Amgen (AMGN.US) Price Target 2026/2027: -10% Upside + 2.6% Dividend

402,46
-1,32%
Price history for Amgen (AMGN.US) – stock price at 402.46 $, August 2026
Amgen stock price – price development 2026. Updated Aug 6, 2026.
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Amgen Price Target 2026: Analysts See 11% Downside

The average price target for Amgen is $357.03. This price target represents the analysts' view of the stock price over the next 12 months. The stock appears overvalued, because the price target is lower than the current price. It is -11,29% above the target, and analysts expect the price to fall over the next 12 months. Even if the stock may be overvalued, price momentum can last longer than expected. That is why it is important to keep an eye on the stock and its momentum on an ongoing basis. WallStreetBuys helps you with the technical analysis and keeps you up to date on the development.

Is Amgen overvalued or undervalued?

Amgen is currently overvalued with a gap of 11.3% relative to the price target.


The current price is $402.46, which places Amgen in the overvalued category. The stock is considered undervalued when the price is below $321.33, and overvalued when the price exceeds $392.73.


The fair value range is defined as ±10% of the price target, because price targets are estimates rather than exact values. For Amgen, the fair value range lies between $321.33 and $392.73.


See the full price target analysis for Amgen →

Analyst Ratings for Amgen stock in 2026: Buy

32 analysts cover Amgen. The ratings are mixed, with 46.9% Buy, 43.8% Hold and 9.4% Sell. The average price target is $357.03, which is 11.3% below the current price.

Consensus: Buy (3.63/5)
Strong Buy
10 (31.3%)
Buy
5 (15.6%)
Hold
14 (43.8%)
Sell
1 (3.1%)
Strong Sell
2 (6.3%)
Strong Sell Sell Hold Buy Strong Buy
3.63 out of 5 based on 32 analysts

About Amgen – Drug Manufacturers - General

Amgen laver og sælger medicin globalt. De opdager, udvikler og producerer behandlinger til folk med alvorlige sygdomme, især inden for betændelse, kræft, hjerte-kar-lidelser og knoglesundhed. Amgen tjener især penge på salget af store lægemidler. De er kendt for produkter som Enbrel mod leddegigt og psoriasis, og Neulasta, der hjælper kræftpatienter med at undgå infektioner. Amgen sælger også Prolia, der behandler knogleskørhed hos kvinder. Virksomheden blev grundlagt i 1980 og driver forretning i mange lande, hvor de leverer disse terapeutiske behandlinger. De har flere tusinde ansatte, der arbejder med at få medicinen ud til patienterne. Read more about the company

Key Figures for Amgen

$ 210B Market cap
$ 37,2B Revenue
Drug Manufacturers - General Industry
27.16 P/E
5.66 P/S
22.62 P/B
USA Listed on exchange
amgen.com Website
Sundhed Sector

What kind of stock is Amgen?

Dividend stock Quality stock Momentum stock

Amgen is classified as a dividend stock and quality stock and momentum stock. This means the stock combines several attractive traits, including a dividend of 2.6%, strong financial health (Piotroski 8/9), and strong price momentum.

Score Overview for Amgen

💰 Value Score 33/100 (Low)
⭐ Quality Score 89/100 (Very High)
🚀 Momentum Score 88/100 (Very High)
📊 Total Score 70/100

⚠️ 2 red flags identified 1 critical

Our analysis has identified 2 potential risk factors in Amgen that investors should be aware of.

🚨 High debt: The debt-to-equity ratio is 1,463% – the company carries considerably more debt than equity, which raises the financial risk.
⚠️ Weak balance sheet (elevated risk): Altman Z2 is 0.86 – the balance sheet is measurably weaker than average. This is a risk signal based on the numbers, not a bankruptcy prediction.

📈 Valuation

Amgen trades at a P/E ratio of 27.2, which is above the market average. The forward P/E is 17.3 (36% lower), which suggests the market expects rising earnings. The P/S ratio is 5.7 (high — the market pays a premium for the revenue). The P/B ratio is 22.6. The PEG ratio is 2.11 — above 2.0 suggests the stock is expensive relative to its growth rate.

💵 Profitability & Growth

Amgen has a profit margin of 21.0% (excellent) and an operating margin of 33.8%. Return on equity (ROE) is 101.3% — excellent return on equity. Return on assets (ROA) is 8.4%. The latest quarterly earnings grew 4.4% year over year.

🏦 Financial Health

The Piotroski score is 8 out of 9 — excellent financial health. Altman Z2 is 0.86 (weak balance sheet — elevated risk). The debt-to-equity ratio (D/E) is 1,462.7% — high debt, which raises the risk.

🚀 Momentum & Short Interest

Short interest is 2.38%.

