$259.30
1.28% today
NYSE, Dec 30, 10:03 pm CET
ISIN
US0311621009
Symbol
AMGN
Sector
Industry

Amgen Target price 2024 - Analyst rating & recommendation

Amgen Classifications & Recommendation:

Buy
44%
Hold
47%
Sell
9%

Amgen Price Target

Target Price $322.83
Price $259.30
Potential 24.50%
Number of Estimates 23
23 Analysts have issued a price target Amgen 2025 . The average Amgen target price is $322.83. This is 24.50% higher than the current stock price. The highest price target is $405.00 56.19% , the lowest is $195.00 24.80% .
A rating was issued by 34 analysts: 15 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 2025 of 24.50% . Most analysts recommend the Amgen stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028


Dec '23 2024
Estimates
Revenue Billion $ 28.01 33.18
7.35% 18.46%
EBITDA Margin 44.11% 43.00%
8.62% 2.52%
Net Margin 23.97% 14.58%
3.92% 39.17%

27 Analysts have issued a sales forecast Amgen 2024 . The average Amgen sales estimate is $33.2b . This is 2.65% higher than the revenue of the last 12 months(TTM). The highest sales forecast is $33.5b 3.75% , the lowest is $32.9b 1.78% .

This results in the following potential growth metrics:

Revenue Estimates

2023 $28.0b 7.35%
2024 $33.2b 18.46%
2025 $34.4b 3.73%
2026 $34.9b 1.43%
2027 $35.5b 1.72%
2028 $36.3b 2.20%

5 Analysts have issued an Amgen EBITDA forecast 2024. The average Amgen EBITDA estimate is $14.3b . This is 18.06% higher than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is $15.8b 30.74% , the lowest is $10.1b 16.45% .

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

EBITDA Estimates

2023 $12.4b 1.91%
2024 $14.3b 15.47%
2025 $17.8b 24.47%
2026 $17.9b 0.85%
2027 $19.3b 7.76%
2028 $19.7b 2.06%

EBITDA Margin

2023 44.11% 8.62%
2024 43.00% 2.52%
2025 51.60% 20.00%
2026 51.31% 0.56%
2027 54.36% 5.94%
2028 54.28% 0.15%

11 Amgen Analysts have issued a net profit forecast 2024. The average Amgen net profit estimate is $4.8b . This is 15.26% higher than the net profit for the last 12 months(TTM). The highest net profit forecast is $6.3b 49.30% , the lowest is $4.1b 3.19% .

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

Net Profit Estimates

2023 $6.7b 3.14%
2024 $4.8b 27.92%
2025 $5.9b 22.55%
2026 $6.5b 10.31%
2027 $9.1b 38.89%
2028 $10.0b 9.74%

Net Margin

2023 23.97% 3.92%
2024 14.58% 39.17%
2025 17.23% 18.18%
2026 18.74% 8.76%
2027 25.59% 36.55%
2028 27.48% 7.39%

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028


Dec '23 2024
Estimates
Earnings Per Share $ 12.49 9.00
3.14% 27.94%
P/E 29.18
EV/Sales 5.80

11 Analysts have issued a Amgen forecast for earnings per share. The average Amgen <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is $9.00 . This is 15.24% higher than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is $11.66 49.30% , the lowest is $7.56 3.20% .

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

Earnings Per Share

2023 $12.49 3.14%
2024 $9.00 27.94%
2025 $11.03 22.56%
2026 $12.17 10.34%
2027 $16.90 38.87%
2028 $18.55 9.76%

P/E ratio

Current 33.63 66.40%
2024 29.18 13.23%
2025 23.81 18.40%
2026 21.58 9.37%
2027 15.54 27.99%
2028 14.16 8.88%

Based on analysts' sales estimates for 2024, the Amgen stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of 5.80 and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of 4.26 .

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

EV/Sales

Current 5.96 10.78%
2024 5.80 2.62%
2025 5.60 3.60%
2026 5.52 1.41%
2027 5.42 1.69%
2028 5.31 2.15%

P/S ratio

Current 4.37 23.52%
2024 4.26 2.58%
2025 4.10 3.60%
2026 4.04 1.41%
2027 3.98 1.69%
2028 3.89 2.15%

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