Eli Lilly cuts Q4 sales forecast, but analyst remains bullish on stock—here's why
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Eli Lilly has reduced its Q4 sales forecast by 5%, setting expectations at $13.5 billion, which is $400 million below its previous guidance. Despite this, an analyst remains optimistic about the stock.
January 15, 2025 | 8:30 pm
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Eli Lilly reduced its Q4 sales forecast by 5% to $13.5 billion, $400 million below previous guidance. Despite this, an analyst remains optimistic about the stock.
The reduction in sales forecast is a negative indicator for short-term stock performance, as it suggests lower-than-expected revenue. However, the fact that an analyst remains bullish may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100