Guggenheim Reduces PT on Eli Lilly and Company (LLY) to $1,161, Reiterates ‘Buy’ Rating

Eli Lilly and Company (NYSE:LLY) is one of the best stocks to buy and hold for 20 years.

Guggenheim Reduces PT on Eli Lilly and Company (LLY) to $1,161, Reiterates ‘Buy’ Rating

On January 20, 2026, Guggenheim reduced its price target on Eli Lilly and Company (NYSE:LLY) from $1,163 to $1,161, while reiterating a ‘Buy’ rating. The update came as the firm made a routine model update ahead of the company’s upcoming Q4 results.

On the same day, Eli Lilly and Company (NYSE:LLY) announced that the FDA granted Breakthrough Therapy designation to sofetabart mipitecan (LY4170156) for adults with platinum-resistant ovarian, fallopian tube, or primary peritoneal cancer with disease progression following prior therapies. Following encouraging Phase 1a/b data, the designation speeds up development timelines and regulatory engagement, improving the company’s oncology pipeline visibility substantially.

In presentations at ASCO 2025 and ESMO 2025, responses were shown across all dose levels and folate receptor alpha expression, including in patients progressing on prior mirvetuximab. Moreover, the results showed a favorable tolerability profile, alongside limited serious safety signals. Now, Eli Lilly and Company (NYSE:LLY) stands on a strong footing, with the asset now advancing into the global Phase 3 Framework-01 trial that positions sofetabart mipitecan as a potential differentiated entrant in a high unmet-need ovarian cancer market.

Eli Lilly and Company (NYSE:LLY), a global pharmaceutical company, focuses on developing medicines across diabetes, oncology, immunology, and neuroscience.

While we acknowledge the potential of LLY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LLY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.