Bernstein Raises Eli Lilly Price Target to $1,300 on Weight-Loss Pill Optimism
Bernstein analysts have lifted their price target on Eli Lilly (LLY) to $1,300 from $1,100, maintaining a Buy rating. The upgrade reflects confidence in the upcoming launch of oral weight-loss drug Orforglipron, projected to generate $1.8 billion in sales by 2026. The firm cites Lilly's overseas expansion and Medicare/Medicaid coverage for Zepbound as additional catalysts.
The pharmaceutical giant recently crossed a $1 trillion market capitalization milestone. Bernstein's bullish stance hinges on the industry-wide shift from injectable to pill-form weight-loss treatments, with Lilly positioned as a first-mover in this emerging therapeutic class.