(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
Italy now recognizes the crime of femicide and punishes it with life in prison - 2West Bank man indicted for extortion, impersonation of IAF pilot, Mossad agent, illegal entry
- 3An Excursion Through Renowned Western Network programs
- 4Jeff Bezos’ Blue Origin launches landmark Mars mission in New Glenn rocket’s first big test
- 5Living Abroad: Social Inundation and Self-improvement
- German gas price bill signed into law, but consumers not impressed
- 'No Kings' protests live updates: More than 8 million turned out across all 50 states, organizers say
- China Just Got A Lot Closer To Its First-Ever Manned Moon Landing
- Move. Cheer. Dance. Do the wave. How to tap into the collective joy of 'we mode'
- 'The Drama' plot twist, explained: What did Zendaya's character do, and what happens to her wedding?
- The Way to Fruitful Weight reduction: Individual Wellbeing Excursions
- The most effective method to Amplify Your Opportunity for growth in a Web-based Degree Program
- Arctic is again the hottest it's been in 125 years, with record-low sea ice, NOAA report says
- Foot fossil discovery could reshape human evolutionary history
