Amgen Inc. (AMGN)

Amgen Stock Forecast

Stock Price Forecast

According to 13 professional analysts, the 12-month price target for Amgen stock ranges from a low of $272 to a high of $381. The average analyst price target of $315.31 forecasts a -4.42% decrease in the stock price over the next year.

Price Target: $315.31 (-4.42%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$272	$315.31	$315	$381
Change	-17.55%	-4.42%	-4.51%	+15.49%

Analyst Ratings

The average analyst rating for Amgen stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	2	2	2	2	0	0
Buy	6	5	5	5	3	3
Hold	10	9	10	10	10	10
Sell	2	2	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	20	18	18	18	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Evan David Seigerman BMO Capital	BMO Capital	Buy Maintains $335 → $372	Buy	Maintains	$335 → $372	+12.76%	Dec 3, 2025
Gregory Renza Truist Securities	Truist Securities	Hold Initiates $298 → $318	Hold	Initiates	$298 → $318	-3.60%	Nov 24, 2025
David Amsellem Piper Sandler	Piper Sandler	Buy Maintains $342 → $381	Buy	Maintains	$342 → $381	+15.49%	Nov 14, 2025
Carter Gould Cantor Fitzgerald	Cantor Fitzgerald	Hold Maintains $305 → $315	Hold	Maintains	$305 → $315	-4.51%	Nov 6, 2025
Terence Flynn Morgan Stanley	Morgan Stanley	Hold Maintains $333 → $329	Hold	Maintains	$333 → $329	-0.27%	Nov 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

37.05B

Increased by 10.85%

from 33.42B

Revenue Next Year

37.68B

Increased by 1.71%

from 37.05B

EPS This Year

21.69

Increased by 186.90%

from 7.56

EPS Next Year

22.34

Increased by 3.01%

from 21.69

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	25.42B	25.98B	26.32B	28.19B	33.42B	37.05B	37.68B
Revenue Growth	8.83%	2.18%	1.32%	7.09%	18.57%	10.85%	1.71%
EPS	12.31	10.28	12.11	12.49	7.56	21.69	22.34
EPS Growth	-4.43%	-16.49%	17.80%	3.14%	-39.47%	186.90%	3.01%
Forward PE	-	-	-	-	-	15.21	14.77
No. Analysts	-	-	-	-	-	36	36

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029	2030
High	38.6B	40.7B
Avg	37.0B	37.7B
Low	35.2B	35.0B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029	2030
High	15.5%	9.8%
Avg	10.8%	1.7%
Low	5.2%	-5.5%

EPS Forecast

EPS	2025	2026	2027	2028	2029	2030
High	23.42	25.71
Avg	21.69	22.34
Low	20.19	19.92

EPS Growth

EPS Growth	2025	2026	2027	2028	2029	2030
High	209.7%	18.6%
Avg	186.9%	3.0%
Low	167.0%	-8.1%

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.