QUOTES-Lilly becomes first healthcare firm to join trillion-dollar club, Wall Street reacts
Nov 21 (Reuters) - Eli Lilly LLY.N hit $1 trillion in market value on Friday, making it the first drugmaker to enter the exclusive club dominated by tech giants and underscoring its rise as a weight-loss powerhouse.
Here are some reactions to Lilly joining the trillion dollar club:
GEOFF MEACHAM, ANALYST AT CITI
"I think the market cap / liquidity / positioning of being a mega cap healthcare company positions Lilly well as a viable alternative to the "Mag7". With the recent tech sell off and also going into 2026, I think investors are re-evaluating their allocations towards tech (TMT broadly) and since healthcare has underperformed most of this year, it's a viable option. Within that Lilly's fundamentals stand out – among the fastest growers on revenue/EPS."
EVAN SEIGERMAN, ANALYST AT BMO CAPITAL MARKETS
"The current valuation points to investor confidence in the longer-term durability of the company's metabolic health franchise. It also suggests that investors prefer Lilly over Novo in the obesity arms race. Taking a step back, we're also seeing money rotate into the sector as investors may be worried about an AI bubble."
HANK SMITH, DIRECTOR & HEAD OF INVESTMENT STRATEGY AT LILLY SHAREHOLDER HAVERFORD TRUST
"Investors have historically liked secure earnings growth and (Eli Lilly) is the only large cap pharma that has that kind of earnings profile."
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