Now it's time for some facts.
Lly Earnings are forecasted to increase for the next 2 quarters going forward.
Based on analyst ratings, Eli Lilly’s 12 month average price target is $943.00 Eli Lilly has a 17% upside potential based on the analysts' average target price and the current price of $804.
Now I believe this analyst rating may have occurred before the price drop. Based on the original 7.3% upside, the stock was probably around $880 a share when they were calculating the upside potential.
On the low side I have seen other analysts who say the average Target prices $858 a share. Still with a 7% upside potential.
Regardless, that should not change the outlook consensus which is based on sales projections. so in theory, the upside is still there.
Eli Lilly & Co has a consensus rating of Strong Buy which is based on 17 buy ratings, 4 hold ratings and 0 sell ratings.
There is my "pump" for the day.
My opinion? The earning season continues for this stock.
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