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NASDAQ: AMGN
Amgen Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for AMGN

Based on 16 analysts offering 12 month price targets for Amgen Inc.
Min Forecast
$200.00-6.38%
Avg Forecast
$248.69+16.41%
Max Forecast
$295.00+38.08%

Should I buy or sell AMGN stock?

Based on 17 analysts offering ratings for Amgen Inc.
Buy
Strong Buy
3 analysts 17.65%
Buy
4 analysts 23.53%
Hold
9 analysts 52.94%
Sell
0 analysts 0%
Strong Sell
1 analysts 5.88%

AMGN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Morgan Stanley
Top 12%
89
HoldDowngrades$251.00+17.49%2021-09-07
SVB Leerink
Top 20%
81
HoldMaintains$234.00+9.53%2021-08-04
Oppenheimer
Top 7%
94
BuyMaintains$277.00+29.66%2021-06-07
Atlantic Equities
Bottom 43%
43
Strong SellDowngrades$200.00-6.38%2021-04-28
Credit Suisse
Bottom 2%
2
BuyMaintains$259.00+21.23%2021-04-28
Anonymous
Morgan Stanley
Strong BuyMaintains$278.00+30.13%2021-04-28
RBC Capital
Top 13%
88
HoldMaintains$217.00+1.57%2021-04-28
Barclays
Bottom 14%
14
HoldMaintains$230.00+7.66%2021-03-05
SVB Leerink
Top 45%
56
HoldMaintains$260.00+21.70%2021-03-05
Cantor Fitzgerald
Top 2%
99
Strong BuyMaintains$295.00+38.08%2021-02-03

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Forecast return on equity

Is AMGN forecast to generate an efficient return?
Company
136.92%
Industry
74.41%
Market
2,556.64%
AMGN's Return on Equity is forecast to be high in 3 years (136.92%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is AMGN forecast to generate an efficient return on assets?
Company
18.89%
Industry
16.39%
Market
1,250.14%
AMGN is forecast to generate higher Return on Assets (18.89%) than the US Drug Manufacturers - General industry average (16.39%)
Forecast

AMGN earnings per share forecast

What is AMGN's earnings per share in the next 3 years based on estimates from 12 analysts?
Avg 1 year Forecast
$16.41+65.77%
Avg 2 year Forecast
$18.02+81.98%
Avg 3 year Forecast
$19.57+97.67%
AMGN's earnings are forecast to grow at an exceptional rate of 25.52% per year
Forecast

AMGN revenue forecast

What is AMGN's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$26.1B+2.51%
Avg 2 year Forecast
$27.1B+6.46%
Avg 3 year Forecast
$28.2B+10.72%
AMGN's revenue is forecast to grow at a rate of 3.45% per year, which is not exceptional
Forecast

AMGN earnings growth forecast

How is AMGN forecast to perform vs Drug Manufacturers - General companies and vs the US market?
Company
25.52%
Industry
22.05%
Market
18.71%
AMGN's earnings are forecast to grow faster (25.52% per year) than the US Drug Manufacturers - General industry average (22.05%)
Forecast
AMGN's earnings are forecast to grow faster (25.52% per year) than the US market average (18.71%)
Forecast
AMGN's earnings are forecast to grow faster (25.52% per year) than the risk-free savings rate (1.3%)
Forecast

AMGN revenue growth forecast

How is AMGN forecast to perform vs Drug Manufacturers - General companies and vs the US market?
Company
3.45%
Industry
4.53%
Market
12.32%
AMGN's revenues are forecast to grow slower (3.45% per year) than the US Drug Manufacturers - General industry average (4.53%)
Forecast
AMGN's revenues are forecast to grow slower (3.45% per year) than the US market average (12.32%)
Forecast

Amgen Stock Forecast FAQ

Is Amgen Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 17 Wall Street analysts covering (NASDAQ: AMGN) stock is to Buy AMGN stock.

Out of 17 analysts, 3 (17.65%) are recommending AMGN as a Strong Buy, 4 (23.53%) are recommending AMGN as a Buy, 9 (52.94%) are recommending AMGN as a Hold, 0 (0%) are recommending AMGN as a Sell, and 1 (5.88%) are recommending AMGN as a Strong Sell.

What is AMGN's earnings growth forecast for 2021-2023?

(NASDAQ: AMGN) Amgen's forecast annual earnings growth rate of 25.52% is forecast to beat the US Drug Manufacturers - General industry's average forecast earnings growth rate of 22.05%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 18.71%.

Amgen's earnings in 2021 is $5,746,000,000.On average, 12 Wall Street analysts forecast AMGN's earnings for 2021 to be $9,319,422,462, with the lowest AMGN earnings forecast at $8,983,424,224, and the highest AMGN earnings forecast at $9,591,026,242. On average, 13 Wall Street analysts forecast AMGN's earnings for 2022 to be $10,230,541,562, with the lowest AMGN earnings forecast at $9,204,886,642, and the highest AMGN earnings forecast at $11,521,724,242.

In 2023, AMGN is forecast to generate $11,112,245,911 in earnings, with the lowest earnings forecast at $9,477,455,772 and the highest earnings forecast at $13,611,420,901.

What is AMGN's revenue growth forecast for 2021-2023?

(NASDAQ: AMGN) Amgen's forecast annual revenue growth rate of 3.45% is not forecast to beat the US Drug Manufacturers - General industry's average forecast revenue growth rate of 4.53%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.32%.

Amgen's revenue in 2021 is $25,484,000,000.On average, 9 Wall Street analysts forecast AMGN's revenue for 2021 to be $14,834,410,760,442, with the lowest AMGN revenue forecast at $14,685,116,130,462, and the highest AMGN revenue forecast at $15,115,661,784,507. On average, 9 Wall Street analysts forecast AMGN's revenue for 2022 to be $15,405,406,176,216, with the lowest AMGN revenue forecast at $15,057,172,992,148, and the highest AMGN revenue forecast at $15,702,253,265,156.

In 2023, AMGN is forecast to generate $16,022,469,749,832 in revenue, with the lowest revenue forecast at $15,328,038,564,529 and the highest revenue forecast at $17,070,680,900,986.

What is AMGN's forecast return on assets (ROA) for 2021-2024?

(NASDAQ: AMGN) forecast ROA is 18.89%, which is higher than the forecast US Drug Manufacturers - General industry average of 16.39%.

What is AMGN's Price Target?

According to 16 Wall Street analysts that have issued a 1 year AMGN price target, the average AMGN price target is $248.69, with the highest AMGN stock price forecast at $295.00 and the lowest AMGN stock price forecast at $200.00.

On average, Wall Street analysts predict that Amgen's share price could stay at $248.69 by Sep 7, 2022. The average Amgen stock price prediction forecasts a potential downside of N/A from the current AMGN share price of $213.64.

What is AMGN's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: AMGN) Amgen's current Earnings Per Share (EPS) is $9.90. On average, analysts forecast that AMGN's EPS will be $16.41 for 2021, with the lowest EPS forecast at $15.82, and the highest EPS forecast at $16.89. On average, analysts forecast that AMGN's EPS will be $18.02 for 2022, with the lowest EPS forecast at $16.21, and the highest EPS forecast at $20.29. In 2023, AMGN's EPS is forecast to hit $19.57 (min: $16.69, max: $23.97).

What is AMGN's forecast return on equity (ROE) for 2021-2024?

(NASDAQ: AMGN) forecast ROE is 136.92%, which is considered strong.
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