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Truist Reaffirms Buy on Eli Lilly (LLY) After Trial Success

Eli Lilly & Company (NYSE:LLY) ranks among the stocks to invest in before they split next. Truist Securities restated its Buy rating and $1,281 price target for Eli Lilly & Company (NYSE:LLY) shares on April 17, following encouraging Phase 3 trial outcomes for Foundayo in type 2 diabetes. Eli Lilly & Company (NYSE:LLY) reported the results of ACHIEVE-4, a 52-week non-inferiority trial that evaluated Foundayo in over 2,700 type 2 diabetes patients from 15 countries. The trial met its primary goal, showing no inferiority to insulin glargine in terms of significant cardiovascular complications.

Compared to insulin glargine, Foundayo had a 57% decreased risk of all-cause death. According to Eli Lilly & Company (NYSE:LLY), the Phase 3 program, which now consists of seven Phase 3 studies and over 11,000 patients, has not yet shown any liver safety indications for the medication.

By the end of the second quarter of 2026, the company intends to submit Foundayo for type 2 diabetes approval in the US. In order to assess an unexpected significant risk for major adverse cardiovascular events and drug-associated liver disease, the FDA has already asked for more post-marketing research.

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.

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: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

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Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

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  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
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  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
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