AMGN Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Amgen's strong pipeline (obesity drugs, Tezspire) and strategic acquisitions point towards solid long-term growth, reinforced by positive recent clinical data.




Bearish Case: High debt levels and fierce biosimilar competition cast a shadow over revenue outlook, compounded by mixed clinical results and regulatory scrutiny.




Potential Outcomes:
  • 40% chance of successful clinical trials boosting growth.
  • 35% chance of debt pressure limiting upside.
  • 25% competition from biosimilars eroding market share.HeliumHelium




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January 11, 2025


AMGEN Forecast

AMGN        AMGEN











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