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Amgen Inc. (AMGN) Stock Analysis

Buy WaitVALUE-TRAP 2/5Moderate Confidence

Healthcare · Drug Manufacturers - General

Earnings in 0 days (2026-04-30). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Wait for pullback to $321.11. Weak momentum — blocks BUY_NOW at $339.00. Engine's entry $321.11 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: Puerto Rico; Analyst target reached - limited upside remaining.

Amgen is one of the largest independent biotechnology companies, discovering, developing, manufacturing, and commercializing human therapeutics in a single operating segment with presence in approximately 100 countries. Revenue comes from product sales including Repatha, ENBREL,... Read more

$339.00+6.4% A.UpsideScore 6.0/10#4 of 16 Drug Manufacturers - General
Entry $321.11(Atr Pullback Sticky)Stop $307.25Target $352.25(resistance)A.R:R -0.8:1Setup A.R:R 1.5:1
Analyst target$352.73+4.1%30 analysts
$352.25our TP
$339.00price
$352.73mean
$200
$432

Wait for pullback to $321.11. Weak momentum — blocks BUY_NOW at $339.00. Engine's entry $321.11 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: Puerto Rico; Analyst target reached - limited upside remaining. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Earnings in 0 days. Wait until post-earnings. Score 6.0/10, moderate confidence.

Passes 3/6 gates (clean insider activity, no SEC red flags, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: moderate.

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Geographic: Puerto Rico
Analyst target reached - limited upside remaining
Leverage penalty (D/E 6.4): -1.5

Key Metrics

P/E (TTM)23.8
P/E (Fwd)14.5
Mkt Cap$182.2B
EV/EBITDA13.8
Profit Mgn21.0%
ROE106.1%
Rev Growth8.6%
Beta0.47
Dividend2.98%
Rating analysts43

Quality Signals

Piotroski F7/9

Options Flow

P/C0.65bullish
IV55%elevated
Max Pain$240-29.2% vs spot

Concentration Risks(10-K Item 1A)

  • HIGHGeographicPuerto Rico
    10-K Item 1A: 'We perform a substantial majority of our commercial manufacturing activities at our facility in the U.S. territory of Puerto Rico'

Material Events(8-K, last 90d)

  • 2026-04-22Item 5.02LOW
    EVP David M. Reese retiring as CTO effective June 30, 2026. Responsibilities redistributed to EVPs Bradner, Gordon, and Griffith effective June 1, 2026. No successor named as CTO.
    SEC filing →
  • 2026-01-30Item 1.02MEDIUM
    Amgen and Kyowa Kirin Co., Ltd. agreed to terminate their License and Collaboration Agreement dated June 1, 2021. Termination effective upon receipt of regulatory approval. No reason cited beyond mutual agreement.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 floor-breaker

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Obv
1.0
Volume
3.7
Ma Position
4.0
Rsi
8.1
Oversold in uptrend (RSI 29)Volume distribution (falling OBV)Above 200-day MA
GatesMomentum 3.4<4.5A.R:R -0.8=NEGATIVEEARNINGS PROXIMITY 0d<=7dInsider activity: OKNo SEC red flagsSEMI CYCLE PEAK CLEARSuitability: Moderate
RSI
29 · Oversold
20D MA 50D MA 200D MAGOLDEN CROSSSupport $333.55Resistance $359.44

Price Targets

$307
$321
$352
A.Upside+3.9%
A.R:R-0.8:1
Setup A.R:R (at entry)1.5:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeCautious

Risk Alerts

! Target reached (-4.0% upside)
! Earnings in 0 days - binary event risk
! Momentum score 3.4/10 — below 4.5 minimum

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-04-30 (0d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is AMGN stock a buy right now?

Wait for pullback to $321.11. Weak momentum — blocks BUY_NOW at $339.00. Engine's entry $321.11 (Atr Pullback Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Geographic: Puerto Rico; Analyst target reached - limited upside remaining. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Earnings in 0 days. Wait until post-earnings. Target $352.25 (+3.9%), stop $307.25 (−10.3%), Setup A.R:R 1.5:1. Score 6.0/10, moderate confidence.

What is the AMGN stock price target?

Take-profit target: $352.25 (+6.4% upside). Target $352.25 (+3.9%), stop $307.25 (−10.3%), Setup A.R:R 1.5:1. Stop-loss: $307.25.

What are the risks of investing in AMGN?

Concentration risk — Geographic: Puerto Rico; Analyst target reached - limited upside remaining; Leverage penalty (D/E 6.4): -1.5.

Is AMGN overvalued or undervalued?

Amgen Inc. trades at a P/E of 23.8 (forward 14.5). TrendMatrix value score: 5.4/10. Verdict: Buy (Wait for Entry).

What do analysts say about AMGN?

43 analysts cover AMGN with a consensus score of 3.5/5. Average price target: $353.

What does Amgen Inc. do?Amgen is one of the largest independent biotechnology companies, discovering, developing, manufacturing, and...

Amgen is one of the largest independent biotechnology companies, discovering, developing, manufacturing, and commercializing human therapeutics in a single operating segment with presence in approximately 100 countries. Revenue comes from product sales including Repatha, ENBREL, Otezla, TEPEZZA, and IMDELLTRA. A substantial majority of commercial manufacturing occurs at its Puerto Rico facility.

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