Amgen (AMGN) Stock Forecast, Price Target & Predictions


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AMGN Stock Forecast


Amgen stock forecast is as follows: an average price target of $293.15 (represents a -7.50% downside from AMGN’s last price of $316.91) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.

AMGN Price Target


The average price target for Amgen (AMGN) is $293.15 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $380.00 to $182.00. This represents a potential -7.50% downside from AMGN's last price of $316.91.

AMGN Analyst Ratings


Buy

According to 24 Wall Street analysts, Amgen's rating consensus is 'Buy'. The analyst rating breakdown for AMGN stock is 0 'Strong Buy' (0.00%), 15 'Buy' (62.50%), 8 'Hold' (33.33%), 1 'Sell' (4.17%), and 0 'Strong Sell' (0.00%).

Amgen Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Terence FlynnMorgan Stanley$319.00$316.740.71%0.66%
Oct 16, 2024Salveen RichterGoldman Sachs$369.00$325.0913.51%16.44%
Oct 07, 2024Carter GouldBarclays$315.00$319.66-1.46%-0.60%
Sep 25, 2024Evan David SeigermanBMO Capital$362.00$330.929.39%14.23%
Sep 25, 2024Christopher RaymondRaymond James$344.00$330.923.95%8.55%
Sep 25, 2024Brian SkorneyRobert W. Baird$215.00$330.92-35.03%-32.16%
Aug 07, 2024Mohit BansalWells Fargo$335.00$328.951.84%5.71%
Aug 06, 2024Terence FlynnMorgan Stanley$303.00$330.79-8.40%-4.39%
Jun 14, 2024Gregory RenzaRBC Capital$332.00$298.7111.14%4.76%
May 17, 2024Jay OlsonOppenheimer$380.00$312.3221.67%19.91%
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The latest Amgen stock forecast, released on Oct 21, 2024 by Terence Flynn from Morgan Stanley, set a price target of $319.00, which represents a 0.71% increase from the stock price at the time of the forecast ($316.74), and a 0.66% increase from AMGN last price ($316.91).

Amgen Price Target by Period


1M3M12M
# Anlaysts3816
Avg Price Target$334.33$320.25$318.81
Last Closing Price$316.91$316.91$316.91
Upside/Downside5.50%1.05%0.60%

In the current month, the average price target of Amgen stock is $334.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 5.50% increase as opposed to Amgen's last price of $316.91. This month's average price target is up 4.40% compared to last quarter, and up 4.87% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024Wells FargoBuyBuyHold
Oct 21, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Oct 21, 2024Cowen & Co.BuyBuyHold
Oct 17, 2024Bernstein-OutperformInitialise
Oct 16, 2024Goldman SachsConviction BuyConviction BuyHold
Oct 07, 2024BarclaysEqual-WeightEqual-WeightHold
Sep 27, 2024Cantor Fitzgerald-OverweightInitialise
Sep 25, 2024Wells FargoBuyBuyHold
Sep 25, 2024Cowen & Co.BuyBuyHold
Sep 25, 2024BMO CapitalOutperformOutperformHold
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Amgen's last stock rating was published by Wells Fargo on Oct 22, 2024. The company gave AMGN a "Buy" rating, the same as its previous rate.

