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Eli Lilly shares rise on strong Q1 earnings and raised guidance, with $1,085 price target and 14% upside.

Analyst Insights
12 May 2026
24/7 Wall Street
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Bullish
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Eli Lilly reported a strong Q1 2026 with revenue up 55.5% to $19.8 billion and earnings per share beating estimates. Its drug Mounjaro became the world's top-selling medication, driving optimism and a raised full-year revenue forecast of $82-$85 billion. Analysts set a 12-month price target of $1,085, implying 14.3% upside, citing growth in new drugs like Foundayo and retatrutide. Risks include pricing pressure and reliance on key drugs, but the outlook remains positive if new products gain traction and international sales grow.

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