Amgen Dividend 2026: 2.6% Dividend Yield

Dividend Key Figures for Amgen in 2026

Dividend yield
2.55%
Dividend per share
2.52 USD
Payout ratio
44.4%
Healthy
Dividend growth (5 years)
-25.6%
Avg. annual dividend (3 years)
7.43 USD

When does Amgen pay a dividend in 2026?

Latest ex-dividend date (traded without the dividend)
August 21, 2026
Next dividend payment
September 11, 2026
Latest payment date
September 11, 2026

How much does Amgen pay in dividends?

Amgen pays dividends to its shareholders. The most recently paid dividend was 2.52 USD per share, which corresponds to a dividend yield of 2.55%. Over the last 5 years, the annual dividend has fallen by 25.6%.

The payout ratio is 44.4%, which is considered healthy and sustainable. The company balances rewarding shareholders with reinvesting in growth.

Historical Dividend Payments for Amgen

We have registered dividend payments for Amgen since 2020-02-13. In that period the stock has paid a dividend 25 times, most recently on 2026-08-21. This stock qualifies as a stable dividend stock, because it has paid a dividend at least once a year for the last 5 years. That makes it attractive to investors looking for steady, regular dividend payments.

Ex-datePayment dateAmountCurrencyPeriod
2026-08-212026-09-112.52USDUnknown period
2026-05-152026-06-052.52USDUnknown period
2026-02-132026-03-062.52USDUnknown period
2025-11-212025-12-122.38USDUnknown period
2025-08-222025-09-122.38USDUnknown period
2024-11-182024-12-092.25USDUnknown period
2024-08-162024-09-062.25USDUnknown period
2024-05-162024-06-072.25USDUnknown period
2024-02-152024-03-072.25USDUnknown period
2023-11-162023-12-082.13USDUnknown period
2023-08-172023-09-082.13USDUnknown period
2023-05-172023-06-082.13USDUnknown period
2023-02-142023-03-082.13USDUnknown period
2022-11-162022-12-081.94USDUnknown period
2022-08-172022-09-081.94USDUnknown period
2022-05-162022-06-081.94USDUnknown period
2022-02-142022-03-081.94USDUnknown period
2021-11-152021-12-081.76USDUnknown period
2021-08-162021-09-081.76USDUnknown period
2021-05-142021-06-081.76USDUnknown period
2021-02-122021-03-081.76USDUnknown period
2020-11-132020-12-081.60USDUnknown period
2020-08-142020-09-081.60USDUnknown period
2020-05-152020-06-081.60USDUnknown period
2020-02-132020-03-061.60USDUnknown period

Insider Trading in Amgen 2026: The Signal Is negative

In 2026, insiders at Amgen have made 20 transactions, all of which were sales. On a net basis, insiders took 2,733,302 $ out of the stock. Active insiders include Santos Esteban, REESE DAVID M, Miller Derek and others.

Short-Term Signal (3 months): No activity

There has been no insider trading in the last 3 months.

Long-Term Signal (all transactions): Negative

Insiders have exclusively sold shares in the recent period. This can suggest management sees limited opportunity.

Across the last 20 transactions: 0 purchases and 20 sales. A net 2,733,302 $ out of the stock.

Latest sale: Santos Esteban sold 522 shares at 331 $ each on 2026-05-07.

Who is selling: Santos Esteban, REESE DAVID M, Miller Derek, Khosla Rachna, Grygiel Nancy A. and others.

Latest Insider Trades in Amgen (2026)

The table shows the last 20 reported insider transactions in Amgen. Green rows are purchases, red rows are sales. The data is based on official filings.

Transaction date Name Type Number of shares Price per share ($) Total amount ($)
2026-05-07 Santos Esteban Sell 522 331 172,839
2026-05-07 REESE DAVID M Sell 556 331 184,097
2026-05-07 Miller Derek Sell 151 331 49,998
2026-05-07 Khosla Rachna Sell 93 331 30,793
2026-05-07 Grygiel Nancy A. Sell 88 331 29,138
2026-05-07 Griffith Peter H. Sell 556 331 184,097
2026-05-07 Graham Jonathan P Sell 499 331 165,224
2026-05-07 Gordon Murdo Sell 615 331 203,633
2026-05-07 Busch Matthew C. Sell 41 331 13,576
2026-05-07 Bradway Robert A Sell 2,079 331 688,378

Who is buying and selling Amgen shares in 2026?

The following insiders have sold shares: Santos Esteban, REESE DAVID M, Miller Derek, Khosla Rachna, Grygiel Nancy A. and others. In total, 2,733,302 $ was sold across 20 transactions. Insider trades are legal transactions in which executives and board members buy or sell shares of their own company. These transactions are reported to the SEC and are publicly available.

