Wall Street consensus, price target range, and equity research thesis
Wall Street currently rates AMGN buy with a 12-month price target of $394 (-3.0% downside). The sections below cover the bull case, key risks, and latest earnings context for Amgen Inc..
Recent Analyst Actions
1 of 1 analysts raised targets. Recent price target changes and ratings for AMGN.
| Firm | Action | Rating | Price Target |
|---|---|---|---|
| Morgan Stanley | Raised | Equal-Weight | $332$340 |
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Analyst Research Summary
A structured look at the bull case, the risks, and the most recent earnings execution for AMGN.
AMGN beat estimates last quarter. Below are the key reasons analysts remain constructive and the risks that could change that view.
What keeps the long thesis intact
Wall Street rates AMGN buy, giving the bull case institutional backing from 41 analysts.
What can break the setup quickly
Watch whether new negative commentary on AMGN points to these structural risks or is simply reacting to short-term price moves.
Last Quarter
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Quick answers to the most common questions about buying AMGN stock.
AMGN appears fairly valued near today's $406.09 — the consensus rating is "Buy" with a $394 target (-3.0%). This is informational only — verify the data and consider your own risk tolerance before deciding.
Timing depends on your horizon, but the data signals are: consensus rating "Buy" with -3.0% upside to the $394 target. In the past 30 days, 1 of 1 covering analysts raised their price targets — a bullish signal.
AMGN's consensus 12-month price target is $394, set by 41 Wall Street analysts. The bull case high is $460 and the bear case low is $230. From the current price of $406.09, this implies -3.0% upside.
AMGN appears fairly valued — the $394 consensus target is roughly in line with today's $406.09 (-3.0%). It trades at a forward P/E of 17.6x. Targets range from $230 (bear) to $460 (bull), reflecting different assumptions about growth and margins.
AMGN reports next quarter. Earnings-week moves are volatile — historically, analyst targets revise upward after a beat and downward after a miss. The current consensus is "Buy" with a $394 target. Consider position sizing rather than going all-in pre-print.
Of 41 analysts covering Amgen Inc. (AMGN): 0 Strong Buy, 22 Buy, 16 Hold, 3 Sell, 0 Strong Sell — a "Buy" consensus. The 12-month price target is $394 (range $230–$460). Bullish analysts outnumber bearish by more than 2-to-1.
3 of the 41 analysts covering AMGN rate it Sell or Strong Sell. Common concerns include valuation stretch, slowing growth, and sector-specific headwinds — see the Bull vs. Risk cards above for the specific theses on Amgen Inc..
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