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Eli Lilly and Company (LLY) Stock Forecast & Price Target

Eli Lilly and Company logo
$748.01 -1.91 (-0.25%)
(As of 11/22/2024 ET)

Eli Lilly and Company - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
4
Buy
17

Based on 21 Wall Street analysts who have issued ratings for Eli Lilly and Company in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 4 have given a hold rating, and 17 have given a buy rating for LLY.

Consensus Price Target

$1,007.94
34.75% Upside
According to the 21 analysts' twelve-month price targets for Eli Lilly and Company, the average price target is $1,007.94. The highest price target for LLY is $1,250.00, while the lowest price target for LLY is $723.00. The average price target represents a forecasted upside of 34.75% from the current price of $748.01.
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LLY Analyst Ratings Over Time

TypeCurrent Forecast
11/26/23 to 11/25/24
1 Month Ago
10/27/23 to 10/26/24
3 Months Ago
8/28/23 to 8/27/24
1 Year Ago
11/26/22 to 11/26/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
17 Buy rating(s)
16 Buy rating(s)
16 Buy rating(s)
18 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$1,007.94$1,013.41$961.76$557.00
Forecasted Upside34.75% Upside13.52% Upside0.76% Upside-7.34% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

LLY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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LLY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Eli Lilly and Company Stock vs. The Competition

TypeEli Lilly and CompanyMedical CompaniesS&P 500
Consensus Rating Score
2.81
2.80
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside34.75% Upside27,073.48% Upside7.66% Upside
News Sentiment Rating
Positive News

See Recent LLY News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2024Wolfe Research
3 of 5 stars
 Initiated CoverageOutperform$1,000.00+27.23%
11/4/2024Redburn Atlantic
5 of 5 stars
S. Baker
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UpgradeHold
11/4/2024Deutsche Bank Aktiengesellschaft
3 of 5 stars
 Lower TargetBuy ➝ Buy$1,025.00 ➝ $1,015.00+25.66%
10/31/2024Barclays
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 Lower TargetOverweight ➝ Overweight$1,025.00 ➝ $975.00+16.30%
10/31/2024Bank of America
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 Lower TargetBuy ➝ Buy$1,150.00 ➝ $1,100.00+30.87%
10/25/2024Citigroup
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P. Verdult
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Boost TargetBuy ➝ Buy$1,060.00 ➝ $1,250.00+39.96%
10/17/2024Sanford C. Bernstein
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C. Breen
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Initiated CoverageOutperform$1,100.00+20.04%
10/10/2024Truist Financial
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 Boost TargetBuy ➝ Buy$1,000.00 ➝ $1,033.00+11.80%
9/16/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$885.00 ➝ $885.00-4.27%
9/13/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$1,050.00 ➝ $1,100.00+17.67%
9/5/2024Evercore ISI
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U. Raffat
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UpgradeHold
8/27/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$1,106.00 ➝ $1,106.00+16.36%
8/16/2024Guggenheim
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 Boost TargetBuy ➝ Buy$884.00 ➝ $1,030.00+10.89%
8/14/2024Berenberg Bank
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 Boost TargetBuy ➝ Buy$1,000.00 ➝ $1,050.00+13.30%
8/9/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$875.00 ➝ $1,000.00+11.94%
8/9/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$1,001.00 ➝ $1,101.00+30.36%
6/24/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$994.00 ➝ $1,015.00+12.98%
5/14/2024Argus
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 Boost TargetBuy ➝ Buy$770.00 ➝ $840.00+11.04%
4/11/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$650.00 ➝ $723.00-5.02%
4/3/2024Erste Group Bank
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 UpgradeHold ➝ Buy
2/21/2024DZ Bank
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 DowngradeBuy ➝ Hold$820.00+8.50%
10/20/2023UBS Group
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 Reiterated RatingBuy ➝ Buy$612.00 ➝ $710.00+20.28%
8/9/2023Credit Suisse Group
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 Boost TargetOutperform ➝ Outperform$490.00 ➝ $580.00+11.20%
8/8/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$490.00 ➝ $580.00+11.20%
7/14/2023HSBC
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 Initiated CoverageBuy$560.00+28.82%
6/27/202322nd Century Group
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 Reiterated RatingMaintains
5/1/2023SVB Securities
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 Boost Target$410.00 ➝ $458.00+15.70%
4/28/20233M
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 Reiterated RatingMaintains
2/15/2023Societe Generale
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 DowngradeHold ➝ Sell$278.00-18.41%
12/16/2022Leerink Partners
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 Boost TargetOutperform$384.00 ➝ $410.00+13.93%
12/5/2022Cowen
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 Boost TargetOutperform$390.00 ➝ $430.00+14.74%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:59 AM ET.


Should I Buy Eli Lilly and Company Stock? LLY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Eli Lilly and Company pros and cons to contact@marketbeat.com.

Eli Lilly and Company
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Eli Lilly and Co:

  • The company reported a significant year-over-year revenue increase of 20.4%, indicating strong growth potential and demand for its products.
  • Eli Lilly and Co has a high return on equity of 71.08%, suggesting effective management and profitability, which can lead to higher shareholder returns.
  • The current stock price is $753.41, reflecting a recent increase, which may indicate positive market sentiment and potential for further appreciation.
  • The company has a solid dividend payout ratio of 56.22%, providing a reliable income stream for investors through its quarterly dividend of $1.30.
  • Analysts have a consensus rating of "Moderate Buy" with a price target of $1,007.94, suggesting that there is room for growth in the stock price based on future performance expectations.

Eli Lilly and Company
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Eli Lilly and Co for these reasons:

  • The company recently missed earnings expectations, reporting $1.18 earnings per share compared to the consensus estimate of $1.52, which may raise concerns about its short-term performance.
  • With a price-to-earnings (P/E) ratio of 80.40, the stock may be considered overvalued, indicating that investors are paying a high price for each dollar of earnings, which could lead to a price correction.
  • The stock has a relatively high debt-to-equity ratio of 2.03, suggesting that the company is heavily reliant on debt financing, which can increase financial risk, especially in volatile markets.
  • Insider selling activity, such as the recent sale of 900 shares by the chief accounting officer, may signal a lack of confidence in the company's near-term prospects.
  • Despite strong revenue growth, the company’s net margin of 20.48% may indicate that rising costs could impact profitability in the future.

LLY Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Eli Lilly and Company is $1,007.94, with a high forecast of $1,250.00 and a low forecast of $723.00.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eli Lilly and Company in the last twelve months. There are currently 4 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" LLY shares.

According to analysts, Eli Lilly and Company's stock has a predicted upside of 34.75% based on their 12-month stock forecasts.

Over the previous 90 days, Eli Lilly and Company's stock had 2 upgrades by analysts.

Analysts like Eli Lilly and Company more than other "medical" companies. The consensus rating score for Eli Lilly and Company is 2.81 while the average consensus rating score for "medical" companies is 2.80. Learn more on how LLY compares to other companies.


This page (NYSE:LLY) was last updated on 11/25/2024 by MarketBeat.com Staff
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