LLY - Eli Lilly: The GLP-1 Wonder Continues A Bullish Beat And Raise
2024-05-01 13:09:30 ET
Summary
- NVIDIA and Eli Lilly are driving the bull market with their breakthrough technologies in AI and GLP-1s, respectively.
- LLY's strong Q1 and increased guidance suggest it could reach a $1 trillion market cap in the coming quarters if the company continues to grow into its deserved premium valuation.
- LLY's growth trajectory, strong new-product cycle, and pipeline make it a buy, with a potential fair value of $1,000 per share.
- I highlight key price levels to watch ahead of a busy corporate event calendar.
Driving the bull market over the last 18 months has been a pair of generational breakthrough factors: AI and GLP-1s. NVIDIA ( NVDA ) is at the center of chip demand for the former while Eli Lilly ( LLY ) is the poster child for the latter, and what appears to be a weight-loss revolution around the world, particularly in the US. Following yet another very strong quarterly report, the $1 trillion market cap amount could be in the cards over the coming quarters in my view. ...
Eli Lilly: The GLP-1 Wonder Continues, A Bullish Beat And Raise