Amgen Short Selling 2026: 2.4% Sold Short

Moderate short interest: 2.4% of the free float
Short % of free float
2.4%
Assessment
Moderate short interest
Short squeeze risk
Low
Data source
SEC
Updated daily
The stock has a moderate share of short selling. Between 2-5% of the freely traded shares are sold short, which is within the normal range for most stocks.

Data is updated daily based on official filings with the SEC.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
2.4%

When Does Amgen Report Earnings?

The next earnings date for Amgen is not yet available. Check the company's investor calendar for more information.



Technical Analysis of Amgen 2026 – Signal: Strong Buy

Overall Technical Signal: Strong Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated August 6, 2026.

Technical analysis of Amgen (AMGN.US) – RSI 73, MACD positive (bullish), daily candlestick chart August 2026
Amgen technical analysis – candlestick chart with RSI and MACD. Updated Aug 6, 2026.

Trend Analysis of Amgen Inc

Amgen Inc is in a short-term uptrend. The price of $407.83 is 8.9% above the 20-day average ($374.47). Medium term, the picture is positive: the price is 13.6% above the 50-day average ($359.11). Long term, the stock is 19.1% above the 200-day average ($342.30), which confirms a long-term uptrend.

Golden Cross: The 50-day average (359.11) is above the 200-day average (342.30), which is a classic bullish signal for Amgen Inc.

Is Amgen Inc overbought or oversold?

Amgen Inc has an RSI of 72.5, which places the stock in overbought territory (above 70). Even though the stock is overbought, the broader trend is positive. A short-term pullback is possible, but the trend still supports the price.

MACD Analysis for Amgen Inc

Daily MACD: MACD is positive (10.012), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is above the signal line (7.969) by 2.043, which confirms rising momentum in the uptrend.

Weekly MACD: MACD5 is positive (11.640), which indicates a broader bullish long-term trend. MACD5 is above the signal line (7.897) by 3.743, which confirms rising long-term momentum.

Overall MACD assessment: Both the daily and weekly MACD are positive and above their signal lines. Trend and momentum confirm each other across time horizons – the strongest bullish signal.

Risk Profile for Amgen Inc

Amgen Inc has an annual standard deviation of 27.4%, which classifies the stock as moderately low risk. There is some volatility, but the price is relatively stable.

Overall Technical Conclusion for Amgen Inc

Trend: Positive. The price trades above SMA50 and SMA200.

MACD trend (zero line): Daily bullish (10.012). Weekly bullish (11.640).

MACD momentum (signal): Daily rising. Weekly rising.

RSI: 72.5 – overbought.

Technical signal: Strong Buy

The price is in an uptrend (above SMA50/SMA200) and MACD is positive on both a daily and weekly basis. Trend and MACD trend confirm each other – the strongest technical buy signal.

