Here’s What the Street is Saying About Eli Lilly and Company (LLY)

Eli Lilly and Company (NYSE:LLY) is one of the best medical stocks to invest in according to billionaires. Eli Lilly and Company (NYSE:LLY) received a rating update from Truist on May 1, with the firm maintaining a Buy rating on the shares with a price target of $1,281. It stated that the company’s retatrutide Phase 3 clinical trial data in obesity announced the same day marks a new benchmark for anti-obesity medications, showing that patients on retatrutide high dose of 12 mg saw 28.3% weight loss at 80 weeks and 30.3% at 104 weeks. The firm told investors in a research note that it believes this will support retatrutide approval and use in patients that are not adequately served with existing incretin options.

CNBC Reports Strong Phase 3 Results for Eli Lilly’s Retatrutide

The same day, Wolfe Research also maintained an Outperform rating on Eli Lilly and Company (NYSE:LLY) with a price target of $1,350. It told investors in a research note that the company’s reported pivotal phase 3 results for retatrutide further bolster its GLP-1 franchise leadership and differentiation in obesity therapeutics.

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

While we acknowledge the risk and potential of LLY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LLY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1