Amgen (AMGN.US) Price Target 2026/2027: 5% Downside + 2.4% Dividend

402.60
Price history for Amgen (AMGN.US) – stock price at $402.60, October 2026
Amgen stock price – price development 2026. Updated Oct 7, 2026.
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Amgen Price Target 2026: Analysts See 3% Downside

The average price target for Amgen is $390.94. 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 -2.90% 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 fairly valued with a gap of 2.9% relative to the price target.


The current price is $402.60, which places Amgen in the fairly valued category. The stock is considered undervalued when the price is below $351.85, and overvalued when the price exceeds $430.03.


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 $351.85 and $430.03.


See the full price target analysis for Amgen →

Analyst Ratings for Amgen stock in 2026: Hold

34 analysts cover Amgen. Analysts are mostly neutral — 50% recommend Hold. The average price target is $390.94, which is 2.9% below the current price.

Consensus: Hold (3.35/5)
Strong Buy
8 (23.5%)
Buy
4 (11.8%)
Hold
17 (50%)
Sell
2 (5.9%)
Strong Sell
3 (8.8%)
Strong Sell Sell Hold Buy Strong Buy
3.35 out of 5 based on 34 analysts

About Amgen – Drug Manufacturers - General

Amgen makes and sells medicine around the world. The company discovers, develops and manufactures treatments for people with serious illnesses, especially in the areas of inflammation, cancer, heart and blood vessel diseases, and bone health. Amgen makes most of its money by selling a small number of large, well-known medicines.

The company is known for products like Enbrel, used to treat rheumatoid arthritis and psoriasis (a skin condition), and Neulasta, which helps cancer patients avoid infections during treatment. Amgen also sells Prolia, a medicine for osteoporosis (weak, brittle bones) in women.

Amgen was founded in 1980. It operates in many countries around the world, where it supplies these treatments to patients and healthcare systems. The company has several thousand employees who work on getting the medicines to the people who need them.
Read more about the company

Key Figures for Amgen

$218B Market cap
$38.1B Revenue
Drug Manufacturers - General Industry
25.06 P/E
5.72 P/S
18.78 P/B
United States Listed on exchange
amgen.com Website

What kind of stock is Amgen?

Dividend stock Growth stock Quality stock Momentum stock

Amgen is classified as a dividend stock and growth stock and quality stock and momentum stock. This means the stock combines several attractive traits, including a dividend of 2.4%, strong financial health (Piotroski 8/9), and strong price momentum.

Score Overview for Amgen

💰 Value Score 32/100 (Low)
⭐ Quality Score 89/100 (Very High)
🚀 Momentum Score 72/100 (High)
📊 Total Score 64/100

⚠️ 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 0.95 – 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 25.1, which is above the market average. The forward P/E is 16.7 (34% 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 18.8. The PEG ratio is 2.45 — above 2.0 suggests the stock is expensive relative to its growth rate.

💵 Profitability & Growth

Amgen has a profit margin of 23.0% (excellent) and an operating margin of 35.6%. Return on equity (ROE) is 91.5% — excellent return on equity. Return on assets (ROA) is 8.7%. The latest quarterly earnings grew 64.9% year over year — strong growth.

🏦 Financial Health

The Piotroski score is 8 out of 9 — excellent financial health. Altman Z2 is 0.95 (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 2.60%.

Amgen Dividend 2026: 2.4% Dividend Yield

Dividend Key Figures for Amgen

Dividend yield
2.41%
Latest dividend per share
2.52 USD
Payout ratio
44.4%
Healthy
Dividend growth (6 years)
+18.1%
Avg. annual dividend (3 years)
7.11 USD

When does Amgen pay a dividend in 2026?

Latest ex-dividend date (traded without the dividend)
August 21, 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 2.41%. Over the last 6 years, the annual dividend has grown by 18.1%, which shows positive dividend growth.

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 Feb 13, 2020. In that period the stock has paid a dividend 25 times, most recently on Aug 21, 2026. 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 dateAmountCurrency
2026-08-212026-09-112.52USD
2026-05-152026-06-052.52USD
2026-02-132026-03-062.52USD
2025-11-212025-12-122.38USD
2025-08-222025-09-122.38USD
2024-11-182024-12-092.25USD
2024-08-162024-09-062.25USD
2024-05-162024-06-072.25USD
2024-02-152024-03-072.25USD
2023-11-162023-12-082.13USD
2023-08-172023-09-082.13USD
2023-05-172023-06-082.13USD
2023-02-142023-03-082.13USD
2022-11-162022-12-081.94USD
2022-08-172022-09-081.94USD
2022-05-162022-06-081.94USD
2022-02-142022-03-081.94USD
2021-11-152021-12-081.76USD
2021-08-162021-09-081.76USD
2021-05-142021-06-081.76USD
2021-02-122021-03-081.76USD
2020-11-132020-12-081.60USD
2020-08-142020-09-081.60USD
2020-05-152020-06-081.60USD
2020-02-132020-03-061.60USD

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 $39,097,009 out of the stock. Active insiders include Khosla Rachna, Miller Derek, Grygiel Nancy A. and others. In the short term (last 3 months), the insider signal is negative.

