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Amgen (AMGN) Sees Target Price Increase by Argus Research | AMGN Stock News
Argus Research has reiterated its “Buy” rating for Amgen (AMGN) and raised the target price to $400 from $360, citing a positive outlook from analyst Jasper Hellweg. This decision aligns with other recent analyst upgrades from firms like Leerink Partners, Cantor Fitzgerald, Morgan Stanley, Citigroup, and UBS, all showing confidence in the biotechnology company’s future performance. Despite the increased target prices, the average one-year target price from 28 analysts suggests a potential downside of 8.70% from the current price, while GuruFocus’ estimated GF Value also indicates a downside of 7.69%.