Wells Fargo Raises its Price Target on Amgen (AMGN) to $390 from $375

On March 19, 2026, Wells Fargo raised the terms people connected Amgen Inc. (NASDAQ:AMGN) to $390 from $375 and maintained an Equal Weight rating. The steadfast highlighted emerging therapies specified arsenic CD20, BAFF/APRIL, and next-generation complement inhibitors arsenic drivers that could grow the generalized myasthenia gravis marketplace much than threefold implicit the adjacent decade, with imaginable to scope $15B successful U.S. income and $20B globally by 2036. Wells Fargo said Amgen, alongside peers similar Vertex and Regeneron, could payment from this expansion, with upside to existent Street expectations.

On March 10, 2026, Jefferies initiated sum connected Amgen with a Hold standing and a $350 terms target, noting the banal has gained astir 35% implicit the past six months. Jefferies said beardown commercialized execution and easing regulatory concerns person supported the move, leaving shares appearing reasonably valued astatine existent levels.

kurhan / shutterstock.com

Last month, Amgen reported Q4 adjusted EPS of $5.29, supra the $4.76 statement estimate, connected gross of $9.9B versus $9.45B expected. CEO Robert Bradway said the institution delivered “strong performance” successful 2025, with double-digit maturation successful some gross and earnings, adding that Amgen is entering 2026 with momentum crossed its portfolio and a absorption connected advancing caller therapies.

Amgen Inc. (NASDAQ:AMGN) develops and commercializes therapeutics crossed a scope of illness areas globally.

While we admit the imaginable of AMGN arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double successful 3 Years and 15 Stocks That Will Make You Rich successful 10 Years.

Disclosure: None. Follow Insider Monkey connected Google News.