Eli Lilly: Market Overreacted
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Eli Lilly's Q4 FY24 guidance adjustment is due to supply chain issues, not demand, presenting a buying opportunity with a 'Buy' rating. Despite a slight revenue reduction, LLY projects 32% growth for 2024, supported by a strong portfolio and growth in oncology and other areas.
January 21, 2025 | 11:00 am
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Eli Lilly's Q4 FY24 guidance adjustment is attributed to supply chain factors, not demand, offering a buying opportunity. Despite a 0.6% revenue reduction, the company forecasts 32% growth for 2024, highlighting strong fundamentals and growth in oncology and other areas.
The market overreacted to Eli Lilly's guidance adjustment, which was due to supply chain issues rather than demand. The company's fundamentals remain strong, with a projected 32% growth for 2024. This presents a buying opportunity, as indicated by the 'Buy' rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100