LLY - Eli Lilly Raised Its Outlook. Is the Stock a Buy Now?
2024-05-04 05:26:00 ET
Eli Lilly (NYSE: LLY) stock has been a top performer thanks to runaway sales of its diabetes-turned-weight-management treatment.
Despite nearly doubling over the past 12 months, Eli Lilly stock still has heaps of upside according to investment bank analysts who follow the century-old pharmaceutical giant. Barclay's , an investment bank, recently raised its price target on the pharma giant to $913 per share.
At recent prices, a $913 per-share target suggests Lilly stock could climb about 17% over the next 12 months. Let's look at the reasons why Wall Street's still bullish for this high-flying stock to see if it's a smart buy now for everyday investors.
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Eli Lilly Raised Its Outlook. Is the Stock a Buy Now?