Amgen (AMGN) Stock Forecast & Price Target

Q: What analysts cover Amgen?

Amgen has been rated by research analysts at Argus , Bank of America , Barclays , BMO Capital Markets , Canaccord Genuity Group , Cantor Fitzgerald , Citigroup , Guggenheim , HSBC , Jefferies Financial Group , Mizuho , Morgan Stanley , Oppenheimer , Piper Sandler , Robert W. Baird , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , TD Cowen , Truist Financial , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$417.57 +2.70 (+0.65%)

Closing price 10/12/2026 04:00 PM Eastern

Extended Trading

$421.75 +4.18 (+1.00%)

As of 04:14 AM Eastern

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Amgen - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Hold

Based on 30 Analyst Ratings

Sell
3

Hold
16

Buy
11

Based on 30 Wall Street analysts who have issued ratings for Amgen in the last 12 months, the stock has a consensus rating of "Hold." Out of the 30 analysts, 3 have given a sell rating, 16 have given a hold rating, 10 have given a buy rating, and 1 has given a strong buy rating for AMGN.

Consensus Price Target

$388.29
-7.01% Downside

According to the 30 analysts' twelve-month price targets for Amgen, the average price target is $388.29. The highest price target for AMGN is $500.00, while the lowest price target for AMGN is $200.00. The average price target represents a forecasted downside of -7.01% from the current price of $417.57.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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AMGN Analyst Ratings Over Time

Type	Current Forecast 10/13/25 to 10/13/26	1 Month Ago 9/13/25 to 9/13/26	3 Months Ago 7/15/25 to 7/15/26	1 Year Ago 10/13/24 to 10/13/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	2 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	7 Buy rating(s)
Hold	16 Hold rating(s)	15 Hold rating(s)	15 Hold rating(s)	11 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$388.29	$381.68	$356.62	$309.39
Forecasted Upside	-7.01% Downside	1.15% Upside	-0.48% Downside	5.81% Upside
Consensus Rating	Hold	Hold	Hold	Hold

AMGN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMGN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Amgen Stock vs. The Competition

Type	Amgen	Healthcare Companies	Broader Market
Consensus Rating Score	2.30	2.32	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-7.01% Downside	1,031.69% Upside	19.25% Upside
News Sentiment Rating	Positive News See Recent AMGN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Rating

Upside/Downside

Action

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/12/2026	BMO Capital Markets 3 of 5 stars	Evan David Seigerman 3 of 5 stars	Lower Target	Market Perform	$450.00 ➝ $415.00	-0.17%
10/12/2026	Wells Fargo & Company 3 of 5 stars	Mohit Bansal 4 of 5 stars	Lower Target	Equal Weight	$435.00 ➝ $430.00	+3.65%
10/9/2026	UBS Group 4 of 5 stars	Michael Yee Not Rated	Boost Target	Buy	$430.00 ➝ $470.00	+14.32%
10/8/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy (B) ➝ Buy (B+)
10/8/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Luca Issi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$400.00 ➝ $430.00	+5.49%
10/7/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregory Renza Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$362.00 ➝ $380.00	-8.06%
10/7/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Terence Flynn Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$362.00 ➝ $359.00	-13.08%
10/5/2026	Cantor Fitzgerald Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Carter Gould Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$400.00 ➝ $440.00	+9.17%
9/28/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Louise Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$450.00 ➝ $500.00	+19.68%
9/23/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Akash Tewari Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold	$410.00	-0.06%
Get the Latest News and Ratings for AMGN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Amgen and its competitors with MarketBeat's FREE daily newsletter.
9/23/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jay Olson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform
9/10/2026	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Morten Herholdt Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold	$445.00 ➝ $425.00	+8.62%
8/20/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Amsellem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Overweight	$427.00 ➝ $457.00	+3.31%
8/19/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jasper Hellweg Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$375.00 ➝ $460.00	+7.04%
8/18/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Salim Syed Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$303.00 ➝ $352.00	-16.07%
8/14/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Emily Field Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$360.00 ➝ $380.00	-9.06%
8/10/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Vamil Divan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$343.00 ➝ $388.00	-5.58%
8/7/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Geoff Meacham Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$345.00 ➝ $405.00	+0.04%
8/6/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Courtney Breen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Market Perform	$335.00 ➝ $345.00	-15.41%
8/5/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Yaron Werber Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$420.00 ➝ $452.00	+11.26%
8/5/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Underperform	$215.00 ➝ $230.00	-41.12%
8/5/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Underperform	$312.00 ➝ $317.00	-18.85%
8/5/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Nachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$366.00 ➝ $384.00	-1.70%
6/5/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$389.00	+9.79%
5/13/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$410.00 ➝ $390.00	+17.59%
5/7/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Strong-Buy
5/5/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
3/5/2026	Leerink Partners Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	David Risinger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Market Perform	$355.00	-3.43%
2/18/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sell	$180.00 ➝ $200.00	-46.43%
2/5/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Hold	$285.00 ➝ $295.00	-19.79%
11/10/2025	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$335.00 ➝ $364.00	+13.68%
9/3/2025	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gary Nachman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Market Perform
6/24/2025	William Blair Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform
3/5/2025	Johnson Rice Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$294.00	-10.47%
11/15/2024	Wolfe Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexandria Hammond Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:09 AM ET.

