3.5% Below Target

The consensus price target for AMGN is $349.33, close to the current price of $337.6 (3.5% implied move). Based on 38 analyst estimates, the stock appears fairly valued near current levels.

AMGN has a consensus rating of "Buy" based on 38 Wall Street analysts. The rating breakdown is predominantly bullish, with 22 Buy/Strong Buy ratings. The consensus 12-month price target of $349.33 implies 3.5% upside from current levels.

With a forward P/E of 15.0763x, AMGN trades at a relatively low valuation. The consensus target of $349.33 implies 3.5% appreciation, suggesting the market may be pricing in risks.

The most bullish Wall Street analyst has a price target of $427 for AMGN, while the most conservative target is $185. The consensus of $349.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $638 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

AMGN is heavily covered by Wall Street, with 38 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 22 have Buy ratings, 13 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month AMGN stock forecast based on 38 Wall Street analysts shows a consensus price target of $349.33, with estimates ranging from $185 (bear case) to $427 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $485, with bear/bull scenarios of $305/$638.

Our quantitative valuation model calculates AMGN's fair value at $485 (base case), with a bear case of $305 and bull case of $638. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 54/100.

AMGN trades at a forward P/E ratio of 15.1x based on next-twelve-months earnings estimates compared to a trailing P/E of 23.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

AMGN appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $349.33 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

AMGN analyst price targets range from $185 to $427, a 69% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $349.33 consensus represents the middle ground. Our model's $305-$638 range provides an independent fundamental perspective.