3 Reasons to Buy Eli Lilly Stock Like There's No Tomorrow
Eli Lilly is winning the GLP-1 race right now, but it isn't resting on its laurels.
3 Reasons to Buy Eli Lilly Stock Like There's No Tomorrow
Overview
There are some good reasons why investors might want to avoid Eli Lilly (NYSE: LLY). For example, its price-to-earnings ratio is high at 40x, and its yield is very low at just 0.6%. But there are also some very good reasons to buy the drug maker's shares, noting that it is a leader in the merging GLP-1 weight-loss market. Here are three reasons to buy Eli Lilly as it looks to leverage its success to create a brighter tomorrow.
Eli Lilly's P/E ratio is high for a very good reason. It was second to market with a GLP-1 shot, but it quickly overtook Novo Nordisk (NYSE: NVO), which was the first to market with a GLP-1 shot (Wegovy). And the sales growth Eli Lilly's Mounjaro and Zepbound have achieved is nothing short of incredible.
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Originally published at www.fool.com.



