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

$748.01 -1.91 (-0.25%)

(As of 04:45 PM 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

Moderate Buy

Based on 21 Analyst Ratings

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

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
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	$1,002.24	$956.88	$557.00
Forecasted Upside	34.75% Upside	10.99% Upside	0.43% Upside	-6.40% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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.

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.

Eli Lilly and Company Stock vs. The Competition

Type	Eli Lilly and Company	Medical Companies	S&P 500
Consensus Rating Score	2.81	2.80	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	34.59% Upside	26,704.62% Upside	8.53% Upside
News Sentiment Rating	Positive News See Recent LLY News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/15/2024	Wolfe Research 3 of 5 stars		Initiated Coverage	Outperform	$1,000.00	+27.23%
11/4/2024	Redburn Atlantic 0 of 5 stars	S. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
11/4/2024	Deutsche Bank Aktiengesellschaft 3 of 5 stars		Lower Target	Buy ➝ Buy	$1,025.00 ➝ $1,015.00	+25.66%
10/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$1,025.00 ➝ $975.00	+16.30%
10/31/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$1,150.00 ➝ $1,100.00	+30.87%
10/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Verdult Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$1,060.00 ➝ $1,250.00	+39.96%
Get the Latest News and Ratings for LLY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Eli Lilly and Company and its competitors with MarketBeat's FREE daily newsletter.
10/17/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Breen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$1,100.00	+20.04%
10/10/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$1,000.00 ➝ $1,033.00	+11.80%
9/16/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$885.00 ➝ $885.00	-4.27%
9/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$1,050.00 ➝ $1,100.00	+17.67%
9/5/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	U. Raffat Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
8/27/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$1,106.00 ➝ $1,106.00	+16.36%
8/16/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$884.00 ➝ $1,030.00	+10.89%
8/14/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$1,000.00 ➝ $1,050.00	+13.30%
8/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$875.00 ➝ $1,000.00	+11.94%
8/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$1,001.00 ➝ $1,101.00	+30.36%
6/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$994.00 ➝ $1,015.00	+12.98%
5/14/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$770.00 ➝ $840.00	+11.04%
4/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$650.00 ➝ $723.00	-5.02%
4/3/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/21/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$820.00	+8.50%
10/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$612.00 ➝ $710.00	+20.28%
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$490.00 ➝ $580.00	+11.20%
8/8/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$490.00 ➝ $580.00	+11.20%
7/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$560.00	+28.82%
6/27/2023	22nd Century Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/1/2023	SVB Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$410.00 ➝ $458.00	+15.70%
4/28/2023	3M Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
2/15/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell	$278.00	-18.41%
12/16/2022	Leerink Partners Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$384.00 ➝ $410.00	+13.93%
12/5/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$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 Friday at 05:08 PM 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

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

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 equities research 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 equities research 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.
: Eli Lilly and Company has been rated by research analysts at Bank of America, Barclays, Cantor Fitzgerald, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Redburn Atlantic, Sanford C. Bernstein, Truist Financial, and Wolfe Research in the past 90 days.
: 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.

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This page (NYSE:LLY) was last updated on 11/22/2024 by MarketBeat.com Staff

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