Amgen Financial Forecast


Amgen Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$8.20B$6.90B$6.99B$6.11B$6.84B$6.65B$6.59B$6.24B$6.85B$6.71B$6.53B$5.90B$6.63B$6.42B$6.21B$6.16B$6.20B$5.74B
Avg Forecast$8.70B$8.47B$8.47B$7.91B$8.87B$8.64B$8.69B$8.14B$8.85B$8.50B$8.35B$7.45B$8.13B$6.93B$6.66B$6.15B$6.74B$6.56B$6.53B$6.07B$6.87B$6.67B$6.46B$6.26B$6.57B$6.39B$6.19B$6.00B$6.03B$5.63B
High Forecast$9.03B$8.79B$8.80B$8.21B$9.22B$8.97B$9.02B$8.46B$9.11B$8.50B$8.35B$7.45B$8.30B$8.33B$6.92B$6.39B$7.00B$6.56B$6.53B$6.07B$6.87B$6.67B$6.46B$6.26B$6.57B$6.39B$6.19B$6.00B$6.03B$5.63B
Low Forecast$8.25B$8.02B$8.03B$7.49B$8.41B$8.19B$8.24B$7.68B$8.54B$8.50B$8.35B$7.45B$7.98B$6.73B$6.32B$5.83B$6.39B$6.56B$6.53B$6.07B$6.87B$6.67B$6.46B$6.26B$6.57B$6.39B$6.19B$6.00B$6.03B$5.63B
# Analysts22221114157991018159101681099139910101099
Surprise %------------1.01%1.00%1.05%0.99%1.01%1.01%1.01%1.03%1.00%1.01%1.01%0.94%1.01%1.01%1.00%1.03%1.03%1.02%

Amgen's average Quarter revenue forecast for Mar 24 based on 9 analysts is $7.45B, with a low forecast of $7.45B, and a high forecast of $7.45B. AMGN's average Quarter revenue forecast represents a -9.08% decrease compared to the company's last Quarter revenue of $8.20B (Dec 23).

Amgen EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114157991018159101681099139910101099
EBITDA------------$1.27B$2.02B$2.68B$3.98B$2.16B$2.76B$1.86B$1.97B$3.32B$3.30B$3.20B$2.98B$3.07B$3.41B$3.26B$3.26B$2.99B$3.10B
Avg Forecast$3.54B$3.45B$3.45B$3.22B$3.61B$3.52B$3.54B$3.32B$3.60B$3.46B$3.40B$3.28B$3.31B$2.82B$2.71B$2.98B$3.46B$2.67B$2.66B$2.71B$2.80B$2.71B$2.63B$3.24B$2.68B$2.60B$2.52B$2.91B$2.45B$2.29B
High Forecast$3.68B$3.58B$3.58B$3.34B$3.75B$3.65B$3.67B$3.45B$3.71B$3.46B$3.40B$3.93B$3.38B$3.39B$2.82B$3.57B$4.15B$2.67B$2.66B$3.25B$2.80B$2.71B$2.63B$3.89B$2.68B$2.60B$2.52B$3.49B$2.45B$2.29B
Low Forecast$3.36B$3.27B$3.27B$3.05B$3.42B$3.33B$3.35B$3.13B$3.48B$3.46B$3.40B$2.62B$3.25B$2.74B$2.57B$2.38B$2.76B$2.67B$2.66B$2.17B$2.80B$2.71B$2.63B$2.59B$2.68B$2.60B$2.52B$2.33B$2.45B$2.29B
Surprise %------------0.38%0.72%0.99%1.34%0.63%1.03%0.70%0.73%1.19%1.22%1.22%0.92%1.15%1.31%1.29%1.12%1.22%1.35%

9 analysts predict AMGN's average Quarter EBITDA for Mar 24 to be $3.28B, with a high of $3.93B and a low of $2.62B. This is 157.82% upper than Amgen's previous annual EBITDA (Dec 23) of $1.27B.

