Amgen (AMGN) has been the subject of considerable attention recently, owing to its
obesity injection product. Anticipations have been high about how this breakthrough could drive the bio-tech firm’s stock to new levels.
Investors have shown increased interest, with many banking on the potentially substantial payout an effective obesity drug could instigate. Thus, the stock has been somewhat erratic, though Mizuho raising its PT to $235 indicates a bullish trend. Despite periods of dipping,
Amgen proved resilient, bouncing back each time, and even surging when broader market conditions turn bearish. It also delivered a significant
Q1 financial result for 2024 and drew commendations from equities research analysts like Jefferies and Goldman Sachs. Reports suggest it lags the market occasionally, although robust findings from the
experimental obesity drug tend to stimulate sudden growth. Also,
Amgen seems poised to outperform earnings estimates and display strong financial performance while commanding investor attention. However, this is tinged with caution about its inconsistent stock behaviour.
Amgen AMGN News Analytics from Thu, 09 Nov 2023 06:15:22 GMT to Thu, 09 May 2024 12:59:45 GMT -
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