Short-Term Signal (3 months): Negative

Insiders have exclusively sold shares over the last 3 months.

Over the last 3 months: 0 purchases and 4 sales. A net $2,971,621 out of the stock.

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 $39,097,009 out of the stock.

Latest sale: Khosla Rachna sold 1,252 shares at $416.43 each on 2026-08-13.

Who is selling: Khosla Rachna, Miller Derek, Grygiel Nancy A., Santos Esteban, Busch Matthew C. 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 ($) Total amount ($)
2026-08-13 Khosla Rachna Sell 1,252 416 521,370
2026-08-11 Khosla Rachna Sell 2,000 413 825,140
2026-08-06 Miller Derek Sell 2,069 403 832,855
2026-08-06 Grygiel Nancy A. Sell 1,970 402 792,255
2026-05-04 Grygiel Nancy A. Sell 1,237 324 400,454
2026-02-26 Santos Esteban Sell 30,501 379 11,563,539
2026-02-19 Busch Matthew C. Sell 1,000 376 375,790
2025-11-20 Nancy A Grygiel Sell 3,139 337 1,058,659
2025-11-20 Grygiel Nancy A. Sell 1,500 337 505,890
2025-11-12 Rachna Khosla Sell 890 336 299,254

Who is buying and selling Amgen shares in 2026?

The following insiders have sold shares: Khosla Rachna, Miller Derek, Grygiel Nancy A., Santos Esteban, Busch Matthew C. and others. In total, $39,097,009 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: 2.6% Sold Short

Moderate short interest: 2.6% of the free float
Short % of free float
2.6%
Assessment
Moderate short interest
Short squeeze risk
Low
Data source
EODHD
Reported about twice a month

Short interest over time: Amgen

0.0%1.5%3.0%
5/307/299/28
2.6% today (moderate)Last 30 days: +0.4 percentage pointsMeasured over 121 days
What does the trend tell you?
Short interest in Amgen has been fairly stable at 2.6% over the period. Neither many new short sellers have arrived nor many positions been closed.

What matters is when the curve starts to move. This is how shorting works: whoever shorts has borrowed the share and sold it, and to close the position again they must buy the share back. When short interest falls, shares are being bought back. So it is worth watching the trend, not just today's number.
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.

Short interest comes from our data provider EODHD. The figure is reported about twice a month; we check it every trading day.
Short Interest Scale
0% 2% 5% 10% 20%+
Low Moderate High Very High Extreme
▲
2.6%

When Does Amgen Report Earnings – Next Date: Nov 3, 2026

The next earnings report from Amgen is scheduled for November 3, 2026, after the market closes. This report covers the third quarter (Q3), which ended on September 30, 2026.



Technical Analysis of Amgen 2026 – Signal: Buy

Overall Technical Signal: Buy

Based on trend analysis (SMA50/SMA200) and MACD trend (positive/negative on a daily + weekly basis). Updated October 7, 2026.

Technical analysis of Amgen (AMGN.US) – RSI 48, MACD positive (bullish), daily candlestick chart October 2026
Amgen technical analysis – candlestick chart with RSI, MACD and volume profile. Updated Oct 7, 2026.

Trend Analysis of Amgen Inc

Amgen Inc is in a short-term uptrend. The price of $402.60 is 1.2% above the 20-day average ($397.97). Medium term, the picture is negative: the price is 1.7% below the 50-day average ($409.69). Long term, the stock is 11.3% above the 200-day average ($361.81), which confirms a long-term uptrend.

Golden Cross: The 50-day average (409.69) is above the 200-day average (361.81), which is a classic bullish signal for Amgen Inc.

Is Amgen Inc overbought or oversold?

Amgen Inc has an RSI of 47.6, right in the middle of the neutral zone. There is no clear buying or selling pressure.

MACD Analysis for Amgen Inc

Daily MACD: MACD is positive (0.289), which means the short-term trend is bullish (the 12-day EMA is above the 26-day EMA). MACD is above the signal line (-0.047) by 0.336, which confirms rising momentum in the uptrend.

Weekly MACD: MACD5 is positive (19.217), which indicates a broader bullish long-term trend. MACD5 is above the signal line (18.468) by 0.749, 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 29.1%, which classifies the stock as Balanced. There is some volatility, but the price is relatively stable.

Overall Technical Conclusion for Amgen Inc

Trend: Neutral/mixed.

