Pro Research: Wall Street takes on Eli Lilly's prospects

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Eli Lilly and Company (NYSE:LLY), a stalwart in the biopharmaceutical industry, has been the subject of multiple analyses by Wall Street firms, painting a complex but generally optimistic picture of its future. With its focus on diabetes care, obesity, Alzheimer's, and oncology, the company is navigating a dynamic healthcare landscape with a robust product pipeline and strategic market maneuvers.

Eli Lilly's diabetes treatment Mounjaro (tirzepatide) has been a standout, with prescription growth indicating strong market acceptance and potential for significant revenue growth. Analysts projected FY2023 revenues for Mounjaro at $4.98 billion, underscoring the drug's importance to Eli Lilly's financial health. However, the broader incretin market has seen fluctuations, with competitors like Ozempic and Wegovy experiencing prescription declines due to supply shortages, which could hint at broader industry challenges.

The company's oncology portfolio, particularly with the recent approval of Zepbound, is also expected to support future earnings, despite not significantly impacting prescription tracking until the end of 2023. Moreover, the upcoming submission of the Alzheimer's drug donanemab is