(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
Israel intensifies Lebanon attacks and hits areas not in Hezbollah's control - 2From Sea shores to Urban areas: Astonishing Worldwide Travel Objections
- 3James Webb Space Telescope's mysterious 'little red dots' may be black holes in disguise
- 4The Development of Shipping: Controlling Towards a More Associated Future
- 5Police investigate Lahav 433 officer accused of sexually harassing subordinate policewoman
- Taylor Swift changes 2 song lyrics on 'Reputation' on the night of her Eras tour documentary premiere
- How did Ariana Grande get her Glinda voice? I’m the man behind the magic.
- We analyzed Philly street scenes and identified signs of gentrification using machine learning trained on longtime residents’ observations
- Make your choice for a definitive Christmas getaway destination!
- The most effective method to Pick the Ideal Lab Precious stone Wedding band
- A mom's viral post is raising the question: Do kids need snacks? Dietitians have answers.
- Eight arrested in joint Scotland and Spain gang raids
- German gas price bill signed into law, but consumers not impressed
- Nature carves colossal snowman in Siberia | Space photo of the day for Jan. 2, 2026