Frequently Asked Questions About Amgen stock in 2026

Should you buy Amgen stock now?
Yes, the technical signal for Amgen is currently BUY. Amgen trades at $402.46 as of 8/6/2026. The overall technical signal is: Strong Buy. The technical analysis shows the following: MACD is positive (bullish trend) at 10.012 with rising momentum (signal: 7.969); RSI is at 72.5 (overbought), suggesting the price may have risen too quickly; the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $357.03 is 11.3% below the current price. The stock is in a broader uptrend (above SMA50/SMA200). This is a technical observation based on current data, not investment advice.
What is the price target for Amgen stock?
The average analyst price target for Amgen is $357.03. The current price is $402.46, which gives a downside of 11.3%. Based on this, the stock is considered overvalued. The fair value range (±10% of the price target) is between $321.33 and $392.73.
Is Amgen a dividend stock?
Yes, Amgen is a dividend stock with a dividend yield of 2.55%. The latest dividend was $2.52 per share. The latest ex-dividend date (traded without the dividend) was 8/21/2026. The payout ratio is 44.4%, which is considered sustainable. The next dividend payment is scheduled for 9/11/2026.
When does Amgen pay a dividend in 2026?
Amgen pays its next dividend on 9/11/2026. The latest dividend was $2.52 per share with an ex-dividend date of 8/21/2026. The dividend yield is 2.55%. The payout ratio of 44.4% points to a sustainable dividend with room to grow.
What is the risk of Amgen stock?
Amgen is rated as a stock with moderately low risk. the annual standard deviation is 27.4%, which classifies the stock as moderately low risk. In addition, an RSI of 72.5 signals overbought (elevated risk of a pullback).
Is Amgen overvalued?
Yes, Amgen is considered overvalued based on the analyst price target (11.3% above the price target). Amgen has the following valuation ratios: a P/E ratio of 27.2 (moderately to highly valued), a P/S ratio of 5.7, a P/B ratio of 22.6. The analyst price target suggests that the stock is overvalued by 11.3%.
Is Amgen overbought?
Yes, Amgen is overbought with an RSI of 72.5 (above 70). The technical indicators show: RSI is at 72.5 (above the 70 mark), which signals the price is overbought and may have risen too quickly. In addition, the price is 7.5% above the 20-day average (short-term uptrend). In addition, MACD is positive with rising momentum (bullish).
When is the next Amgen earnings report?
The date of the next earnings report for Amgen has not been published yet. Check the company's investor calendar for updates.
Is Amgen shorted?
Yes, Amgen is shorted with 2.4% of the free float sold short. This is a moderate level of short selling, within the normal range for most stocks. Data is updated daily based on official filings with the SEC.
Are insiders buying Amgen stock?
No, insiders are not buying Amgen shares – they are net sellers. Across the last 20 reported transactions, the split is 0 purchases and 20 sales, with a net 2,733,302 $ sold. Active sellers include Santos Esteban, REESE DAVID M, Miller Derek and others. Insider selling can have several explanations (e.g. planned 10b5-1 sales, portfolio diversification or taxes), but sustained selling by several insiders is worth watching closely.
Is Amgen a good stock?
Based on our total score, Amgen is rated as a good stock with a total score of 70 out of 100. The stock scores above average on value, quality and momentum – it is among the top 30% in our database. The score is made up of Value: 33/100, Quality: 89/100, Momentum: 88/100. In addition: the price target is 11.3% below the current price; a dividend of 2.55%; technical signal: Strong Buy. Whether Amgen is a good investment depends on your time horizon, risk profile and portfolio. This is a data-driven observation, not investment advice.
What is the outlook for Amgen stock?
The outlook for Amgen based on current data: the average analyst price target is $357.03 (-11.3%); the stock is in an uptrend (above SMA50 and SMA200); the P/E ratio is 27.2 (moderate). Keep in mind that stock prices are affected by many factors, including earnings reports, the economy and market sentiment. Past returns are no guarantee of future returns.
Why is Amgen stock rising?
Amgen is rising right now. The technical indicators show: the price is 7.5% above the 20-day average; MACD is positive with rising momentum (bullish signal); insiders have mostly been selling the stock recently. For the latest context, see our technical analysis, insider section and news overview above.
How high can Amgen go?
The average analyst price target for Amgen is $357.03, which is 11.3% below the current price of $402.46. Keep in mind that price targets are estimates, not guarantees. Actual price moves depend on earnings, market conditions and unexpected events.
How low can Amgen fall?
We lack enough history to give a specific floor for Amgen. Remember: past price swings are no guarantee for the future — a stock can fall further than the last 52 weeks suggest, especially on profit warnings, sector crises or a market crash. Use stop-loss orders and spread your portfolio to limit losses in single stocks.
What does Amgen do?
Amgen laver og sælger medicin globalt. De opdager, udvikler og producerer behandlinger til folk med alvorlige sygdomme, især inden for betændelse, kræft, hjerte-kar-lidelser og knoglesundhed. Amgen tjener især penge på salget af store lægemidler. De er kendt for produkter som... The company belongs to the Sundhed sector, more specifically the Drug Manufacturers - General industry, is headquartered in USA, and is traded on the USA Stocks. See the key figures, earnings history and price development above to evaluate Amgen as an investment.
Did Amgen raise or lower its guidance?
Over the last 60 days we have not registered a guidance raise or cut from Amgen. The company can still adjust its guidance at quarterly reports or between reports — see the earnings history and the news overview above.
Is Amgen making money or losing money?
Yes, Amgen is making money, not losing it. The company has a profit margin (the share of revenue left over as profit) of 21.0% — which is excellent. The operating margin (profit before interest and taxes) is 33.8%. At a P/E ratio of 27.2, you currently pay 27.2 dollars for every dollar of the company's annual earnings. A consistently profitable company is usually more resilient than growth stocks that are not yet making money.
Can Amgen go bankrupt?
The bankruptcy risk of Amgen is rated as elevated. Altman Z2 (a model for assessing financial distress) is 0.86 — that places the company in the weak zone. This is a probability based on the numbers, not a verdict — bankruptcy is not imminent. But the balance sheet is measurably weaker than average, so watch the debt, liquidity and possible capital raises. The Piotroski score (financial health 0-9, higher is better) is 8 — which is strong. Debt relative to equity is 1,463% (high). Remember: models like Altman Z2 are statistical — unexpected shocks (fraud, a sector collapse, lawsuits) can always happen. Spread your portfolio.
Does Amgen have a lot of debt?
Yes, Amgen has elevated debt relative to equity. The debt-to-equity ratio (D/E — interest-bearing debt to equity) is 1,463%. For the sundhed sector, anything above 150% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. Note: D/E levels are highly sector-specific — a bank at 300% debt is normal, a tech stock at 300% is extremely leveraged. Always compare with similar companies in the same sector.