Amgen Forecast, price target & analysts
Amgen Target price 2025 - Analyst rating & recommendation
Amgen Classifications & Recommendation:
Amgen Price Target
| Target Price | $329.97 |
| Price | $331.49 |
| Deviation | 0.46% |
| Number of Estimates | 32 |
| 32 Analysts have issued a price target Amgen 2026 . The average Amgen target price is $329.97. This is 0.46% lower than the current stock price. The highest price target is $420.00 26.70% , the lowest is $181.80 45.16% . | |
| A rating was issued by 41 analysts: 22 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 0.46% . Most analysts recommend the Amgen stock at Purchase. |
Sales and Margin forecast 2025, 2026 to 2032
35 Analysts have issued a sales forecast Amgen 2025 . The average Amgen sales estimate is $37.0b . This is 3.00% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $38.6b 7.31% , the lowest is $35.2b 2.28% .
This results in the following potential growth metrics:
Revenue Estimates
| 2024 | $33.4b | 18.57% |
|---|---|---|
| 2025 | $37.0b | 10.85% |
| 2026 | $37.7b | 1.71% |
| 2027 | $38.7b | 2.65% |
| 2028 | $39.0b | 0.71% |
| 2029 | $40.3b | 3.47% |
| 2030 | $41.8b | 3.77% |
| 2031 | $42.3b | 1.21% |
| 2032 | $43.2b | 2.07% |
36 Amgen Analysts have issued a net profit forecast 2025. The average Amgen net profit estimate is $11.7b . This is 66.58% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $12.6b 79.83% , the lowest is $10.9b 55.05% .
This results in the following potential growth metrics and future Net Margins:
Net Profit Estimates
| 2024 | $4.1b | 39.11% |
|---|---|---|
| 2025 | $11.7b | 185.31% |
| 2026 | $12.0b | 3.01% |
| 2027 | $12.4b | 3.44% |
| 2028 | $12.7b | 1.80% |
| 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 | 31.50% | 157.42% |
| 2026 | 31.90% | 1.27% |
| 2027 | 32.14% | 0.75% |
| 2028 | 32.49% | 1.09% |
| 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
36 Analysts have issued a Amgen forecast for earnings per share. The average Amgen EPS is $21.69 . This is 67.62% higher than earnings per share in the financial year 2024. The highest EPS forecast is $23.42 80.99% , the lowest is $20.19 56.03% .
This results in the following potential growth metrics and future valuations:
Earnings Per Share
| 2024 | $7.56 | 39.47% |
|---|---|---|
| 2025 | $21.69 | 186.90% |
| 2026 | $22.34 | 3.00% |
| 2027 | $23.11 | 3.45% |
| 2028 | $23.53 | 1.82% |
| 2029 | $24.67 | 4.84% |
| 2030 | $26.18 | 6.12% |
| 2031 | $26.61 | 1.64% |
| 2032 | $27.76 | 4.32% |
P/E ratio
| Current | 25.62 | 23.94% |
|---|---|---|
| 2025 | 15.28 | 40.35% |
| 2026 | 14.84 | 2.88% |
| 2027 | 14.34 | 3.37% |
| 2028 | 14.09 | 1.74% |
| 2029 | 13.44 | 4.61% |
| 2030 | 12.66 | 5.80% |
| 2031 | 12.46 | 1.58% |
| 2032 | 11.94 | 4.17% |
Based on analysts' sales estimates for 2025, the Amgen stock is valued at an EV/Sales of 6.04 and an P/S ratio of 4.82 .
This results in the following potential growth metrics and future valuations:
EV/Sales
| Current | 6.22 | 4.89% |
|---|---|---|
| 2025 | 6.04 | 2.95% |
| 2026 | 5.93 | 1.68% |
| 2027 | 5.78 | 2.58% |
| 2028 | 5.74 | 0.71% |
| 2029 | 5.55 | 3.36% |
| 2030 | 5.35 | 3.64% |
| 2031 | 5.28 | 1.19% |
| 2032 | 5.18 | 2.03% |
P/S ratio
| Current | 4.96 | 14.04% |
|---|---|---|
| 2025 | 4.82 | 2.91% |
| 2026 | 4.74 | 1.68% |
| 2027 | 4.61 | 2.58% |
| 2028 | 4.58 | 0.71% |
| 2029 | 4.43 | 3.36% |
| 2030 | 4.27 | 3.64% |
| 2031 | 4.22 | 1.19% |
| 2032 | 4.13 | 2.03% |
Current Amgen Upgrades & Downgrades
| Analyst | Rating | Action | Date |
|---|---|---|---|
| Morgan Stanley |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Dec 12 2025 |
| Wells Fargo |
Equal-Weight
➜
Equal-Weight
|
Unchanged | Dec 10 2025 |
| BMO Capital |
Outperform
➜
Outperform
|
Unchanged | Dec 03 2025 |
| 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 |
| Analyst Rating | Date |
|---|---|
|
Unchanged
Morgan Stanley:
Equal-Weight
➜
Equal-Weight
|
Dec 12 2025 |
|
Unchanged
Wells Fargo:
Equal-Weight
➜
Equal-Weight
|
Dec 10 2025 |
|
Unchanged
BMO Capital:
Outperform
➜
Outperform
|
Dec 03 2025 |
|
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 |
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