Amgen Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114157991018159101681099139910101099
Net Income------------$767.00M$1.73B$1.38B$2.84B$1.62B$2.14B$1.32B$1.48B$1.90B$1.88B$464.00M$1.65B$1.61B$2.02B$1.80B$1.82B$1.70B$1.97B
Avg Forecast$2.15B$3.07B$2.87B$2.63B$2.87B$2.93B$2.91B$2.54B$2.76B$2.86B$2.70B$1.72B$2.49B$2.53B$2.44B$1.56B$1.98B$2.42B$2.40B$1.42B$2.18B$2.32B$2.21B$1.79B$1.82B$2.12B$2.07B$1.63B$1.84B$1.91B
High Forecast$2.26B$3.23B$3.01B$2.77B$3.02B$3.08B$3.06B$2.77B$3.33B$2.90B$2.70B$2.06B$2.72B$2.67B$2.56B$1.88B$2.37B$2.42B$2.40B$1.71B$2.18B$2.32B$2.21B$2.15B$1.82B$2.12B$2.07B$1.95B$1.84B$1.91B
Low Forecast$2.01B$2.87B$2.67B$2.46B$2.68B$2.73B$2.71B$2.24B$-1.48B$2.82B$2.70B$1.38B$2.32B$2.32B$2.27B$1.25B$1.58B$2.42B$2.40B$1.14B$2.18B$2.32B$2.21B$1.43B$1.82B$2.12B$2.07B$1.30B$1.84B$1.91B
Surprise %------------0.31%0.68%0.57%1.82%0.82%0.89%0.55%1.04%0.87%0.81%0.21%0.92%0.89%0.95%0.87%1.12%0.92%1.03%

Amgen's average Quarter net income forecast for Mar 24 is $1.72B, with a range of $1.38B to $2.06B. AMGN's average Quarter net income forecast represents a 124.33% increase compared to the company's last Quarter net income of $767.00M (Dec 23).

Amgen SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114157991018159101681099139910101099
SG&A------------$2.27B$1.35B$1.29B$1.26B$1.57B$1.29B$1.33B$1.23B$1.43B$1.30B$1.38B$1.25B$1.77B$1.35B$1.29B$1.32B$1.51B$1.22B
Avg Forecast$1.87B$1.82B$1.83B$1.70B$1.91B$1.86B$1.87B$1.75B$1.91B$1.83B$1.80B$1.43B$1.75B$1.49B$1.44B$1.30B$1.48B$1.41B$1.41B$1.18B$1.48B$1.44B$1.39B$1.36B$1.42B$1.38B$1.33B$1.17B$1.30B$1.21B
High Forecast$1.95B$1.89B$1.90B$1.77B$1.99B$1.93B$1.94B$1.82B$1.96B$1.83B$1.80B$1.72B$1.79B$1.79B$1.49B$1.56B$1.78B$1.41B$1.41B$1.42B$1.48B$1.44B$1.39B$1.63B$1.42B$1.38B$1.33B$1.41B$1.30B$1.21B
Low Forecast$1.78B$1.73B$1.73B$1.61B$1.81B$1.76B$1.77B$1.65B$1.84B$1.83B$1.80B$1.15B$1.72B$1.45B$1.36B$1.04B$1.19B$1.41B$1.41B$946.46M$1.48B$1.44B$1.39B$1.09B$1.42B$1.38B$1.33B$938.00M$1.30B$1.21B
Surprise %------------1.30%0.91%0.90%0.97%1.06%0.91%0.94%1.04%0.96%0.91%0.99%0.92%1.25%0.98%0.97%1.12%1.16%1.01%

Amgen's average Quarter SG&A projection for Mar 24 is $1.43B, based on 9 Wall Street analysts, with a range of $1.15B to $1.72B. The forecast indicates a -37.05% fall compared to AMGN last annual SG&A of $2.27B (Dec 23).

Amgen EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts22221114157991018159101681099139910101099
EPS------------$1.43$3.23$2.58$5.32$3.02$4.01$2.46$2.69$3.38$3.32$0.81$2.85$2.78$3.45$3.07$3.09$2.87$3.29
Avg Forecast$3.97$5.67$5.29$4.86$5.30$5.41$5.37$4.70$5.10$5.27$4.98$3.88$4.59$4.67$4.49$3.85$4.10$4.47$4.43$4.10$4.04$4.29$4.09$4.05$3.36$3.93$3.82$3.74$3.41$3.53
High Forecast$4.17$5.96$5.56$5.10$5.57$5.67$5.64$5.12$6.15$5.35$4.99$3.88$5.02$4.92$4.72$4.04$4.30$4.47$4.43$4.10$4.04$4.29$4.09$4.05$3.36$3.93$3.82$3.74$3.41$3.53
Low Forecast$3.70$5.29$4.93$4.53$4.94$5.04$5.00$4.13$-2.73$5.20$4.98$3.88$4.29$4.29$4.19$3.59$3.82$4.47$4.43$4.10$4.04$4.29$4.09$4.05$3.36$3.93$3.82$3.74$3.41$3.53
Surprise %------------0.31%0.69%0.57%1.38%0.74%0.90%0.55%0.66%0.84%0.77%0.20%0.70%0.83%0.88%0.80%0.83%0.84%0.93%

