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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
Target Low Average Median High
Price $200 $294.8 $310 $360
Change -25.63% +9.62% +15.27% +33.86%

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 '23Dec '23Jan '24Feb '24Mar '24Apr '24
Strong Buy 455667
Buy 688766
Hold 866677
Sell 111111
Strong Sell 000000
Total 192020202021

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Colin Bristow
UBS
 UBS
Hold
Maintains
$314 → $284
 Hold Maintains $314 → $284 +5.60% Apr 17, 2024
Yaron Weber
TD Cowen
 TD Cowen
Strong Buy
Maintains
$370 → $360
 Strong Buy Maintains $370 → $360 +33.86% Apr 17, 2024
Robyn Karnauskas
Truist Securities
 Truist Securities
Strong Buy
Reiterates
$320
 Strong Buy Reiterates $320 +18.99% Apr 12, 2024
Gregory Renza
RBC Capital
 RBC Capital
Buy
Reiterates
$329
 Buy Reiterates $329 +22.34% Apr 3, 2024
Gary Nachman
Raymond James
 Raymond James
Hold
Initiates
n/a
 Hold Initiates n/a n/a Mar 28, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
23.36B25.42B25.98B26.32B28.19B33.68B34.84B35.73B34.68B34.95B
Revenue Growth
-1.62%8.83%2.18%1.32%7.09%19.48%3.44%2.55%-2.95%0.78%
EPS
12.8812.3110.2812.1112.4919.9521.5822.7622.7022.58
EPS Growth
2.06%-4.43%-16.49%17.80%3.14%59.69%8.18%5.49%-0.28%-0.50%
No. Analysts -----323022129
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.