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Amgen Inc. (NASDAQ:AMGN) is included among the many 11 Defensive Healthcare Dividend Shares to Purchase Now.
Photograph by Annie Spratt on Unsplash
Amgen Inc. (NASDAQ:AMGN) is a California-based biopharmaceutical firm.
On October 3, Oppenheimer reaffirmed its Outperform rating on Amgen Inc. (NASDAQ:AMGN) with a worth goal of $380. The agency excessivelighted Amgen’s stable efficiency and also reported that its VESALIUS-CV trial reached each of its major objectives, exhibiting that advertding Repatha to plain lipid-lowering treatments significantly decreased cardiovascular occasions in high-risk sufferers with no earlier historical past of coronary heart assault or stroke.
Oppenheimer stated that the trial outcomes were each statistically and clinically significant, assembly all key composite endpoints, and nevered that no new questions of safety emerged.
Amgen Inc. (NASDAQ:AMGN) recently entered the direct-to-consumer market, announcing plans to promote Repatha at a cash worth that’s 60% decrease than its present list worth before insurance or rebates. This transfer aligns with broader business efforts to make medications extra accessible amid ongoing political stress to scale back US drug prices.
From a monetary perspective, Amgen Inc. (NASDAQ:AMGN) continues to attract investor curiosity for its dependable dividend development, having raised its payouts for 14 consecutive years. As of October 14, the inventory has a dividend yield of three.23%.
Whereas we acknowledge the potential of AMGN as an funding, we imagine sure AI shares supply better upside potential and carry much less draw back danger. If you happen to’re on the lookout for an especially undervalued AI inventory that additionally stands to profit considerably from Trump-era tariffs and the onshoring development, see our free report on the finest short-term AI inventory.
READ NEXT: 11 Low PE Excessive Dividend Shares to Purchase Based on Analysts and 12 Dependable Dividend Shares for Most Revenue.
Disclosure: None.
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