Amgen's Mixed Q2 Results Highlight Obesity Drug Potential, Analysts Focus Shifts To Upcoming Clinical Readouts
Portfolio Pulse from Vandana Singh
Amgen Inc. (NASDAQ: AMGN) reported mixed Q2 results, with analysts focusing on the potential of its obesity drug, MariTide. Despite underperformance in its base business, analysts remain optimistic about Amgen's long-term growth prospects, maintaining positive ratings and high price targets.

August 07, 2024 | 6:01 pm
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Amgen reported mixed Q2 results, with underperformance in its base business but potential in its obesity drug, MariTide. Analysts maintain positive ratings and high price targets, focusing on long-term growth prospects.
Despite mixed Q2 results, analysts are optimistic about Amgen's long-term growth, particularly due to the potential of its obesity drug, MariTide. Positive ratings and high price targets suggest a likely positive short-term impact on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100