(Reuters) -Eli Lilly hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.
Here are some reactions to Lilly joining the trillion dollar club:
EVAN SEIGERMAN, ANALYST AT BMO CAPITAL MARKETS
"The current valuation points to investor confidence in the longer-term durability of the company's metabolic health franchise. It also suggests that investors prefer Lilly over Novo in the obesity arms race. Taking a step back, we're also seeing money rotate into the sector as investors may be worried about an AI bubble."
HANK SMITH, DIRECTOR & HEAD OF INVESTMENT STRATEGY AT LILLY SHAREHOLDER HAVERFORD TRUST
"Investors have historically liked secure earnings growth and (Eli Lilly) is the only large cap pharma that has that kind of earnings profile."
(Reporting by Siddhi Mahatole and Shashwat Chauhan in Bengaluru; Editing by Leroy Leo)
latest_posts
- 1
Discussion on deployment of foreign troops ongoing, two sources tell 'Post' - 2Tata Motors, BMW among automakers set to raise prices in India
- 3Lucrative Positions in the Advancing Position Market of 2024
- 45 Signs Now is the ideal time to Update Your Android Telephone: When to Take the Action
- 5Over 1,800 killed since junta seized power in Burkina Faso, rights group says
- Vote In favor of Your Favored Web-based Book Retailor
- Israel strikes Iranian nuclear development facilities, Tehran vows retaliation
- Police investigate Lahav 433 officer accused of sexually harassing subordinate policewoman
- One month of war on Iran cost Arab countries up to $194bn: UNDP
- 'A completely new manufacturing frontier': Space Forge fires up 1st commercial semiconductor factory in space
- Stop the ‘good’ vs ‘bad’ snap judgments and watch your world become more interesting
- $2,000 tariff rebate checks? 50-year mortgages? Making sense of Trump's new 'affordability' proposals.
- Scientists find twisting magnetic waves on the sun. Could this help solve a huge solar mystery?
- Dominating the Mastercard Endorsement Cycle: Six Fundamental Stages
