(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
'You're no longer my sister' - rows erupt as war divides Iranian families - 2Iran slams UN nuclear watchdog for failing to condemn Bushehr attacks
- 3Unraveling the Specialty of Picking Your Ideal Travel Objective
- 4Europe: 4 Urban communities for a Paramount Social Experience
- 5Newly Identified ‘Lucy’s Hunter’ Was a 15-Foot Crocodile Lurking in Ancient Ethiopia
- Which salad do you believe is a definitive group pleaser? Vote!
- As nations push for more ambition at climate talks, chairman says they may get it
- Doritos and Cheetos dial back the bright orange in new versions without artificial ingredients
- Step by step instructions to Open a Lovely Waterway Voyage Insight: Conveniences, Administrations, and Elite Offers
- Kobe Bryant called this WNBA star the 'Gold Mamba.' She turned his advice to her into a tattoo.
- Viable Monetary Tips to Advance Your Monetary Circumstance
- What exactly is the Upside Down in 'Stranger Things'? The wormhole revelation, explained.
- 100 new alien worlds: Scientists find hidden haul in data from NASA exoplanet-hunting spacecraft
- Understanding the Rudiments of Tree Administrations
