Eli Lilly's Stock Is Up 15% This Year, and Here's Why It Could Take Off Even More
Growth stocks often don't come cheap, especially when their prospects look great, as is the case with Eli Lilly (LLY 1.09%). It is the most valuable healthcare company in the world, with a market cap of around $800 billion. And yet it may still not be too late to invest in it.The company's dominance in the GLP-1 drug market makes it a promising long-term investment to hang on to. Last year, its sales rose by 32%, but there could be even more growth on the horizon.Eli Lilly is going after compounding pharmac ...