Eli Lilly and Company (NYSE:LLY) Price Target Raised to $1,650.00

Key Points

• JPMorgan raised Eli Lilly’s price target to $1,650 from $1,500 and maintained an “overweight” rating, implying 16.56% upside from the prior close. The broader analyst consensus is “Moderate Buy,” with an average target of $1,398.43.
• Eli Lilly reported strong quarterly results, with revenue up 38.6% year over year to $24.4 billion and EPS of $7.48 versus the $5.68 consensus estimate. The company also raised its 2026 revenue forecast to $91 billion-$92 billion, supported by demand for Mounjaro and Zepbound.
• Shares rose 3.1% to $1,415.64, but investors face risks from pricing pressure, elevated valuation and reliance on GLP-1 products; insiders have also sold $15.96 million of stock over the past 90 days.

Eli Lilly and Company (NYSE:LLY - Get Free Report) had its target price boosted by stock analysts at JPMorgan Chase & Co. from $1,500.00 to $1,650.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 16.56% from the company's previous close.

Several other equities analysts also recently commented on the company. TD Cowen reaffirmed a "buy" rating and issued a $1,250.00 price objective on shares of Eli Lilly and Company in a research report on Tuesday, September 22nd. Citigroup increased their target price on shares of Eli Lilly and Company from $1,600.00 to $1,650.00 and gave the company a "buy" rating in a research report on Friday. Weiss Ratings raised Eli Lilly and Company from a "buy (b)" rating to a "buy (b+)" rating in a report on Thursday, October 15th. Bank of America reaffirmed a "buy" rating and set a $1,497.00 price target on shares of Eli Lilly and Company in a research report on Friday. Finally, Wells Fargo & Company raised their price target on shares of Eli Lilly and Company from $1,330.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,398.43.

Eli Lilly and Company Stock Up 3.1%

Eli Lilly and Company stock traded up $41.94 during mid-day trading on Friday, reaching $1,415.64. The stock had a trading volume of 5,246,333 shares, compared to its average volume of 2,944,370. Eli Lilly and Company has a one year low of $834.19 and a one year high of $1,449.68. The company has a market capitalization of $1.33 trillion, a price-to-earnings ratio of 47.50, a PEG ratio of 1.73 and a beta of 0.46. The company has a 50-day moving average price of $1,194.34 and a two-hundred day moving average price of $1,090.89. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.35 and a quick ratio of 1.00.

Eli Lilly and Company (NYSE:LLY - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $7.48 earnings per share for the quarter, topping the consensus estimate of $5.68 by $1.80. Eli Lilly and Company had a net margin of 33.53% and a return on equity of 97.83%. The business had revenue of $24.40 billion for the quarter, compared to the consensus estimate of $22.58 billion. During the same period last year, the firm earned $7.02 earnings per share. The company's quarterly revenue was up 38.6% on a year-over-year basis. On average, analysts expect that Eli Lilly and Company will post 33.22 EPS for the current fiscal year.

Insider Activity

In related news, EVP Anat Hakim sold 5,000 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $1,190.00, for a total value of $5,950,000.00. Following the sale, the executive vice president directly owned 11,875 shares in the company, valued at $14,131,250. The trade was a 29.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Patrik Jonsson sold 6,500 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $1,175.10, for a total transaction of $7,638,150.00. Following the completion of the sale, the executive vice president owned 54,147 shares of the company's stock, valued at $63,628,139.70. This represents a 10.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,500 shares of company stock valued at $15,958,170 in the last ninety days. Company insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On Eli Lilly and Company

Several large investors have recently modified their holdings of LLY. Coastal Bridge Advisors LLC acquired a new position in shares of Eli Lilly and Company in the 2nd quarter worth approximately $2,959,000. Mosaic Family Wealth Partners LLC grew its stake in shares of Eli Lilly and Company by 70.6% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 3,455 shares of the company's stock valued at $4,144,000 after purchasing an additional 1,430 shares during the last quarter. Moran Wealth Management LLC raised its position in Eli Lilly and Company by 85.6% during the 2nd quarter. Moran Wealth Management LLC now owns 20,903 shares of the company's stock worth $25,072,000 after buying an additional 9,638 shares during the last quarter. Generali Investments Management Co LLC boosted its holdings in Eli Lilly and Company by 17.5% in the 2nd quarter. Generali Investments Management Co LLC now owns 10,220 shares of the company's stock valued at $12,258,000 after purchasing an additional 1,521 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in shares of Eli Lilly and Company by 51.3% in the third quarter. Capital Investment Advisors LLC now owns 44,851 shares of the company's stock valued at $51,896,000 after buying an additional 15,214 shares in the last quarter. 82.53% of the stock is currently owned by institutional investors.

Trending Headlines about Eli Lilly and Company

Here are the key news stories impacting Eli Lilly and Company this week:

• Positive Sentiment: Q3 results substantially beat expectations. Revenue rose 39% year over year to $24.4 billion, while adjusted EPS was $7.48 versus the $5.68 consensus estimate. Mounjaro sales increased 65% to $10.7 billion and Zepbound sales rose 49% to $5.35 billion. Lilly third-quarter results
• Positive Sentiment: Lilly raised its 2026 revenue forecast to $91 billion-$92 billion, up from $85 billion-$87 billion previously. Strong demand, broader Medicare access and growing middle-income adoption are supporting expectations for continued GLP-1 expansion. Q3 earnings call highlights
• Positive Sentiment: Analysts raised their price targets and maintained bullish ratings. Scotiabank lifted its target to $1,605 with a “sector outperform” rating, Morgan Stanley raised its target to $1,596 with an “overweight” rating, and RBC moved to $1,600 with an “outperform” rating. Analyst commentary
• Positive Sentiment: Pipeline and portfolio diversification offer additional upside. Positive Phase 3 retatrutide data strengthened Lilly’s competitive position against Novo Nordisk, while oncology, immunology and neuroscience products are beginning to contribute more meaningfully. Lilly growth opportunities
• Negative Sentiment: Investors face execution and valuation risks. Realized prices fell 15%, meaning volume growth must continue to offset pricing pressure. Results also benefited from roughly $900 million in one-time items, and acquired in-process research charges weighed on earnings. With GLP-1 drugs representing a large share of revenue and the stock near its high, expectations are elevated. Reuters earnings report

Eli Lilly and Company Company Profile

Eli Lilly and Company NYSE: LLY is a global pharmaceutical company that discovers, develops, manufactures and markets medicines for a range of medical conditions. Its major therapeutic areas include diabetes and obesity, oncology, immunology, neuroscience and cardiovascular health.

The company's portfolio includes Mounjaro and Trulicity for diabetes, Zepbound for chronic weight management, Humalog insulin, Taltz for inflammatory diseases, Verzenio for certain breast cancers and Kisunla for early symptomatic Alzheimer's disease.

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