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Stock impact report

Is Viking Therapeutics Incredibly Undervalued? [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
The buzz around its mid-stage weight loss candidate, VK2735, has propelled the biotech's stock to a staggering 714% surge since the completion of the drug's Phase 1 trial on March 28, 2023. What's Driving Investor Interest? Two key factors have fueled investor enthusiasm: Sales Estimates : Wall Street analysts have unveiled jaw-dropping sales projections for VK2735. But more on that shortly. Buyout Rumors : With each clinical update over the past 13 months, buyout speculations have gained momentum. The VK2735 Opportunity Viking currently boasts a market valuation of $8.1 billion. For an unprofitable biotech company without approved products, this might seem extravagant. However, VK2735 represents a potential mega-blockbuster in the pharmaceutical industry--a rare gem. Why? Goldman Sachs analysts foresee the weight loss drug market ballooning to a staggering $100 billion by 2030. Taking a leap further, Leerink Partners predicts it could reach $158 billion by 2032. Vik Show less Read more
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