(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
'No Kings' protests recap: More than 8 million turned out across all 50 states, organizers say - 2Eli Lilly to build $6 billion Alabama plant as part of US manufacturing push
- 3Three killed as unfinished building collapses on church service in Ghana
- 4James Webb Space Telescope finds strongest evidence yet for atmosphere around rocky exoplanet: 'It's really like a wet lava ball'
- 5Instructions to Upgrade the Security Elements of Your Kona SUV
- 7 Fast Approaches to Let loose Space on Your Telephone in a flash
- Telecommute Arrangement: What's Pivotal for Your Efficiency?
- Invigorating Spots To Go Kayaking All over The Planet
- Every year, she thanks the trooper for the arrest that led to her sobriety
- The Tiny Channel Island With 65 Residents That Chefs And Foodies Go Out Of Their Way To Visit
- Environmental groups urge Germany to cut oil and gas dependence
- Rocket shines under the northern lights | Space photo of the day for March 25, 2026
- 2 bright planets light up April evenings — here's where and when to look
- Nurturing Hacks: Astuteness from Experienced Mothers and Fathers
