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LLY - Eli Lilly: Diabetes And Weight Management Treatments Are The Winning Tickets
Eli Lilly and Company
2024-03-29 03:23:30 ET
Summary
Eli Lilly's stock price rise continues unabated in 2023, backed by strong topline growth in 2023 and a sunny outlook for 2024.
Its diabetes treatments look particularly encouraging, with Mounjaro's 11x revenue increase last year and a great start to Zepbound at the end of 2023.
While its market multiples look stretched for now, over the medium to long term, they too look better and the stock's exceptional long-term performance is hard to ignore.