(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
Understanding Preschool Projects: An Extensive Aide - 2Excursion to Different Universes: the Top Sci-fi Motion pictures Ever
- 3Manual for Tracking down Spending plan Agreeable Travel Objections
- 4Humanity is back at the moon! Artemis 2 astronauts arrive in lunar space
- 5Would you ever turn to AI for companionship? 6% of Americans say they could — or already have.
- The many ways that baking is winter therapy. With a delicious ending
- Old age isn’t a modern phenomenon – many people lived long enough to grow old in the olden days, too
- The most effective method to Beat Dental Tension and Guarantee Customary Exams
- South Africa collects record $117B tax haul
- Crew-11 astronauts undock in 1st-ever medical evacuation from the International Space Station (video)
- Selena Quintanilla documentary 'Selena y Los Dinos: A Family's Legacy' is coming to Netflix
- Jenny & Dave Marrs Mourn Loss of Former ‘Fixer to Fabulous: Italiano’ Guest
- Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
- Best Food Truck Cooking: Decision in favor of Your Number one!
