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Eli Lilly stock hits new highs on strong obesity drug data, eyeing $1,500 target in 12 months.

Analyst Insights
09 Jun 2026
24/7 Wall Street
View Source
Bullish
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Eli Lilly's stock surged to new 52-week highs after promising Phase 3 data for its obesity drug retatrutide, which could become a first-line treatment. Despite some early-year concerns over pricing pressures and competition, the company reported strong Q1 earnings with a 25.9% EPS surprise and raised its full-year revenue guidance. Analysts see potential for the stock to reach $1,500 within a year, driven by continued drug success, market share gains, and possible multiple expansion. Risks include regulatory and pricing challenges, but overall growth prospects remain strong.

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