Jefferies analyst Akash Tewari maintains $Eli Lilly and Co (LLY.US)$ with a buy rating, and adjusts the target price from $1,113 to $994.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of 12.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Eli Lilly and Co (LLY.US)$'s main analysts recently are as follows:
Eli Lilly experienced a turbulent quarter regarding Mounjaro and Zepbound, but it was clarified that the variances were tied to inventory factors rather than supply or demand issues. Despite a slight setback in the third quarter, the overall sentiment on Eli Lilly remains optimistic, though projections for Mounjaro and Zepbound have been slightly reduced.
Following Eli Lilly's Q3 report, there's a notable shortfall in tirzepatide revenue, presenting a considerable challenge for the final quarter. This situation is compounded by fluctuations in channel inventories and the postponement of direct-to-consumer activities to later in the quarter.
Note:
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