Amgen Inc has a consensus price target of $312.17 based on the ratings of 33 analysts. The high is $405 issued by Cantor Fitzgerald on October 22, 2024. The low is $200 issued by Credit Suisse on July 12, 2023. The 3 most-recent analyst ratings were released by Wells Fargo, Truist Securities, and Piper Sandler on January 10, 2025, January 8, 2025, and January 2, 2025, respectively. With an average price target of $296 between Wells Fargo, Truist Securities, and Piper Sandler, there's an implied 12.73% 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 Wells Fargo on January 10, 2025. The analyst firm set a price target for $280.00 expecting AMGN to rise to within 12 months (a possible 6.63% upside). 44 analyst firms have reported ratings in the last year.
The latest analyst rating for Amgen (NASDAQ:AMGN) was provided by Wells Fargo, and Amgen maintained their equal-weight 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 January 10, 2025 so you should expect the next rating to be made available sometime around January 10, 2026.
While ratings are subjective and will change, the latest Amgen (AMGN) rating was a maintained with a price target of $335.00 to $280.00. The current price Amgen (AMGN) is trading at is $262.58, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.