Eli Lilly and Company (LLY) Valuation
Rating: Fairly Priced (Mid)
12-Month Fair Value: $782 – $920 – $1058
Confidence: HIGH
Eli Lilly is the undisputed leader of the GLP-1 revolution. Tirzepatide generated $36.5B in FY2025, and the 2026 guidance of $80-83B implies 25% growth at a ~$1T market cap. The pipeline is best-in-class with orforglipron (oral GLP-1, FDA Q2 2026) and retatrutide (triple agonist). However, at 30x forward earnings, the stock is priced for near-perfect execution with limited margin of safety.
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