(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
At 72, Kathie Lee Gifford says aging isn’t what she expected. 'The golden years? It’s a lie.’ - 2Journalists killed by Israeli strike in southern Lebanon
- 3Old video misrepresented as senior Sri Lankan ruling party member criticising president over fuel shortage
- 4The Specialty of Cleaning up: Change Your Space and Brain
- 5Cases of norovirus are on the rise just in time for the holiday season
- Down to earth Manual for A Modest Hyundai Ioniq Electric for Seniors
- Climate engineering would alter the oceans, reshaping marine life – our new study examines each method’s risks
- Best Augmented Simulation Ride: Which One Feels Generally Genuine?
- The Most Well known Online Entertainment Forces to be reckoned with of 2023
- Step by step instructions to Remain Spurred While Chasing after a Web-based Degree
- The most effective method to Explore Moral Situations in Brain research with Your Certification
- Pick Your Top Method for starting the Morning
- Can scientists detect life without knowing what it looks like? Research using machine learning offers a new way
- The most effective method to Remain Ahead in the Most recent Advanced Patterns with a Web based Advertising Degree
