The stock market is a fickle beast, and if you’re staring at the LLY stock price today per share, you’re probably seeing a bit of a tug-of-war. As of mid-afternoon on January 14, 2026, Eli Lilly is trading around $1,068.86. That’s down about 0.75% from the previous close. Honestly, it’s a bit of a breather after the massive run the company had through 2025. It recently crossed that astronomical $1 trillion market cap milestone, making it the first pure-play pharma company to join the four-comma club.
People are obsessed with these numbers because Lilly isn't just a drug company anymore. It’s basically become the NVIDIA of healthcare. You’ve got people betting on it like it’s a tech startup, which is wild for a firm founded in 1876.
Why the slight dip today?
Markets are funny. Even with the news of a $1 billion AI co-innovation lab partnership with NVIDIA just being announced in South San Francisco, the stock is seeing some selling pressure. You’d think an "AI supercomputer for drugs" would send it to the moon, right? Well, investors are kinda jittery because of the competition.
Novo Nordisk just launched its Wegovy pill in the U.S. earlier this month. That’s a big deal. Most people hate needles. If you can take a pill instead of a weekly injection for weight loss, you’re going to. Lilly has its own oral candidate, orforglipron, but it’s still waiting on the FDA. Analysts like those at Leerink Partners expect a decision by the second quarter of 2026. Until then, there's this weird "wait and see" vibe hanging over the share price.
Understanding the LLY stock price today per share and its valuation
If you look at the multiples, Lilly is expensive. Like, really expensive. It’s trading at a trailing P/E ratio of roughly 52.3. Compare that to your average pharma stock which usually sits around 10 or 15. Basically, you’re paying a massive premium for the future.
The market isn't buying Lilly for what it’s doing today. They’re buying it for what happens in 2027 and 2028. The revenue projections are nuts—we're talking about a path to nearly $94 billion in annual revenue.
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The Mounjaro and Zepbound Factor
These two drugs are the engines under the hood. In the last quarter of 2025, they brought in over $10 billion combined. That is a staggering amount of money for a single drug franchise. Tirzepatide (the active ingredient) is now the best-selling medicine in the world, even eclipsing Merck’s Keytruda.
- Mounjaro: Driving the diabetes side of the house.
- Zepbound: Capturing the massive obesity market.
- Pipeline: The "Triple G" drug, retatrutide, is showing nearly 30% weight loss in trials.
What about the risks?
It’s not all sunshine and rainbows. The LLY stock price today per share reflects some of the "weight" of legal and political pressure. On January 1, 2026, new price caps from the Inflation Reduction Act hit Jardiance, one of Lilly’s top diabetes sellers for Medicare patients.
Then you have the lawsuits. There’s a whole bunch of consolidated litigation regarding gastroparesis—basically stomach paralysis—that some patients claim is linked to GLP-1 drugs. Lilly says the safety profile is solid, but a big court loss could tank the stock overnight. You also have to worry about the "megafabs." Lilly has spent over $50 billion on manufacturing sites in Indiana and Germany. If one of those has a major hiccup, the supply chain breaks, and the revenue "hockey stick" snaps.
Is the current price a "Buy" or a "Hold"?
Wall Street is split, but mostly bullish. Goldman Sachs recently bumped their price target to $1,145. Bank of America is looking even higher, shifting their valuation targets to 2027 estimates because they think the "Metabolic Revolution" is only in the third inning.
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But you’ve got to be careful. The stock is volatile. On January 5th, it had its biggest drop of the year just because of Novo’s pill rollout. If you’re a value investor who likes low P/E ratios, you’ll probably hate this stock. If you’re a growth hunter, it’s hard to ignore a company that is basically redefining how we treat the world’s biggest health crises: obesity and Alzheimer’s (via their drug Kisunla).
Actionable Insights for Investors
If you're looking at the LLY stock price today per share and wondering what to do, keep these points in mind:
- Watch the Q2 FDA decision: The approval of orforglipron (the weight-loss pill) is the next massive catalyst. If it gets rejected or delayed, expect a double-digit drop.
- Monitor the NVIDIA partnership: The AI lab isn't just marketing fluff. If they start announcing shorter R&D timelines for new molecules, the tech-style valuation will actually start to make sense.
- Don't ignore the "Triple G": Retatrutide is the real deal. If the final Phase 3 data looks as good as the early reads, Lilly might own the obesity market for the next decade.
- Mind the gap: The stock has a 52-week low of $623.78 and a high of $1,133.95. It’s closer to the top than the bottom. Scaling in slowly is usually smarter than dumping everything in at once.
The story of Eli Lilly in 2026 is one of a transition from a pharmaceutical company to a global macroeconomic force. It’s no longer just about selling pills; it's about whether they can manufacture enough to meet a demand that seems almost infinite.
To stay ahead of the curve, you should set alerts for any news regarding the Phase 3 TRIUMPH-4 clinical trial results and keep an eye on the weekly prescription data for Zepbound, which currently holds over 70% of the new U.S. obesity prescription market. Any slippage there is your first warning sign.