GLP-1 Drugs Drive Growth for Eli Lilly. Is the Stock a Buy?
After pre-announcing that its full-year revenue would come in below its original guidance, Eli Lilly (NYSE: LLY) announced its full results and reiterated its earlier 2025 forecast. The company has been a big beneficiary of GLP-1 drugs that have seen soaring demand as they have been shown to greatly help with multiple health issues, including weight control.The stock has bounced back since lowering its 2024 guidance in mid-January and is now up more than 10% year to date.Let's take a closer look at the company's results to see if the stock is a buy.Continue reading
After pre-announcing that its full-year revenue would come in below its original guidance, Eli Lilly (NYSE: LLY) announced its full results and reiterated its earlier 2025 forecast. The company has been a big beneficiary of GLP-1 drugs that have seen soaring demand as they have been shown to greatly help with multiple health issues, including weight control.
The stock has bounced back since lowering its 2024 guidance in mid-January and is now up more than 10% year to date.
Let's take a closer look at the company's results to see if the stock is a buy.
