Amgen Inc. (AMGN)
NASDAQ: AMGN · IEX Real-Time Price · USD
268.93
+6.18 (2.35%)
At close: Apr 19, 2024, 4:00 PM
270.10
+1.17 (0.44%)
After-hours: Apr 19, 2024, 7:59 PM EDT
Amgen Stock Forecast
Stock Price Forecast
The 20 analysts with 12-month price forecasts for Amgen stock have an average target of 294.8, with a low estimate of 200 and a high estimate of 360. The average target predicts an increase of 9.62% from the current stock price of 268.93.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Amgen stock from 21 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
---|---|---|---|---|---|---|
Strong Buy | 4 | 5 | 5 | 6 | 6 | 7 |
Buy | 6 | 8 | 8 | 7 | 6 | 6 |
Hold | 8 | 6 | 6 | 6 | 7 | 7 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 19 | 20 | 20 | 20 | 20 | 21 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
UBS | UBS | Hold Maintains $314 → $284 | Hold | Maintains | $314 → $284 | +5.60% | Apr 17, 2024 |
TD Cowen | TD Cowen | Strong Buy Maintains $370 → $360 | Strong Buy | Maintains | $370 → $360 | +33.86% | Apr 17, 2024 |
Truist Securities | Truist Securities | Strong Buy Reiterates $320 | Strong Buy | Reiterates | $320 | +18.99% | Apr 12, 2024 |
RBC Capital | RBC Capital | Buy Reiterates $329 | Buy | Reiterates | $329 | +22.34% | Apr 3, 2024 |
Raymond James | Raymond James | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Mar 28, 2024 |
Financial Forecast
Revenue This Year
33.68B
from 28.19B
Increased by 19.48%
Revenue Next Year
34.84B
from 33.68B
Increased by 3.44%
EPS This Year
19.95
from 12.49
Increased by 59.69%
EPS Next Year
21.58
from 19.95
Increased by 8.18%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 35.5B | 39.6B | 42.6B | 39.0B | 38.6B |
Avg | 33.7B | 34.8B | 35.7B | 34.7B | 34.9B |
Low | 31.8B | 32.0B | 30.4B | 29.6B | 31.2B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 25.8% | 17.6% | 22.4% | 9.1% | 11.3% |
Avg | 19.5% | 3.4% | 2.6% | -2.9% | 0.8% |
Low | 12.8% | -5.1% | -12.9% | -17.2% | -10.1% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 21.50 | 24.10 | 26.82 | 25.50 | 26.21 |
Avg | 19.95 | 21.58 | 22.76 | 22.70 | 22.58 |
Low | 18.63 | 18.25 | 16.71 | 19.42 | 19.44 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 72.1% | 20.8% | 24.3% | 12.1% | 15.5% |
Avg | 59.7% | 8.2% | 5.5% | -0.3% | -0.5% |
Low | 49.2% | -8.5% | -22.6% | -14.7% | -14.3% |
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 disclaimer.