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

OverviewForecast
EarningsDividendOwnership

Analyst price target for AMGN

Based on 15 analysts offering 12 month price targets for Amgen Inc.
Min Forecast
$200.00-26.16%
Avg Forecast
$275.73+1.8%
Max Forecast
$320.00+18.14%

Should I buy or sell AMGN stock?

Based on 15 analysts offering ratings for Amgen Inc.
Buy
Strong Buy
4 analysts 26.67%
Buy
3 analysts 20%
Hold
7 analysts 46.67%
Sell
0 analysts 0%
Strong Sell
1 analysts 6.67%

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AMGN stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-29
lockedlocked$00.00+00.00%2023-11-09
lockedlocked$00.00+00.00%2023-11-02
lockedlocked$00.00+00.00%2023-11-02
lockedlocked$00.00+00.00%2023-11-01
Oppenheimer
Top 6%
95
BuyMaintains$310.00+14.45%2023-10-25
JP Morgan
Top 25%
76
HoldReinstates$270.00-0.32%2023-10-20
Argus Research
Top 30%
71
Strong BuyMaintains$310.00+14.45%2023-10-17
Jefferies
Top 17%
84
Strong BuyReiterates$310.00+14.45%2023-10-12
Leerink Partners
Top 6%
95
BuyUpgrades$318.00+17.40%2023-10-11

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Forecast return on equity

Is AMGN forecast to generate an efficient return?
Company
N/A
Industry
13.98%
Market
30.45%

Forecast return on assets

Is AMGN forecast to generate an efficient return on assets?
Company
N/A
Industry
5.74%

AMGN revenue forecast

What is AMGN's revenue in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$28.1B+4.8%
Avg 2 year Forecast
$32.4B+20.72%
Avg 3 year Forecast
$33.3B+24.02%
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
14.84%
Industry
32.61%
Market
17.93%
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
8.04%
Industry
4.24%
Market
7.54%
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$270.87$275.73+1.80%Buy
PFE$29.09$40.67+39.80%Buy
SNY$46.34N/AN/A
BMY$50.23$64.81+29.03%Buy
GILD$79.02$84.11+6.44%Buy
View Top General Drug Manufacturer Stocks

Amgen Stock Forecast FAQ

Is Amgen Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NASDAQ: AMGN) stock is to Buy AMGN stock.

Out of 15 analysts, 4 (26.67%) are recommending AMGN as a Strong Buy, 3 (20%) are recommending AMGN as a Buy, 7 (46.67%) are recommending AMGN as a Hold, 0 (0%) are recommending AMGN as a Sell, and 1 (6.67%) 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 revenue growth forecast for 2023-2025?

(NASDAQ: AMGN) Amgen's forecast annual revenue growth rate of 8.04% is forecast to beat the US Drug Manufacturers - General industry's average forecast revenue growth rate of 4.24%, and it is also forecast to beat the US market's average forecast revenue growth rate of 7.54%.

Amgen's revenue in 2023 is $26,833,000,000.On average, 11 Wall Street analysts forecast AMGN's revenue for 2023 to be $15,049,056,269,392, with the lowest AMGN revenue forecast at $14,971,492,917,939, and the highest AMGN revenue forecast at $15,133,764,247,506. On average, 11 Wall Street analysts forecast AMGN's revenue for 2024 to be $17,335,857,528,957, with the lowest AMGN revenue forecast at $16,474,898,976,047, and the highest AMGN revenue forecast at $18,830,774,058,022.

In 2025, AMGN is forecast to generate $17,809,095,656,646 in revenue, with the lowest revenue forecast at $16,969,424,880,116 and the highest revenue forecast at $19,527,040,671,149.

What is AMGN's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: AMGN) forecast ROA is N/A, which is lower than the forecast US Drug Manufacturers - General industry average of 5.74%.

What is AMGN's Price Target?

According to 15 Wall Street analysts that have issued a 1 year AMGN price target, the average AMGN price target is $275.73, with the highest AMGN stock price forecast at $320.00 and the lowest AMGN stock price forecast at $200.00.

On average, Wall Street analysts predict that Amgen's share price could reach $275.73 by Nov 29, 2024. The average Amgen stock price prediction forecasts a potential upside of 1.8% from the current AMGN share price of $270.87.

What is AMGN's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: AMGN) forecast ROE is N/A, which is considered weak.
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