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AMGN
Volume: 2.47M

Amgen (AMGN) Stock Forecast & Price Target

Amgen (AMGN) Analyst Ratings

Based on 12 analyst ratings
Hold
Strong Buy 8%
Buy 25%
Hold 58%
Sell 8%
Strong Sell 0%

Bulls say

Amgen has demonstrated robust financial performance, with sales increasing by 40% in 3Q25 compared to the same quarter in the previous year, driven by strong gains in key products such as Repatha and Tezspire. Additionally, management's guidance indicates an R&D growth of over 20% for 2025, which underscores the company's commitment to expanding its innovative pipeline and enhancing its market position. The raise in FY25 revenue guidance from $35.0-$36.0 billion to $35.8-$36.6 billion reflects the firm’s sustained strength across its established drug franchises and the positive impact of recent acquisitions.

Bears say

The analysis highlights a concerning outlook for Amgen as total revenue is projected to grow by only approximately 1% from 2025 to 2026, primarily due to significant expected sales declines for critical products such as Prolia and Xgeva, estimated at about 28% and 39%, respectively. Additionally, the company's research and development expenditures are anticipated to grow at a slower rate which could hinder the pipeline's ability to compensate for the erosion of its established product franchises due to impending losses of exclusivity. Despite Amgen's current position as a high-quality, defensive large-cap biotech company with stable near-term cash flows, the lack of long-term growth drivers raises concerns about its sustainability amidst structural challenges.

Amgen (AMGN) has been analyzed by 12 analysts, with a consensus rating of Hold. 8% of analysts recommend a Strong Buy, 25% recommend Buy, 58% suggest Holding, 8% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Amgen and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Amgen (AMGN) Forecast

Analysts have given Amgen (AMGN) a Hold based on their latest research and market trends.

According to 12 analysts, Amgen (AMGN) has a Hold consensus rating as of Jan 13, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $322.17, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $322.17, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Amgen (AMGN)

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