Eli Lilly and Company (NYSE:LLY) is one of the best stocks to invest in for beginners. On August 13, Cantor Fitzgerald analyst Carter Gould lowered the firm’s price target on Eli Lilly and Company (NYSE:LLY) to $825 from $975, keeping an Overweight rating on the shares.
The firm told investors that it believes that the orforglipron Phase 3 obesity data rolling in below expectations, along with the semaglutide benchmarks, create a “show-me-story” around the launch.
It added that a resolution may not be reached until late 2026, supporting the decrease in price target.
Eli Lilly and Company develops, manufactures, discovers, and sells pharmaceutical products. These products span oncology, diabetes, immunology, neuroscience, and other therapies.
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This article is originally published at Insider Monkey.
