Could Amgen Stock Help You Become a Millionaire?
Healthcare company Amgen (NASDAQ: AMGN) has been a reliable investment to own over what has been a turbulent year for the broader market. Its stock price is up 6.6% in that time, outpacing the 3.2% performance of the S&P 500 during that stretch. It also provides investors with an above-average dividend, which currently yields 3.3%. But while it has been a stable buy, does the stock have the potential to help make you a millionaire?
For an investment to be millionaire-making, it needs to generate a good deal of growth. Investors are often captivated by growth stocks, after all, as they can rise quickly in value. And that's a potential concern for Amgen, as historically, the business struggled to generate much in the way of consistent sales growth.
Source Fool.com
Amgen Inc. Stock
With 25 Buy predictions and not a single Sell prediction Amgen Inc. is an absolute favorite of our community.
However, we have a potential of -1.04% for Amgen Inc. as the target price of 304 € is below the current price of 307.2 €.
