$402.98
0.01%
NYSE, Oct 05, 04:13 pm EDT. Closed.
ISIN
US0311621009
Symbol
AMGN

Amgen Target price 2026 - Analyst rating & recommendation

Amgen Classifications & Recommendation

Buy
47%
Hold
47%
Sell
7%

Amgen Price Target

Target Price $405.45
Price $402.98
Potential 0.61%
Number of Estimates 34
34 Analysts have issued a price target Amgen 2027 . The average Amgen target price is $405.45. This is 0.61% higher than the current stock price. The highest price target is $479.85 19.08% , the lowest is $227.25 43.61% .
A rating was issued by 43 analysts: 20 Analysts recommend Amgen to buy, 20 to hold and 3 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Amgen stock has an average upside potential 2027 of 0.61% . Most analysts recommend the Amgen stock at Buy or hold.

Sales and Margin forecast 2026, 2027 to 2033

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Select at least one metric to display the chart.


Dec '25 2026
Estimates
Revenue Billion $ 36.75 39.66
9.95% 7.92%
EBITDA Margin 45.57% 55.90%
0.13% 22.67%
Net Margin 20.98% 32.08%
71.47% 52.89%

35 Analysts have issued a sales forecast Amgen 2026 . The average Amgen sales estimate is

$39.7b
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. This is
4.11% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$41.4b 8.59%
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, the lowest is
$37.0b 2.82%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 $36.8b 9.95%
2026
$39.7b 7.92%
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2027
$41.0b 3.35%
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2028
$42.3b 3.21%
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2029
$43.1b 1.93%
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2030
$44.5b 3.28%
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2031
$45.7b 2.60%
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2032
$46.7b 2.14%
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2033
$46.9b 0.43%
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36 Amgen Analysts have issued a net profit forecast 2026. The average Amgen net profit estimate is

$12.7b
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. This is
45.54% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$13.6b 55.28%
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, the lowest is
$11.9b 36.26%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 $7.7b 88.53%
2026
$12.7b 65.01%
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2027
$13.5b 5.95%
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2028
$14.2b 5.14%
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2029
$14.7b 3.79%
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2030
$15.5b 5.47%
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2031
$16.1b 3.93%
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2032
$16.9b 4.99%
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2033
$17.8b 5.10%
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Net Margin

2025 20.98% 71.47%
2026
32.08% 52.89%
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2027
32.89% 2.52%
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2028
33.51% 1.89%
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2029
34.12% 1.82%
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2030
34.84% 2.11%
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2031
35.29% 1.29%
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2032
36.28% 2.81%
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2033
37.96% 4.63%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2033

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Select at least one metric to display the chart.


Dec '25 2026
Estimates
Earnings Per Share $ 14.23 23.52
88.23% 65.28%
P/E 17.14
EV/Sales 6.59

36 Analysts have issued a Amgen forecast for earnings per share. The average Amgen EPS is

$23.52
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. This is
46.36% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
$25.10 56.19%
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, the lowest is
$22.02 37.03%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 $14.23 88.23%
2026
$23.52 65.28%
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2027
$24.92 5.95%
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2028
$26.20 5.14%
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2029
$27.20 3.82%
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2030
$28.68 5.44%
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2031
$29.81 3.94%
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2032
$31.30 5.00%
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2033
$32.89 5.08%
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P/E ratio

Current 25.08 12.36%
2026
17.14 31.66%
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2027
16.17 5.66%
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2028
15.38 4.89%
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2029
14.82 3.64%
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2030
14.05 5.20%
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2031
13.52 3.77%
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2032
12.88 4.73%
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2033
12.25 4.89%
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Based on analysts' sales estimates for 2026, the Amgen stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 6.86 22.72%
2026
6.59 4.00%
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2027
6.37 3.24%
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2028
6.17 3.11%
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2029
6.06 1.89%
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2030
5.86 3.18%
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2031
5.72 2.53%
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2032
5.60 2.10%
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2033
5.57 0.43%
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P/S ratio

Current 5.72 35.90%
2026
5.49 3.95%
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2027
5.32 3.24%
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2028
5.15 3.11%
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2029
5.05 1.89%
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2030
4.89 3.18%
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2031
4.77 2.53%
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2032
4.67 2.10%
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2033
4.65 0.43%
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Current Amgen Upgrades & Downgrades

Analyst Rating Action Date
Scotiabank
Sector Outperform
➜
Sector Outperform
Unchanged Sep 29 2026
HSBC
Buy
➜
Hold
Downgrade Sep 10 2026
BMO Capital
Outperform
➜
Market Perform
Downgrade Sep 08 2026
Cantor Fitzgerald
Neutral
➜
Neutral
Unchanged Sep 08 2026
Wells Fargo
Equal-Weight
➜
Equal-Weight
Unchanged Sep 04 2026
Piper Sandler
Overweight
➜
Overweight
Unchanged Aug 20 2026
Argus Research
Buy
➜
Buy
Unchanged Aug 19 2026
Analyst Rating Date
Unchanged
Scotiabank:
Sector Outperform
➜
Sector Outperform
Sep 29 2026
Downgrade
HSBC:
Buy
➜
Hold
Sep 10 2026
Downgrade
BMO Capital:
Outperform
➜
Market Perform
Sep 08 2026
Unchanged
Cantor Fitzgerald:
Neutral
➜
Neutral
Sep 08 2026
Unchanged
Wells Fargo:
Equal-Weight
➜
Equal-Weight
Sep 04 2026
Unchanged
Piper Sandler:
Overweight
➜
Overweight
Aug 20 2026
Unchanged
Argus Research:
Buy
➜
Buy
Aug 19 2026

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