LLY - Eli Lilly 'On Its Way' To $1 Trillion Market Cap Analysts Say: It's A 'Have' In A Sea Of 'Have Nots' | Benzinga
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 ...