Lilly’s Gains Have Morgan Stanley Asking $1 Trillion Question

 

• Morgan Stanley lifts price target on Lilly to a Street-high
• Drugmaker now among 10 most valuable US companies after rally

Eli Lilly & Co.’s relentless stock records have Morgan Stanley analysts musing whether it will become the first US company outside of the Magnificent Seven to reach a market value of $1 trillion.

The analysts lifted their price target on the weight-loss drugmaker to the highest on Wall Street on Friday, to a level that would take the market capitalization to about $900 billion, according to Bloomberg calculations.

https://www.bloomberg.com/news/articles/2024-02-16/eli-lilly-closer-to-joining-magnificent-seven-in-1-trillion-market-cap-club