AMGEN INC (AMGN) Forecast, Price Target & Analyst Ratings

NASDAQ:AMGN • US0311621009

Current stock price

344.55 USD
-4.07 (-1.17%)
At close:
344.64 USD
+0.09 (+0.03%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for AMGEN INC (AMGN).

Forecast Snapshot

Consensus Price Target

Price Target
$360.85
+ 4.73% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 30, 2026
Period
Q1 / 2026
EPS Estimate
$4.87
Revenue Estimate
8.75B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
70.70%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$360.85
Upside
+ 4.73%
From current price of $344.55 to mean target of $360.85, Based on 43 analyst forecasts
Low
$202.00
Median
$359.04
High
$453.60

Price Target Revisions

1 Month
0.17%
3 Months
6.47%

Price Target Summary

43 Wall Street analysts provided a forecast for the next 12 months for AMGN. The average price target is 360.85 USD. This implies a price increase of 4.73% is expected in the next year compared to the current price of 344.55.
The average price target has been revised upward by 6.47% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

AMGN Current Analyst RatingAMGN Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10 15

Analyst Ratings History

AMGN Historical Analyst RatingsAMGN Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30 40

Analyst Ratings Consensus

ChartMill Buy Consensus
70.70%
AMGN was analyzed by 43 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about AMGN.
In the previous month the buy percentage consensus was at a similar level.
AMGN was analyzed by 43 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-04-21Canaccord GenuityInitiate Hold
2026-04-13UBSMaintains Buy -> Buy
2026-04-10Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2026-04-09GuggenheimMaintains Neutral -> Neutral
2026-04-08Cantor FitzgeraldReiterate Neutral -> Neutral
2026-03-10JefferiesInitiate Hold
2026-02-20BarclaysInitiate Equal-Weight
2026-02-19Wells FargoMaintains Equal-Weight -> Equal-Weight
2026-02-18Piper SandlerMaintains Overweight -> Overweight
2026-02-06GuggenheimMaintains Neutral -> Neutral
2026-02-06Argus ResearchMaintains Buy -> Buy
2026-02-04Leerink PartnersMaintains Outperform -> Outperform
2026-02-04Cantor FitzgeraldMaintains Neutral -> Neutral
2026-02-04Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2026-02-04CitigroupMaintains Neutral -> Neutral
2026-01-26UBSMaintains Buy -> Buy
2026-01-20BernsteinDowngrade Outperform -> Market Perform
2026-01-08Truist SecuritiesMaintains Hold -> Hold
2025-12-12Morgan StanleyMaintains Equal-Weight -> Equal-Weight
2025-12-10Wells FargoMaintains Equal-Weight -> Equal-Weight
2025-12-03BMO CapitalMaintains Outperform -> Outperform
2025-11-14Piper SandlerMaintains Overweight -> Overweight
2025-11-06Cantor FitzgeraldMaintains Neutral -> Neutral
2025-11-05Wells FargoMaintains Overweight -> Overweight
2025-11-05Morgan StanleyMaintains Equal-Weight -> Equal-Weight

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 30, 2026
Period
Q1 / 2026
EPS Estimate
$4.87
Revenue Estimate
8.75B
Revenue Q2Q
7.38%
EPS Q2Q
-0.68%
Number of Analysts
28

Next Earnings Revisions

Revenue (1 Month)
-0.39%
Revenue (3 Months)
-0.62%
EPS (1 Month)
-0.20%
EPS (3 Months)
-6.02%

Next Earnings Summary

AMGN is expected to report earnings on 4/30/2026. The consensus EPS estimate for the next earnings is 4.87 USD and the consensus revenue estimate is 8.75B USD.
The next earnings revenue estimate has been revised downward by 0.62% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2033

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033
Revenue
YoY % growth
AMGN revenue by date.AMGN revenue by date.
28.19B
7.09%		33.424B
18.57%		36.751B
9.95%		38.587B
5.00%		39.533B
2.45%		40.558B
2.59%		42.067B
3.72%		43.321B
2.98%		44.356B
2.39%		45.205B
1.91%		45.395B
0.42%
EBITDA
YoY % growth
AMGN ebitda by date.AMGN ebitda by date.
12.235B
-9.70%		15.25B
24.64%		N/A
41.63%		21.384B
-1.00%		21.622B
1.11%		21.308B
-1.45%		23.607B
10.79%		24.463B
3.63%		24.886B
1.73%		24.979B
0.37%		25.563B
2.34%
EBIT
YoY % growth
AMGN ebit by date.AMGN ebit by date.
8.164B
-19.43%		9.658B
18.30%		16.189B
67.62%		17.027B
5.18%		17.295B
1.57%		17.665B
2.14%		18.44B
4.39%		19.799B
7.37%		20.401B
3.04%		21.204B
3.94%		21.524B
1.51%
Operating Margin
AMGN operating margin by date.AMGN operating margin by date.
28.96%28.90%44.05%44.13%43.75%43.55%43.83%45.70%45.99%46.91%47.41%
EPS
YoY % growth
AMGN eps by date.AMGN eps by date.
18.65
5.43%		19.82
6.27%		21.85
10.24%		22.84
4.51%		23.76
4.06%		24.94
4.94%		25.74
3.23%		27.74
7.76%		28.97
4.42%		30.46
5.16%		31.88
4.67%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		4.87
-0.68%		5.88
-2.27%		5.90
4.67%		6.10
15.37%		5.24
7.65%		5.80
-1.35%		5.87
-0.58%		6.14
0.65%
Revenue
Q2Q % growth		8.75B
7.38%		9.646B
5.09%		9.872B
3.30%		10.214B
3.53%		9.156B
4.64%		9.825B
1.86%		10.031B
1.61%		10.426B
2.08%
EBITDA
Q2Q % growth		4.859B
30.34%		5.843B
2.10%		6.493B
-11.04%		7.195B
46.54%		N/AN/AN/AN/A
EBIT
Q2Q % growth		3.729B
59.29%		4.357B
45.48%		4.406B
34.99%		4.443B
12.08%		4.021B
7.83%		4.305B
-1.19%		4.356B
-1.13%		4.442B
-0.02%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

AMGN Yearly Revenue VS EstimatesAMGN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
AMGN Yearly EPS VS EstimatesAMGN Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
4.50%
EPS Next 5 Year
4.89%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
3.05%
Revenue Next 5 Year
3.17%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
9.49%
EBIT Next 5 Year
8.55%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

AMGEN INC / AMGN Forecast FAQ

What do analysts expect the price target to be for AMGEN INC (AMGN)?

43 analysts have analysed AMGN and the average price target is 360.85 USD. This implies a price increase of 4.73% is expected in the next year compared to the current price of 344.55.

When does AMGEN INC (AMGN) report earnings?

AMGEN INC (AMGN) will report earnings on 2026-04-30, after the market close.

What are the consensus estimates for AMGEN INC (AMGN) next earnings?

The consensus EPS estimate for the next earnings of AMGEN INC (AMGN) is 4.87 USD and the consensus revenue estimate is 8.75B USD.

How many analysts cover AMGEN INC (AMGN) stock?

The number of analysts covering AMGEN INC (AMGN) is 43.