LLY

Eli Lilly and Company
HealthcareDrug Manufacturers - GeneralNASDAQ
$1,105
+$67.20 (6.08%)today
Conviction
9/ 10
Fair Value$1,209.69
Upside+9.47%
Signal8.52
Market Cap$806.7B
52W Range$623.78–$1,133.95
Next EarningsApr 30

Conviction History

Conviction Changes

Apr 7, 2026, 8:25 PM89news-research
Apr 6, 2026, 3:04 PM98macro-brief
Apr 2, 2026, 9:13 PM98macro-brief
Apr 1, 2026, 9:03 AM79news-research
Premium Content

Upgrade to premium to see the full reasoning behind each conviction change.

Sign in to unlock

Price History

FAIR VALUE ANALYSISMonte Carlo · 5,000 runs · 99% valid
Fair Value$1200.22
Current Price$906.70
Upside / Down+32.4%
P(Undervalued)91.5%
P(20%+ Up)68.3%
P(15%+ Down)0.9%

Fair Value Distribution — percentile bands

91.5% of simulations place fair value above current price

WHAT IS PRICED IN

Revenue-Based Reverse DCF

18.2%/yr

±4.9% · revenue growth to justify current price

FCF-Based Reverse DCF

44.8%/yr

±4.8% · FCF growth to justify current price

THE GAP

Market pricing margin compression or rising capex

Premium Content

Upgrade to premium for full distribution data, sensitivity analysis, and segment breakdowns.

Sign in to unlock
Bull Case

Largest TAM in healthcare; durable pricing power; AI-driven pipeline optionality.

Bear Case

33x forward PE high in Risk-Off; supply constraints limit Zepbound; oral GLP-1 competition.

Thesis Breakers

Novo Nordisk oral semaglutide gains faster share; Medicare negotiation unfavorable.

Updated Mar 30

Research Feed

newsApr 7
Conviction: unchanged
FDA Approves Foundayo Oral GLP-1 Obesity Pill + 6.3B Centessa Acquisition

FDA approved Lilly's Foundayo oral GLP-1 for obesity, shares up 6.5%; acquiring Centessa for 6.3B reinforces structural GLP-1 dominance and pipeline depth thesis.

newsApr 1
Conviction: unchanged
FDA Approves Foundayo (orforglipron) — Oral GLP-1 for Obesity, Available April 6

Major catalyst: FDA approved LLY's oral GLP-1 Foundayo (orforglipron) today, April 1, 2026. Available via LillyDirect starting April 6 with broad retail/telehealth rollout. 27 lbs avg weight loss at h...

newsMar 30
Conviction: unchanged
LLY: .75B Insilico Medicine AI Drug Deal — Expands Pipeline Beyond GLP-1

Eli Lilly signed a .75B deal with Hong Kong-based Insilico Medicine to bring AI-developed drugs to global markets. Signals Lilly is diversifying pipeline with AI-assisted drug discovery, expanding bey...

analysisMar 18
Conviction: unchanged
LLY: GLP-1 Dominance Accelerating — B Revenue Guidance, Oral GLP-1 Next Catalyst

LLY Q4 2025: Mounjaro 7.4B (+110%), Zepbound 4.2B (+123%), EPS 7.54 vs 6.67 est. 2026 guidance 80-83B (+25%). 70% share of new obesity Rx. Oral GLP-1 (orforglipron) Phase 3 next catalyst. Bear: pricin...

sec_10kFeb 28
Conviction: unchanged
LLY 10-K FY2025: GLP-1 Dominance Intact, Volume Overwhelms Pricing Headwinds

LLY 10-K for FY2025 confirms blockbuster GLP-1 trajectory. Q4 2025 revenue of .29B (+43% YoY) crushed .96B consensus. Mounjaro/Zepbound account for 56% of total 2025 revenues. 2026 guidance of -83B im...