Amgen Inc

AMGN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$415.00	Kjpw	Fmfpbsxng

Maintaining Our $260 Amgen FVE Following in Line Q1, Despite Expanding Tax Dispute

Karen Andersen

Apr 27, 2022

Amgen's first-quarter 6% total revenue growth (2% product sales growth) and 15% non-GAAP EPS growth put the firm on track to meet our forecast for the year, and we're not making any significant changes to our $260 fair value estimate for the firm.

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