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 , Mizuho , Morgan Stanley , Oppenheimer , Piper Sandler , Robert W. Baird , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , TD Cowen , The Goldman Sachs Group , Truist Financial , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$442.84 +4.72 (+1.08%)

Closing price 09/2/2026 04:00 PM Eastern

Extended Trading

$441.58 -1.26 (-0.28%)

As of 07:08 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
13

Buy
14

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, 13 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for AMGN.

Consensus Price Target

$380.43
-14.09% Downside

According to the 30 analysts' twelve-month price targets for Amgen, the average price target is $380.43. The highest price target for AMGN is $460.00, while the lowest price target for AMGN is $200.00. The average price target represents a forecasted downside of -14.09% from the current price of $442.84.

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 9/3/25 to 9/3/26	1 Month Ago 8/4/25 to 8/4/26	3 Months Ago 6/5/25 to 6/5/26	1 Year Ago 9/3/24 to 9/3/25
Strong Buy	1 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)	6 Buy rating(s)
Hold	13 Hold rating(s)	15 Hold rating(s)	14 Hold rating(s)	12 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$380.43	$357.00	$355.19	$304.15
Forecasted Upside	-14.09% Downside	-8.61% Downside	1.61% Upside	7.15% 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	2.39	2.30	2.53
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-14.09% Downside	816.45% Upside	14.19% Upside
News Sentiment Rating	Positive News See Recent AMGN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/20/2026	Piper Sandler 2 of 5 stars	David Amsellem 5 of 5 stars	Boost Target	Overweight	$427.00 ➝ $457.00	+3.31%
8/19/2026	Morgan Stanley 4 of 5 stars	Terence Flynn 5 of 5 stars	Reiterated Rating	Overweight	$362.00	-17.81%
8/19/2026	Argus 3 of 5 stars	Jasper Hellweg Not Rated	Boost Target	Buy	$375.00 ➝ $460.00	+7.04%
8/18/2026	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	$350.00 ➝ $400.00	-4.62%
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	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy (B-) ➝ Buy (B)
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%
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8/5/2026	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	$385.00 ➝ $450.00	+10.82%
8/5/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Yee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$420.00 ➝ $440.00	+7.89%
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	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	$340.00 ➝ $362.00	-7.33%
8/5/2026	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	Boost Target	Outperform	$400.00 ➝ $450.00	+15.20%
8/5/2026	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	$370.00 ➝ $400.00	+2.40%
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%
8/5/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mohit Bansal Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Equal Weight	$390.00 ➝ $400.00	+2.40%
8/5/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Evan David Seigerman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$400.00 ➝ $450.00	+15.20%
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
3/10/2026	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	Initiated Coverage	Buy ➝ Hold	$350.00	-7.15%
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%
12/10/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$425.00	+35.42%
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
9/16/2024	Dbs Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	N. Chen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:17 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, September 2, 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. recently reported strong second-quarter results, beating consensus estimates with earnings per share of $6.29 against an expected $5.62 and revenue of $10.05 billion compared to the $9.43 billion forecast, demonstrating robust operational performance and upward momentum in the company's financial trajectory.
The Phase 3 VESALIUS-CV trial results for Repatha showed a 20% reduction in the risk of death for high-risk patients who had not previously suffered a heart attack or stroke, a potentially market-expanding development that strengthens one of the company's key revenue drivers and supports broader physician adoption.
Amgen Inc. is currently trading at $442.84, which is near its 52-week high of $447.03, reflecting strong investor confidence and a significant price appreciation from its 52-week low of $269.77, indicating a positive market sentiment toward the stock's recent performance.
Analysts are increasingly optimistic about the company's future earnings, with Erste Group Bank raising its FY2027 EPS forecast to $24.43 from $23.50, which is above the broader consensus estimate of $22.97, suggesting that the market may be undervaluing the company's long-term growth potential.
The company maintains a stable dividend yield of 2.34% with a payout ratio of 62.65%, providing a consistent income stream for investors while retaining sufficient earnings to fund its research and development initiatives and future growth opportunities.

Amgen
Bear Case

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

Britain's medicines regulator suspended the use and sale of Amgen's rare-disease drug Tavneos for new patients, citing unreliable data from the main study supporting its approval, which creates regulatory, reputational, and potential revenue risks for the company.
Despite the recent stock price surge, the consensus price target from sell-side analysts is $380.43, which is significantly lower than the current stock price of $442.84, suggesting that the stock may be overvalued relative to analyst expectations and leaving limited room for further upside.
Insiders have been selling shares, with SVP Nancy A. Grygiel selling 2,970 shares and SVP Rachna Khosla selling 1,252 shares in recent transactions, which could signal a lack of confidence from company executives in the stock's future performance or a desire to diversify their personal holdings.
The company has a high debt-to-equity ratio of 4.44, which indicates a significant level of leverage and could limit its financial flexibility to invest in new projects or weather economic downturns, potentially increasing financial risk for shareholders.
While the stock has outperformed the broader market, some analysts note that the elevated valuation could limit additional upside unless earnings and product growth continue to accelerate, creating a risk that the stock may underperform if growth expectations are not met.

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 $380.43, with a high forecast of $460.00 and a low forecast of $200.00.

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 3 sell ratings, 13 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 -14.09% based on their 12-month stock forecasts.

Over the previous 90 days, Amgen's stock had 1 upgrade and 1 downgrade 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, Mizuho, Morgan Stanley, Oppenheimer, Piper Sandler, Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like Amgen more than other "healthcare" companies. The consensus rating score for Amgen is 2.40 while the average consensus rating score for "healthcare" companies is 2.30. 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 8/20/2026.

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Amgen (AMGN) Stock Forecast & Price Target