MACD trend (zero line): Daily bullish (0.289). Weekly bullish (19.217).

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

RSI: 47.6 – neutral.

Technical signal: Buy

The broader trend is positive and MACD supports the picture. Consider buying with a stop-loss below the nearest support level.

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 $402.60 as of Oct 7, 2026. The technical analysis shows the following: MACD is positive (bullish trend) at 0.289 with rising momentum (signal: -0.047); RSI is at 47.6 (neutral zone); the stock is in a short-term uptrend (price above the 20-day average); the analyst price target of $390.94 is 2.9% below the current price. 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 $390.94. The current price is $402.60, which gives a downside of 2.9%. Based on this, the stock is considered fairly valued. The fair value range (±10% of the price target) is between $351.85 and $430.03.
Is Amgen a dividend stock?
Yes, Amgen is a dividend stock with a dividend yield of 2.41%. The latest dividend was $2.52 per share. The latest ex-dividend date (traded without the dividend) was Aug 21, 2026. The payout ratio is 44.4%, which is considered sustainable.
When does Amgen pay a dividend in 2026?
The next dividend date for Amgen has not been set yet. The latest ex-dividend date (last trading day with dividend rights) was Aug 21, 2026. The latest dividend was $2.52 per share with an ex-dividend date of Aug 21, 2026. The dividend yield is 2.41%. 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 in the risk category Balanced. the annual standard deviation is 29.1%, which classifies the stock as Balanced.
Is Amgen overvalued?
Amgen is considered fairly valued – the price is close to the analyst price target. Amgen has the following valuation ratios: a P/E ratio of 25.1 (moderately to highly valued), a P/S ratio of 5.7, a P/B ratio of 18.8. The stock trades close to the analyst price target and is considered fairly valued.
Is Amgen overbought?
No, Amgen is not overbought. RSI is at 47.6 (neutral zone). The technical indicators show: RSI is at 47.6 (neutral zone between 30-70), which signals neither overbought nor oversold. In addition, the price is 1.2% above the 20-day average (short-term uptrend). In addition, MACD is positive with rising momentum (bullish).
When is the next Amgen earnings report?
Amgen reports its next earnings on November 3, 2026. The stock currently trades at $402.60. With a P/E ratio of 25.1, the market will be watching closely whether earnings meet expectations.
Is Amgen shorted?
Yes, Amgen is shorted with 2.6% of the free float sold short. This is a moderate level of short selling, within the normal range for most stocks. The figure comes from our data provider EODHD, is reported about twice a month, and we check it every trading day.
Are insiders buying Amgen stock?
No, insiders are not buying Amgen shares – they are net sellers. Over the last 3 months, insiders have made 0 purchases and 4 sales. On a net basis, 2,971,621 $ worth of shares were sold. Across the last 20 reported transactions, the split is 0 purchases and 20 sales, with a net 39,097,009 $ sold. Active sellers include Khosla Rachna, Miller Derek, Grygiel Nancy A. 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 64 out of 100. The stock scores above average on value, quality and momentum. The score is made up of Value: 32/100, Quality: 89/100, Momentum: 72/100. In addition: a dividend of 2.41%; technical signal: 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 $390.94 (-2.9%); the next earnings report is due on Nov 3, 2026, which can move the price; the P/E ratio is 25.1 (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 moving?
Amgen is stable right now. The technical indicators show: the price is close to 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 and insider section above.
How high can Amgen go?
The average analyst price target for Amgen is $390.94, which is 2.9% below the current price of $402.60. The stock has traded between $280.23 and $447.03 over the last 52 weeks. 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?
The stock has traded as low as $280.23 over the last 52 weeks — that is 30.4% below the current price of $402.60. The biggest decline (drawdown) in the same period was 37.3% from high to low. Within a year, the price typically swings about ±29.1% (standard deviation — a measure of price swings). A difficult year could therefore mean a further decline of that size. 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 makes and sells medicine around the world. The company discovers, develops and manufactures treatments for people with serious illnesses, especially in the areas of inflammation, cancer, heart and blood vessel diseases, and bone health. Amgen makes most of its money by s... The company belongs to the Healthcare sector, more specifically the Drug Manufacturers - General industry, is headquartered in United States, 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 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 23.0% — which is excellent. The operating margin (profit before interest and taxes) is 35.6%. At a P/E ratio of 25.1, you currently pay 25.1 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 0.95 — 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 healthcare sector, anything above 150% counts as elevated — that raises the financial risk, especially if interest rates rise or earnings fall. In healthcare, 80-150% is typical — large pharma companies carry debt for research and acquisitions. 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. Can Amgen service its debt? Can service its debt without problems — the interest coverage ratio (how many times earnings can cover interest payments) is 5.1x, and net debt equals 2.5 years of earnings (EBITDA).