Amgen Forecast, price target & analysts
Amgen Target price 2025 - Analyst rating & recommendation
Amgen Classifications & Recommendation:
Amgen Price Target
| Target Price | $321.30 |
| Price | $344.57 |
| Deviation | 6.75% |
| Number of Estimates | 31 |
| 31 Analysts have issued a price target Amgen 2026 . The average Amgen target price is $321.30. This is 6.75% lower than the current stock price. The highest price target is $425.25 23.41% , the lowest is $181.80 47.24% . | |
| A rating was issued by 40 analysts: 21 Analysts recommend Amgen to buy, 16 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 2026 of 6.75% . Most analysts recommend the Amgen stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
34 Analysts have issued a sales forecast Amgen 2025 . The average Amgen sales estimate is $36.4b . This is 1.12% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $38.0b 5.77% , the lowest is $34.4b 4.50% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $33.4b | 18.57% |
|---|---|---|
| 2025 | $36.4b | 8.82% |
| 2026 | $37.0b | 1.84% |
| 2027 | $38.1b | 2.73% |
| 2028 | $39.0b | 2.37% |
| 2029 | $40.3b | 3.47% |
| 2030 | $41.8b | 3.77% |
| 2031 | $42.3b | 1.21% |
| 2032 | $43.2b | 2.07% |
34 Amgen Analysts have issued a net profit forecast 2025. The average Amgen net profit estimate is $11.5b . This is 64.74% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $12.1b 73.14% , the lowest is $10.8b 54.67% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $4.1b | 39.11% |
|---|---|---|
| 2025 | $11.5b | 182.15% |
| 2026 | $11.8b | 2.57% |
| 2027 | $12.3b | 3.91% |
| 2028 | $12.7b | 2.91% |
| 2029 | $13.3b | 4.87% |
| 2030 | $14.1b | 6.11% |
| 2031 | $14.3b | 1.65% |
| 2032 | $14.9b | 4.34% |
Net Margin
| 2024 | 12.24% | 48.64% |
|---|---|---|
| 2025 | 31.73% | 159.30% |
| 2026 | 31.95% | 0.69% |
| 2027 | 32.32% | 1.16% |
| 2028 | 32.49% | 0.53% |
| 2029 | 32.93% | 1.35% |
| 2030 | 33.67% | 2.25% |
| 2031 | 33.81% | 0.42% |
| 2032 | 34.57% | 2.25% |
Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2032
34 Analysts have issued a Amgen forecast for earnings per share. The average Amgen EPS is $21.45 . This is 65.77% higher than earnings per share in the financial year 2024. The highest EPS forecast is $22.54 74.19% , the lowest is $20.14 55.64% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $7.56 | 39.47% |
|---|---|---|
| 2025 | $21.45 | 183.73% |
| 2026 | $22.00 | 2.56% |
| 2027 | $22.86 | 3.91% |
| 2028 | $23.53 | 2.93% |
| 2029 | $24.67 | 4.84% |
| 2030 | $26.18 | 6.12% |
| 2031 | $26.61 | 1.64% |
| 2032 | $27.76 | 4.32% |
P/E ratio
| Current | 26.63 | 29.30% |
|---|---|---|
| 2025 | 16.06 | 39.69% |
| 2026 | 15.66 | 2.49% |
| 2027 | 15.07 | 3.77% |
| 2028 | 14.65 | 2.79% |
| 2029 | 13.97 | 4.64% |
| 2030 | 13.16 | 5.80% |
| 2031 | 12.95 | 1.60% |
| 2032 | 12.41 | 4.17% |
Based on analysts' sales estimates for 2025, the Amgen stock is valued at an EV/Sales of 6.34 and an P/S ratio of 5.10 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 6.41 | 0.62% |
|---|---|---|
| 2025 | 6.34 | 1.06% |
| 2026 | 6.23 | 1.81% |
| 2027 | 6.06 | 2.66% |
| 2028 | 5.92 | 2.32% |
| 2029 | 5.72 | 3.36% |
| 2030 | 5.51 | 3.64% |
| 2031 | 5.45 | 1.19% |
| 2032 | 5.34 | 2.03% |
P/S ratio
| Current | 5.16 | 6.00% |
|---|---|---|
| 2025 | 5.10 | 1.11% |
| 2026 | 5.01 | 1.81% |
| 2027 | 4.88 | 2.66% |
| 2028 | 4.76 | 2.32% |
| 2029 | 4.60 | 3.36% |
| 2030 | 4.44 | 3.63% |
| 2031 | 4.38 | 1.19% |
| 2032 | 4.29 | 2.03% |
Current Amgen Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Piper Sandler |
Overweight
➜
Overweight
|
Unchanged | Nov 14 2025 |
| Cantor Fitzgerald |
Neutral
➜
Neutral
|
Unchanged | Nov 06 2025 |
| Morgan Stanley |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Nov 05 2025 |
| Wells Fargo |
Overweight
➜
Overweight
|
Unchanged | Nov 05 2025 |
| B of A Securities |
Underperform
➜
Underperform
|
Unchanged | Sep 26 2025 |
| Piper Sandler |
Overweight
➜
Overweight
|
Unchanged | Aug 25 2025 |
| Citigroup |
Neutral
➜
Neutral
|
Unchanged | Aug 06 2025 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Piper Sandler:
Overweight
➜
Overweight
|
Nov 14 2025 |
|
Unchanged
Cantor Fitzgerald:
Neutral
➜
Neutral
|
Nov 06 2025 |
|
Unchanged
Morgan Stanley:
Equal-Weight
➜
Equal-Weight
|
Nov 05 2025 |
|
Unchanged
Wells Fargo:
Overweight
➜
Overweight
|
Nov 05 2025 |
|
Unchanged
B of A Securities:
Underperform
➜
Underperform
|
Sep 26 2025 |
|
Unchanged
Piper Sandler:
Overweight
➜
Overweight
|
Aug 25 2025 |
|
Unchanged
Citigroup:
Neutral
➜
Neutral
|
Aug 06 2025 |
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