Amgen (AMGN) Stock Forecast & Price Target

$329.59 +5.74 (+1.77%)

Closing price 04:00 PM Eastern

Extended Trading

$328.45 -1.14 (-0.34%)

As of 04:29 PM Eastern

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

Consensus Rating

Hold

Based on 31 Analyst Ratings

Sell
2

Hold
15

Buy
14

Based on 31 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 31 analysts, 2 have given a sell rating, 15 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for AMGN.

Consensus Price Target

$357.12
8.35% Upside

According to the 31 analysts' twelve-month price targets for Amgen, the average price target is $357.12. The highest price target for AMGN is $432.00, while the lowest price target for AMGN is $200.00. The average price target represents a forecasted upside of 8.35% from the current price of $329.59.

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 5/5/25 to 5/5/26	1 Month Ago 4/5/25 to 4/5/26	3 Months Ago 2/4/25 to 2/4/26	1 Year Ago 5/5/24 to 5/5/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	13 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	8 Buy rating(s)
Hold	15 Hold rating(s)	13 Hold rating(s)	10 Hold rating(s)	10 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$357.12	$354.60	$346.35	$308.10
Forecasted Upside	8.35% Upside	1.91% Upside	-5.43% Downside	10.01% Upside
Consensus Rating	Hold	Hold	Moderate Buy	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	Medical Companies	S&P 500
Consensus Rating Score	2.42	2.30	2.52
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	9.29% Upside	888.67% Upside	14.60% 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
5/5/2026	Erste Group Bank 2 of 5 stars		Reiterated Rating	Buy ➝ Hold
5/4/2026	Guggenheim 5 of 5 stars	Vamil Divan 5 of 5 stars	Lower Target	Neutral	$351.00 ➝ $340.00	+3.09%
5/1/2026	Morgan Stanley 3 of 5 stars	Terence Flynn 4 of 5 stars	Set Target		$332.00	+1.83%
5/1/2026	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	$325.00 ➝ $327.00	-0.48%
5/1/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$415.00 ➝ $425.00	+29.84%
4/20/2026	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	Initiated Coverage	Hold	$366.00	+4.52%
4/13/2026	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	$390.00 ➝ $400.00	+14.34%
4/8/2026	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	Reiterated Rating	Neutral	$350.00	+2.94%
4/7/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$360.00 ➝ $370.00	+9.94%
3/19/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Equal Weight	$375.00 ➝ $390.00	+10.96%
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.
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%
2/20/2026	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	Initiated Coverage	Equal Weight	$350.00	-6.22%
2/18/2026	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	$381.00 ➝ $432.00	+15.71%
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%
2/12/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
2/10/2026	Mizuho Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$280.00 ➝ $295.00	-19.10%
2/10/2026	Daiwa Securities Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	$370.00 ➝ $410.00	+9.09%
2/6/2026	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	$360.00 ➝ $400.00	+6.33%
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%
2/4/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
2/4/2026	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	$315.00 ➝ $345.00	+1.89%
1/29/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Outperform	$400.00	+16.15%
1/20/2026	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	Downgrade	Outperform ➝ Market Perform	$335.00	+1.93%
12/29/2025	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy (B)
12/10/2025	HSBC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy	$425.00	+35.42%
12/3/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Evan Seigerman Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$335.00 ➝ $372.00	+9.94%
11/13/2025	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Sector Outperform	$385.00	+14.49%
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%
9/26/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tim Anderson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Underperform	$261.00 ➝ $272.00	+0.05%
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
9/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Underperform	$215.00 ➝ $215.00	-31.92%
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 Tuesday at 04:30 PM 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 Sunday, May 3, 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 earnings, with earnings per share exceeding analysts' expectations, indicating robust financial performance and potential for continued growth.
The company has raised its revenue guidance for 2026, reflecting confidence in its growth strategy and the ability to offset declines from legacy products.
Recent advancements in the MariTide product line show promise, with new studies initiated that could enhance its market position and reduce side effects, potentially leading to increased sales.
The current stock price is around $346, which may present a buying opportunity for investors looking to enter at a favorable valuation.
Amgen Inc. has a solid dividend yield of approximately 3.1%, providing a steady income stream for investors while they hold the stock.

Amgen
Bear Case

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

There is investor apprehension regarding Amgen's aggressive strategy in the obesity market, which may impact short-term profits and create volatility.
The company faces risks related to the potential withdrawal of FDA approval for its Tavneos product, which could negatively affect revenue streams.
Amgen Inc. is experiencing accelerated erosion of some of its legacy brands, which could lead to declining sales and profitability in the near term.
High debt-to-equity ratio indicates that the company is heavily leveraged, which could pose risks in a rising interest rate environment or economic downturn.
Recent market commentary has expressed concerns about the timing and effectiveness of Amgen's strategic initiatives, which may lead to uncertainty among investors.

AMGN Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Amgen is $357.12, with a high forecast of $432.00 and a low forecast of $200.00.
: 31 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amgen in the last twelve months. There are currently 2 sell ratings, 15 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 upside of 8.35% 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, Barclays, Canaccord Genuity Group, Cantor Fitzgerald, Citigroup, Daiwa Securities Group, Deutsche Bank Aktiengesellschaft, Erste Group Bank, Freedom Capital, Guggenheim, Jefferies Financial Group, Leerink Partners, Mizuho, Morgan Stanley, Piper Sandler, Rothschild & Co Redburn, Royal Bank Of Canada, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Amgen more than other "medical" companies. The consensus rating score for Amgen is 2.42 while the average consensus rating score for "medical" companies is 2.30. Learn more on how AMGN compares to other companies.

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This page (NASDAQ:AMGN) was last updated on 5/5/2026 by MarketBeat.com Staff.

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Amgen (AMGN) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

AMGN Analyst Ratings Over Time

AMGN Analyst Recommendations By Month

AMGN Price Targets by Month

Amgen Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Amgen Stock? AMGN Pros and Cons Explained

Amgen
Bull Case

Amgen
Bear Case

AMGN Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Amgen Recommendations

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Amgen (AMGN) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

AMGN Analyst Ratings Over Time

AMGN Analyst Recommendations By Month

AMGN Price Targets by Month

Amgen Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

Should I Buy Amgen Stock? AMGN Pros and Cons Explained

Amgen Bull Case

Amgen Bear Case

AMGN Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Amgen Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Amgen
Bull Case

Amgen
Bear Case