15 Best Stocks to Invest in for an 18 Year Old

3. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holder: 119

Eli Lilly and Company (NYSE:LLY) is one of the 15 best stocks to invest in for an 18 year old. UBS kept its Buy rating and $1,050 price target for Eli Lilly and Company (NYSE:LLY) in place on June 10. Previously discussing retatrutide and orforglipron, the firm’s most recent social media channel check series now focuses on patient opinions about the impending CVS formulary change. With effect from July 1, CVS will now favor Wegovy over Zepbound.

In order to gather patient opinions about Eli Lilly’s drugs, UBS analysts have been looking through social media recently. Although the analysts acknowledge the possibility of respondent bias, they have gathered a selection of publicly available yet unverified statements. These remarks offer insight into patient experiences and readiness for CVS’s formulary change.

Eli Lilly and Company (NYSE:LLY) may be affected by the CVS formulary change considering it could change how its medication, Zepbound, is viewed when compared to Wegovy. That said, despite possible changes in the market, UBS analysts’ continued endorsement for LLY hints at a promising future for the pharmaceutical company.

Eli Lilly & Company (NYSE:LLY) is a major global pharmaceutical company that develops, manufactures, and distributes a wide range of drugs. Founded in 1876, it has grown to become one of the world’s largest pharmaceutical companies.