Amgen Stock Forecast

Stock Price Forecast

The 18 analysts that cover Amgen stock have a consensus rating of "Hold" and an average price target of $354.83, which forecasts a 7.43% increase in the stock price over the next year. The lowest target is $272 and the highest is $432.

Price Target: $354.83 (+7.43%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$272	$354.83	$350	$432
Change	-17.65%	+7.43%	+5.96%	+30.79%

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	Dec '25	Jan '26	Feb '26	Mar '26	Apr '26	May '26
Strong Buy	0	1	2	2	2	2
Buy	3	3	3	3	3	3
Hold	12	12	13	14	13	12
Sell	1	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	16	17	19	20	19	18

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Vamil Divan Guggenheim	Guggenheim	Hold Maintains $351 → $340	Hold	Maintains	$351 → $340	+2.94%	May 4, 2026
Gregory Renza Truist Securities	Truist Securities	Hold Maintains $325 → $327	Hold	Maintains	$325 → $327	-1.00%	May 1, 2026
Gary Nachman Canaccord Genuity	Canaccord Genuity	Hold Initiates $366	Hold	Initiates	$366	+10.81%	Apr 21, 2026
Michael Yee UBS	UBS	Strong Buy Maintains $390 → $400	Strong Buy	Maintains	$390 → $400	+21.10%	Apr 13, 2026
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $309 → $326	Hold	Maintains	$309 → $326	-1.30%	Apr 10, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

38.53B

from 36.75B

4.83%

from 36.75B

Revenue Next Year

39.48B

from 38.53B

2.48%

from 38.53B

EPS This Year

22.82

from 14.23

60.35%

from 14.23

EPS Next Year

23.94

from 22.82

4.94%

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	38.53B	39.48B
Revenue Growth	2.18%	1.32%	7.09%	18.57%	9.95%	4.83%	2.48%
EPS	10.28	12.11	12.49	7.56	14.23	22.82	23.94
EPS Growth	-16.49%	17.80%	3.14%	-39.47%	88.23%	60.35%	4.94%
Forward PE	-	-	-	-	-	14.48	13.79
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%	14.8%
Avg	4.8%	2.5%
Low	-1.1%	-6.1%

EPS Forecast

EPS	2026	2027
High	24.34	26.12
Avg	22.82	23.94
Low	21.15	21.03

EPS Growth

EPS Growth	2026	2027
High	71.0%	14.5%
Avg	60.4%	4.9%
Low	48.6%	-7.8%

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 sources.