What Analysts Are Saying About Eli Lilly and Co Stock
Portfolio Pulse from Benzinga Insights
Eli Lilly and Co (NYSE:LLY) has received mixed analyst ratings over the past three months, with a notable shift towards more bullish sentiments in recent evaluations. The average 12-month price target for LLY has been raised to $799.0, indicating a 12.89% increase from the previous target. Analysts from firms including Cantor Fitzgerald, Truist Securities, JP Morgan, and others have maintained or raised their ratings, with price targets ranging up to $1000.00. Eli Lilly's financial performance has been strong, with significant revenue growth, high net margin, and exceptional ROE and ROA, although its debt-to-equity ratio indicates a higher level of debt.
April 01, 2024 | 1:00 pm
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POSITIVE IMPACT
Eli Lilly has seen a positive shift in analyst ratings with an increased average price target of $799.0, reflecting strong financial performance and market confidence.
The increase in Eli Lilly's average price target and the positive adjustments in analyst ratings suggest a strong bullish sentiment among financial experts. This is likely due to the company's impressive financial performance, including significant revenue growth and high net margin. However, the high debt-to-equity ratio could be a concern for some investors, but the overall analyst outlook remains positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100