5 High Profit Margin Stocks to Buy According to Hedge Funds

4. Eli Lilly & Company (NYSE:LLY)

Eli Lilly & Company (NYSE:LLY) ranks among the best high profit margin stocks to buy. Following the reveal of an innovative employer access platform for obesity therapies, Morgan Stanley reiterated its Overweight rating and $1,313 price target for Eli Lilly & Company (NYSE:LLY) on March 5. Eli Lilly recently established its Employer Connect platform in the US, which provides flexible benefit designs geared at increasing access to obesity treatments like Zepbound.

In order to produce solutions that enhance employee access to obesity management medications, the platform facilitates collaboration with independent program administrators.

According to Morgan Stanley, the update may facilitate future development in US volume and provide Zepbound with another commercial access route. The firm also anticipates contributions from the introduction of Orfor, an oral GLP-1 therapy, in April, as well as increased Medicare access in the latter half of the year.

In a related development, Eli Lilly & Company (NYSE:LLY) stated that its Orfor therapy outperformed oral semaglutide in a Type 2 diabetes trial, meeting all primary and significant secondary goals.

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.