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Amgen Inc has a consensus price target of $308.07 based on the ratings of 31 analysts. The high is $405 issued by Cantor Fitzgerald on October 22, 2024. The low is $182 issued by Atlantic Equities on August 9, 2022. The 3 most-recent analyst ratings were released by UBS, Cantor Fitzgerald, and TD Cowen on October 31, 2024, October 22, 2024, and October 21, 2024, respectively. With an average price target of $371.33 between UBS, Cantor Fitzgerald, and TD Cowen, there's an implied 15.98% upside for Amgen Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Amgen (NASDAQ:AMGN) was reported by UBS on October 31, 2024. The analyst firm set a price target for $326.00 expecting AMGN to rise to within 12 months (a possible 2.49% upside). 46 analyst firms have reported ratings in the last year.
The latest analyst rating for Amgen (NASDAQ:AMGN) was provided by UBS, and Amgen maintained their neutral rating.
The last upgrade for Amgen Inc happened on May 3, 2024 when William Blair raised their price target to N/A. William Blair previously had a market perform for Amgen Inc.
The last downgrade for Amgen Inc happened on October 14, 2024 when Truist Securities changed their price target from $320 to $333 for Amgen Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Amgen, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Amgen was filed on October 31, 2024 so you should expect the next rating to be made available sometime around October 31, 2025.
While ratings are subjective and will change, the latest Amgen (AMGN) rating was a maintained with a price target of $335.00 to $326.00. The current price Amgen (AMGN) is trading at is $318.07, which is out of the analyst’s predicted range.
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