What Do Analysts Think About Amgen Inc. (AMGN)?

Amgen Inc. (NASDAQ:AMGN) is one of the best drug stocks to buy right now. Amgen Inc. (NASDAQ:AMGN) reported its fiscal Q2 2025 earnings on August 5, with total revenues increasing 9% to $9.2 billion compared to Q2 2024. GAAP earnings per share (EPS) rose 92% from $1.38 to $2.65, primarily attributed to higher revenues.

Dogs of the Dow: Why Amgen’s (AMGN) Dividend Power Makes it a Standout Pick

In a report released on September 5, Vamil Divan from Guggenheim maintained a Hold rating on Amgen Inc. (NASDAQ:AMGN), setting a price target of $288.00.

However, Raymond James assumed coverage of the stock on September 3 with a Market Perform rating without assigning a price target.

The firm told investors that a meaningful extent of Amgen Inc.’s (NASDAQ:AMGN) valuation is for MariTide, whose clinical profile warrants its place as more of a niche player in the obesity market.

Amgen Inc.’s (NASDAQ:AMGN) analyst consensus is a Moderate Buy, with its median price target of $276.39 implying an upside of 12.16% from current levels.

Amgen Inc. (NASDAQ:AMGN) is a biotechnology company that discovers, develops, manufactures, and markets human therapeutics. It delivers new therapies for patients with complex cancers, especially in areas with significant unmet needs.

While we acknowledge the potential of AMGN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMGN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.