Bansal Reaffirms Hold Rating on Amgen Amid Strong Analyst Performance
Wells Fargo analyst Mohit Bansal has maintained his hold rating for Amgen (AMGN.US), keeping its target price at $435. According to TipRanks data, Bansal has a success rate of 60.2% and an average return of 11.1% over the past year.
TipRanks calculates analyst performance by tracking their virtual portfolios' returns based on their preliminary ratings. A successful rating is one that results in a positive return from the stock, with Bansal's portfolio earning an average rate of return of 11.1%. His success rate stands at 60.2%, indicating his past recommendations have performed well.
The analyst's performance has earned him a ranking of up to 5 stars by TipRanks. The star level is based on total success rate and average return, with more stars indicating better performance.