Domestic Manufacturing Boom: 12 Best Pharma Stocks to Invest in Now

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1. Eli Lilly and Company (NYSE:LLY)

Number of Hedge Fund Holders: 115

Eli Lilly and Company (NYSE:LLY) develops, manufactures, discovers, and sells pharmaceutical products. These products span oncology, diabetes, immunology, neuroscience, and other therapies.

Analysts are bullish on Eli Lilly and Company (NYSE:LLY) due to its in-demand GLP-1 drugs, which are used to treat diabetes and obesity, and the company’s strong financials. Its median price target of $734.57 implies an upside of 37.50% from current levels.

In a report released on May 9, Tim Anderson from Bank of America Securities maintained a Buy rating on Eli Lilly and Company (NYSE:LLY) and set a price target of $1,000.00. The analyst based his rating on the promising developments in the company’s product pipeline, especially in the GLP-1 and obesity-related sectors.

According to the analyst, GLP-1s are anticipated to be a key component in this sector, and Eli Lilly and Company (NYSE:LLY) is exploring various approaches to long-term weight maintenance. In addition, it is also advancing research in Alzheimer’s disease.

Eli Lilly and Company’s (NYSE:LLY) significant progress with its tirzepatide drug also supports the buy rating. The drug is being tested in the SURPASS-CVOT trial, and has demonstrated potential pleiotropic effects. The company’s orforglipron and retatrutide programs are also seeing advancements, and upcoming results are expected to offer more insights. The overall outlook for Eli Lilly and Company’s (NYSE:LLY) pipeline thus remains positive, ranking it on our list of the best pharma stocks to buy now.

Overall, LLY ranks first among the best pharma stocks to buy now. While we acknowledge the potential of pharma stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LLY but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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