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Benzinga
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Eli Lilly Seen In 'Pole Position' For Growth, Analysts Say

1. Eli Lilly's Q3 revenue rose 54%, beating expectations at $17.60 billion. 2. Adjusted EPS increased to $7.02 from $1.18 last year, surpassing analyst forecasts. 3. Goldman Sachs maintains a 'Buy' rating, raising price target to $951. 4. Lilly remains well-positioned amidst rising competition in obesity treatments. 5. BofA Securities also rates Lilly as 'Buy' with a focus on durable growth potential.

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FAQ

Why Bullish?

LLY's strong earnings report and upward guidance suggest robust growth, similar to historical gains seen post-earnings. Recent launches, like Mounjaro, continue to reinforce bullish sentiment.

How important is it?

The article highlights Eli Lilly's robust earnings, future forecasts, and analyst optimism, which are crucial for investor confidence.

Why Long Term?

The upcoming product launches (like orforglipron) may establish a sustained growth trajectory, akin to past successful drug introductions that led to prolonged stock appreciation.

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