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Eli Lilly 'On Its Way' To $1 Trillion Market Cap, Analysts Say: It's A 'Have' In A Sea Of 'Have Nots'
Eli Lilly And Co (NYSE:LLY) “could be on its way to becoming a $1 trillion market cap company,” according to analysts at Cantor Fitzgerald.
The assessment comes on the heels of an earnings report that shows first-quarter revenue of $8.77 billion. That’s up 26% year-over-year, just marginally missing the consensus of $8.92 billion.
The Indianapolis-based company saw increases of 16% in volume and 10% in higher realized prices.
Eli Lilly posted an adjusted EPS of $2.58, beating the consensus of $2.46, higher than $1.62 a year ago. Here’s how analysts reacted:
Cantor raised its price target from $815 to $885 with an Overweight rating, driven by earnings revisions.
BofA reiterated the Buy rating ...