According to 9 Wall Street analysts, Amgen's projected average Quarter EPS for Mar 24 is $3.88, with a low estimate of $3.88 and a high estimate of $3.88. This represents a 171.26% increase compared to AMGN previous annual EPS of $1.43 (Dec 23).

Amgen Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PFEPfizer$27.76$44.7661.24%Hold
BIIBBiogen$173.52$276.3859.28%Buy
MRKMerck$101.87$129.4727.09%Buy
BMYBristol-Myers Squibb Company$55.45$64.5716.45%Hold
JNJJohnson & Johnson$158.24$179.1313.20%Buy
LLYEli Lilly and Company$806.14$782.65-2.91%Buy
AMGNAmgen$316.91$293.15-7.50%Buy
GILDGilead Sciences$89.84$81.32-9.48%Buy
ABBVAbbVie$200.47$174.04-13.18%Buy

AMGN Forecast FAQ


Yes, according to 24 Wall Street analysts, Amgen (AMGN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 15 'Buy' recommendations, accounting for 62.50% of AMGN's total ratings.

Amgen (AMGN) average price target is $293.15 with a range of $182 to $380, implying a -7.50% from its last price of $316.91. The data is based on 24 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for AMGN stock, the company can go down by -7.50% (from the last price of $316.91 to the average price target of $293.15), up by 19.91% based on the highest stock price target, and down by -42.57% based on the lowest stock price target.

AMGN's average twelve months analyst stock price target of $293.15 does not support the claim that Amgen can reach $500 in the near future.

3 Wall Street analysts forecast a $334.33 price target for Amgen (AMGN) this month, up 5.50% from its last price of $316.91. Compared to the last 3 and 12 months, the average price target increased by 1.05% and increased by 0.60%, respectively.

Amgen's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $34.35B (high $35.67B, low $32.51B), average EBITDA is $13.98B (high $14.52B, low $13.24B), average net income is $11.26B (high $11.92B, low $10.36B), average SG&A $7.4B (high $7.69B, low $7.01B), and average EPS is $20.77 (high $21.99, low $19.12). AMGN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $33.55B (high $34.83B, low $31.8B), average EBITDA is $13.66B (high $14.18B, low $12.94B), average net income is $10.73B (high $11.27B, low $10B), average SG&A $7.23B (high $7.51B, low $6.85B), and average EPS is $19.8 (high $20.79, low $18.46).

Based on Amgen's last annual report (Dec 2023), the company's revenue was $28.19B, beating the average analysts forecast of $27.87B by 1.15%. Apple's EBITDA was $7.9B, missing the average prediction of $11.82B by -33.18%. The company's net income was $6.72B, missing the average estimation of $9.02B by -25.52%. Apple's SG&A was $6.18B, beating the average forecast of $5.98B by 3.32%. Lastly, the company's EPS was $12.56, missing the average prediction of $17.6 by -28.64%. In terms of the last quarterly report (Dec 2023), Amgen's revenue was $8.2B, beating the average analysts' forecast of $8.13B by 0.86%. The company's EBITDA was $1.27B, missing the average prediction of $3.31B by -61.58%. Amgen's net income was $767M, missing the average estimation of $2.49B by -69.18%. The company's SG&A was $2.27B, beating the average forecast of $1.75B by 29.88%. Lastly, the company's EPS was $1.43, missing the average prediction of $4.59 by -68.85%