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

Analyst price target for AMGN

Based on 11 analysts offering 12 month price targets for Amgen Inc.
Min Forecast
$235.00-28.97%
Avg Forecast
$322.91-2.39%
Max Forecast
$360.00+8.82%

Should I buy or sell AMGN stock?

Based on 11 analysts offering ratings for Amgen Inc.
Buy
Strong Buy
4 analysts 36.36%
Buy
3 analysts 27.27%
Hold
4 analysts 36.36%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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AMGN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-07-11
lockedlocked$00.00+00.00%2024-06-27
lockedlocked$00.00+00.00%2024-06-14
lockedlocked$00.00+00.00%2024-05-09
lockedlocked$00.00+00.00%2024-05-03
BMO Capital
Top 12%
89
BuyMaintains$355.00+7.31%2024-05-03
Barclays
Top 12%
89
HoldUpgrades$300.00-9.32%2024-05-03
TD Cowen
Bottom 5%
5
Strong BuyMaintains$360.00+8.82%2024-04-17
Truist Securities
Bottom 4%
4
Strong BuyReiterates$320.00-3.27%2024-04-12
Goldman Sachs
Top 26%
75
Strong BuyMaintains$350.00+5.79%2024-02-08

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Forecast return on equity

Is AMGN forecast to generate an efficient return?
Company
224.43%
Industry
139.27%
Market
80.54%
AMGN's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is AMGN forecast to generate an efficient return on assets?
Company
12.12%
Industry
25.54%
AMGN is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

AMGN earnings per share forecast

What is AMGN's earnings per share in the next 3 years based on estimates from 14 analysts?
Avg 1 year Forecast
$19.47+176.54%
Avg 2 year Forecast
$20.55+191.96%
Avg 3 year Forecast
$21.09+199.6%
AMGN's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

AMGN revenue forecast

What is AMGN's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$33.0B+11.73%
Avg 2 year Forecast
$34.0B+15.12%
Avg 3 year Forecast
$34.4B+16.56%
AMGN's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

AMGN earnings growth forecast

How is AMGN forecast to perform vs Drug Manufacturers - General companies and vs the US market?
Company
44.42%
Industry
46.83%
Market
19.02%
AMGN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
AMGN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
AMGN's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

AMGN revenue growth forecast

How is AMGN forecast to perform vs Drug Manufacturers - General companies and vs the US market?
Company
5.35%
Industry
9.17%
Market
10.57%
AMGN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
AMGN's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

AMGN vs General Drug Manufacturer Stocks

TickerPricePrice TargetUp/downsideConsensus
AMGN$330.83$322.91-2.39%Buy
PFE$28.92$35.20+21.72%Buy
SNY$51.33$55.00+7.15%Hold
NVS$111.70$117.50+5.19%Buy
AZN$79.24$87.25+10.11%Strong Buy

Amgen Stock Forecast FAQ

Is Amgen Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NASDAQ: AMGN) stock is to Buy AMGN stock.

Out of 11 analysts, 4 (36.36%) are recommending AMGN as a Strong Buy, 3 (27.27%) are recommending AMGN as a Buy, 4 (36.36%) are recommending AMGN as a Hold, 0 (0%) are recommending AMGN as a Sell, and 0 (0%) are recommending AMGN as a Strong Sell.

If you're new to stock investing, here's how to buy Amgen stock.

What is AMGN's earnings growth forecast for 2024-2026?

(NASDAQ: AMGN) Amgen's forecast annual earnings growth rate of 44.42% is not forecast to beat the US Drug Manufacturers - General industry's average forecast earnings growth rate of 46.83%, and while it is forecast to beat the US market's average forecast earnings growth rate of 19.02%.

Amgen's earnings in 2024 is $3,763,000,000.On average, 14 Wall Street analysts forecast AMGN's earnings for 2024 to be $10,443,632,445, with the lowest AMGN earnings forecast at $10,240,377,340, and the highest AMGN earnings forecast at $10,739,422,534. On average, 13 Wall Street analysts forecast AMGN's earnings for 2025 to be $11,025,771,372, with the lowest AMGN earnings forecast at $10,020,600,047, and the highest AMGN earnings forecast at $12,515,021,364.

In 2026, AMGN is forecast to generate $11,314,265,950 in earnings, with the lowest earnings forecast at $9,462,707,967 and the highest earnings forecast at $14,043,860,237.

What is AMGN's revenue growth forecast for 2024-2026?

(NASDAQ: AMGN) Amgen's forecast annual revenue growth rate of 5.35% is not forecast to beat the US Drug Manufacturers - General industry's average forecast revenue growth rate of 9.17%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.57%.

Amgen's revenue in 2024 is $29,532,000,000.On average, 11 Wall Street analysts forecast AMGN's revenue for 2024 to be $17,700,444,784,321, with the lowest AMGN revenue forecast at $17,475,432,961,284, and the highest AMGN revenue forecast at $17,827,334,119,236. On average, 11 Wall Street analysts forecast AMGN's revenue for 2025 to be $18,238,073,043,511, with the lowest AMGN revenue forecast at $17,767,789,868,424, and the highest AMGN revenue forecast at $18,716,742,838,572.

In 2026, AMGN is forecast to generate $18,465,127,073,420 in revenue, with the lowest revenue forecast at $17,141,770,582,860 and the highest revenue forecast at $19,067,034,692,448.

What is AMGN's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: AMGN) forecast ROA is 12.12%, which is lower than the forecast US Drug Manufacturers - General industry average of 25.54%.

What is AMGN's Price Target?

According to 11 Wall Street analysts that have issued a 1 year AMGN price target, the average AMGN price target is $322.91, with the highest AMGN stock price forecast at $360.00 and the lowest AMGN stock price forecast at $235.00.

On average, Wall Street analysts predict that Amgen's share price could fall to $322.91 by Jul 11, 2025. The average Amgen stock price prediction forecasts a potential downside of 2.39% from the current AMGN share price of $330.83.

What is AMGN's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: AMGN) Amgen's current Earnings Per Share (EPS) is $7.04. On average, analysts forecast that AMGN's EPS will be $19.47 for 2024, with the lowest EPS forecast at $19.09, and the highest EPS forecast at $20.02. On average, analysts forecast that AMGN's EPS will be $20.55 for 2025, with the lowest EPS forecast at $18.68, and the highest EPS forecast at $23.33. In 2026, AMGN's EPS is forecast to hit $21.09 (min: $17.64, max: $26.18).

What is AMGN's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: AMGN) forecast ROE is 224.43%, which is considered strong.
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