46%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
25.98B26.32B28.19B33.42B36.75B38.97B
Revenue Growth
2.18%1.32%7.09%18.57%9.95%6.05%
Operating Income
9.15B10.10B9.82B9.68B11.57B16.95B
Net Income
5.89B6.55B6.72B4.09B7.71B8.54B
EPS
----21.8423.02
EPS Growth
----10.08%5.42%
Forward PE
13.0614.4014.9512.5915.4618.89
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
----8.10B11.11B
No. Analysts
-----31
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High39.5B
Avg39.0B
Low38.4B

Revenue Growth

Revenue Growth202620272028
High
7.4%
Avg
6.1%
Low
4.5%

EPS Forecast

EPS202620272028
High23.44
Avg23.02
Low22.49

EPS Growth

EPS Growth202620272028
High
7.3%
Avg
5.4%
Low
3.0%