Should I Buy Amgen Stock? AMGN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, October 7, 2026. Please send any questions or comments about these Amgen pros and cons to contact@marketbeat.com.

Amgen
Bull Case

Here are some ways that investors could benefit from investing in Amgen Inc.:

Amgen Inc. demonstrated strong fundamental performance in its most recent quarter, reporting earnings per share of $6.29, which significantly exceeded the consensus estimate of $5.62, while revenue of $10.05 billion also beat expectations and grew 9.5% year-over-year, indicating robust demand for its therapeutic products.
The company maintains a low beta of 0.41, which measures the volatility of the stock relative to the overall market, suggesting that Amgen Inc. shares tend to be less volatile and may provide a defensive characteristic for investors seeking stability during market fluctuations.
Amgen Inc. offers a competitive dividend yield of 2.50%, with a recent quarterly dividend payment of $2.52 per share, providing a consistent income stream for investors while the company maintains a payout ratio of 62.65% that leaves room for future growth and reinvestment.
Recent positive catalysts include the completion of Phase 1 trials for its AMG 513 obesity treatment, adding a new potential growth opportunity in the weight-loss drug market, and the company's participation in a $30 million Series A financing for Arboretum LifeSciences, which provides access to AI-driven genetic testing capabilities for precision medicine.
As of October 7, 2026, the stock is trading at $413.08, which is well above its 52-week low of $288.00 and above its 200-day simple moving average of $371.01, indicating a strong upward trend and sustained investor confidence in the company's trajectory.

Amgen
Bear Case

Investors should be bearish about investing in Amgen Inc. for these reasons:

The current stock price of $413.08 is significantly higher than the average analyst price target of $385.79, suggesting that the stock may be overvalued relative to Wall Street's consensus view, with some analysts like Morgan Stanley lowering their target to $359.00, indicating potential downside risk.
Amgen Inc. carries a high debt-to-equity ratio of 4.44, which indicates that the company relies heavily on debt financing relative to its equity, potentially increasing financial risk and interest expense obligations that could impact future profitability if interest rates remain elevated.
Recent insider activity shows a trend of selling, with senior vice presidents Rachna Khosla and Nancy Grygiel selling a combined total of over 7,000 shares in August 2026, which may signal that company executives are taking advantage of the current high stock prices to reduce their personal holdings.
The company's valuation metrics, including a price-to-earnings ratio of 25.67 and a PEG ratio of 2.91, are relatively high compared to many peers, suggesting that investors are paying a premium for Amgen Inc.'s earnings growth, which may limit future upside potential if growth slows.
Short interest in the stock has increased slightly, with shares shorted rising to 14,063,517 in the most recent reporting period, and days to cover at 4.94, indicating that some market participants are betting against the stock's future performance, which could create selling pressure if the trend continues.

AMGN Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for Amgen is $388.29, with a high forecast of $500.00 and a low forecast of $200.00.

30 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last year. There are currently 3 sell ratings, 16 hold ratings, 10 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" AMGN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMGN, but not buy additional shares or sell existing shares.

According to analysts, Amgen's stock has a predicted downside of -7.01% based on their 12-month stock forecasts.

Over the previous 90 days, Amgen's stock had 3 downgrades and 2 upgrades by analysts.

Amgen has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Guggenheim, HSBC, Jefferies Financial Group, Mizuho, Morgan Stanley, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, TD Cowen, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Amgen less than other "healthcare" companies. The consensus rating score for Amgen is 2.30 while the average consensus rating score for "healthcare" companies is 2.32. Learn more on how AMGN compares to other companies.

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MarketBeat monitors more than a dozen sources for Amgen analyst ratings, with the most recent rating issued on 10/12/2026.

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Amgen (AMGN) Stock Forecast & Price Target