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Eli Lilly's stock could rise nearly 20% as its fast growth and new drug approvals boost outlook.

Analyst Insights
29 Sep 2026
24/7 Wall Street
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Bullish
Eli Lilly's stock could rise nearly 20% as its fast growth and new drug approvals boost outlook.

Eli Lilly is growing faster than any other large drugmaker, driven by strong sales of Mounjaro and new FDA approvals for cardiovascular risk reduction and insulin products. The company plans to seek approval for retatrutide in early 2027, a drug showing promising weight loss results. Despite some pressure from falling U.S. drug prices, analysts remain bullish, raising earnings estimates and setting a price target near $1,400, about 20% above current levels. The stock's premium valuation is supported by its rapid growth compared to peers like Novo Nordisk and Merck. Investors will watch closely for retatrutide's approval and pricing trends to confirm this optimistic outlook.

As of Sep 30, 2026 01:11 WIB, Eli Lilly (LLY) trades at USD 1,183.81, close to its 52-week high of $1.28K, showing a slight 1-day decline of 0.18%. In contrast, Novo Nordisk (NVO) is near its 52-week low at USD 38.17, down 1.39% on the day, while Merck (MRK) holds steady at USD 148.81, just below its 52-week high of $156.43 with a minor 0.07% gain. Eli Lilly's premium valuation and strong buy interest on Pluang, with 76% of orders to buy, highlight its growth appeal compared to peers as investors watch for upcoming drug approvals.

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