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Amgen Stock Is Up 14% This Year on Dual Drug Approvals. Can the Rally Hold?
Amgen (AMGN) stock has risen 14% year-to-date, driven by recent FDA and European Commission approvals for its drug UPLIZNA. Despite strong revenue and EPS beats, the company missed significantly on free cash flow in Q4 2025. The article discusses analyst targets, market sentiment, and valuation models, suggesting potential upside if pipeline execution and margin recovery continue, with key catalysts including the Citi Oncology Leadership Summit and initiation of Maritide Phase 3 trials.