#Goldman Sachs Raises Eli Lilly's Price Target to 1413
Goldman Sachs raised its price target for Eli Lilly from 1371 to 1413. The news came out just 12 minutes ago. $LLY is currently at 1255.98, up just 0.68% in 24 hours, with a 1.53% trading range and a trading volume of 2.3 million USDT. The stock has barely moved.
My first reaction: this looks more like a routine price-target adjustment than anything new. The target was raised by $42, but the stock hasn't even managed to hold above 1260, and volume hasn't picked up either.
I'm leaning bearish, with a good chance of a pullback after the spike. If it gets above 1260 on strong volume, then I'm wrong. Do you think it can break through 1260 today?
Goldman Sachs raised its price target for Eli Lilly from 1371 to 1413. The news came out just 12 minutes ago. $LLY is currently at 1255.98, up just 0.68% in 24 hours, with a 1.53% trading range and a trading volume of 2.3 million USDT. The stock has barely moved.
My first reaction: this looks more like a routine price-target adjustment than anything new. The target was raised by $42, but the stock hasn't even managed to hold above 1260, and volume hasn't picked up either.
I'm leaning bearish, with a good chance of a pullback after the spike. If it gets above 1260 on strong volume, then I'm wrong. Do you think it can break through 1260 today?