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Eli Lilly's Stock Surge Sparks $1 Trillion Market Cap Speculation

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Source: Yahoo Finance
Eli Lilly's Stock Surge Sparks $1 Trillion Market Cap Speculation
Photo: Yahoo Finance
TL;DR

Eli Lilly & Co.'s soaring stock performance has led Morgan Stanley analysts to speculate whether it could become the first non-"Magnificent Seven" US company to reach a market value of $1 trillion. The analysts raised their price target for the drugmaker, projecting a market capitalization of about $900 billion. Lilly's stock has surged 32% this year, driven by demand for its diabetes and obesity drugs. The company's market value recently surpassed that of Tesla Inc., and several analysts have raised their price targets following strong earnings results.

Topics:businessbusinessfinance#businessfinance#dollar1-trillion#eli-lilly-and-co#market-value#pharmaceutical-industry#stock-market
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  1. Lilly's Climb Has Morgan Stanley Asking $1 Trillion Question  Yahoo Finance
  2. Here's why we would be considering buying more Eli Lilly shares if they were down Tuesday  CNBC
  3. (LLY) Lilly Closer to Joining Magnificent Seven in $1 Trillion Market Cap Club  Bloomberg
  4. Eli Lilly: Very Strong Fundamentals, But Market Is Euphoric (NYSE:LLY)  Seeking Alpha
  5. StockWatch: Lilly's Weighty Q4 Results Impress Investors, Analysts  Genetic Engineering & Biotechnology News

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