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NYSE: ELV
Elevance Health Inc Stock Forecast, Predictions & Price Target

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Analyst price target for ELV

Based on 16 analysts offering 12 month price targets for Elevance Health Inc.
Min Forecast
$452.00-1.05%
Avg Forecast
$535.94+17.33%
Max Forecast
$625.00+36.82%

Should I buy or sell ELV stock?

Based on 16 analysts offering ratings for Elevance Health Inc.
Strong Buy
Strong Buy
9 analysts 56.25%
Buy
5 analysts 31.25%
Hold
2 analysts 12.5%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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ELV stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Bank of America
Bottom 6%
6
Strong BuyUpgrades$575.00+25.88%2022-09-09
SVB Leerink
Bottom 34%
34
BuyUpgrades$580.00+26.97%2022-08-22
Wells Fargo
Bottom 9%
9
Strong BuyMaintains$557.00+21.94%2022-07-28
Morgan Stanley
Top 2%
99
HoldMaintains$485.00+6.18%2022-07-25
Loop Capital
Top 11%
90
Strong BuyInitiates Coverage On$550.00+20.41%2022-06-17
Bernstein
Bottom 25%
25
BuyReinstates$596.00+30.48%2022-05-27
BMO Capital
Top 10%
91
BuyMaintains$625.00+36.82%2022-04-25
Deutsche Bank
Top 9%
92
Strong BuyMaintains$574.00+25.66%2022-04-22Find out why
Credit Suisse
Bottom 17%
17
BuyMaintains$584.00+27.85%2022-04-21
Anonymous
Goldman Sachs
Strong BuyMaintains$605.00+32.45%2022-04-21

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Forecast return on equity

Is ELV forecast to generate an efficient return?
Company
28.64%
Industry
36.3%
Market
121.65%
ELV's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ELV forecast to generate an efficient return on assets?
Company
10.17%
Industry
11.64%
ELV is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ELV earnings per share forecast

What is ELV's earnings per share in the next 3 years based on estimates from 15 analysts?
Avg 1 year Forecast
$28.82+14.09%
Avg 2 year Forecast
$32.43+28.38%
Avg 3 year Forecast
$36.94+46.24%
ELV's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

ELV revenue forecast

What is ELV's revenue in the next 3 years based on estimates from 17 analysts?
Avg 1 year Forecast
$154.7B+3.73%
Avg 2 year Forecast
$163.6B+9.74%
Avg 3 year Forecast
$175.6B+17.75%
ELV's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ELV earnings growth forecast

How is ELV forecast to perform vs Healthcare Plans companies and vs the US market?
Company
13.31%
Industry
13.2%
Market
16.67%
ELV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
ELV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
ELV's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

ELV revenue growth forecast

How is ELV forecast to perform vs Healthcare Plans companies and vs the US market?
Company
5.47%
Industry
6.56%
Market
8.48%
ELV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ELV's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ELV vs Healthcare Plan Stocks

TickerPricePrice TargetUp/downsideConsensus
ELV$456.79$535.94+17.33%Strong Buy
CVS$96.98$117.50+21.16%Strong Buy
CI$280.56$302.83+7.94%Buy
HUM$491.06$528.43+7.61%Strong Buy
CNC$77.68$96.47+24.19%Buy

Elevance Health Stock Forecast FAQ

Is Elevance Health Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 16 Wall Street analysts covering (NYSE: ELV) stock is to Strong Buy ELV stock.

Out of 16 analysts, 9 (56.25%) are recommending ELV as a Strong Buy, 5 (31.25%) are recommending ELV as a Buy, 2 (12.5%) are recommending ELV as a Hold, 0 (0%) are recommending ELV as a Sell, and 0 (0%) are recommending ELV as a Strong Sell.

If you're new to stock investing, here's how to buy Elevance Health stock.

What is ELV's earnings growth forecast for 2022-2024?

(NYSE: ELV) Elevance Health's forecast annual earnings growth rate of 13.31% is forecast to beat the US Healthcare Plans industry's average forecast earnings growth rate of 13.2%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.67%.

Elevance Health's earnings in 2022 is $6,104,000,000.On average, 15 Wall Street analysts forecast ELV's earnings for 2022 to be $6,916,820,001, with the lowest ELV earnings forecast at $6,878,419,890, and the highest ELV earnings forecast at $6,943,220,077. On average, 18 Wall Street analysts forecast ELV's earnings for 2023 to be $7,783,222,506, with the lowest ELV earnings forecast at $7,682,422,215, and the highest ELV earnings forecast at $7,896,022,833.

In 2024, ELV is forecast to generate $8,865,625,636 in earnings, with the lowest earnings forecast at $8,680,825,102 and the highest earnings forecast at $9,194,426,587.

What is ELV's revenue growth forecast for 2022-2024?

(NYSE: ELV) Elevance Health's forecast annual revenue growth rate of 5.47% is not forecast to beat the US Healthcare Plans industry's average forecast revenue growth rate of 6.56%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.48%.

Elevance Health's revenue in 2022 is $149,130,000,000.On average, 17 Wall Street analysts forecast ELV's revenue for 2022 to be $37,127,311,519,499, with the lowest ELV revenue forecast at $36,278,264,904,346, and the highest ELV revenue forecast at $37,858,909,475,030. On average, 17 Wall Street analysts forecast ELV's revenue for 2023 to be $39,275,751,892,054, with the lowest ELV revenue forecast at $37,828,141,386,059, and the highest ELV revenue forecast at $42,910,024,081,128.

In 2024, ELV is forecast to generate $42,143,534,824,702 in revenue, with the lowest revenue forecast at $39,829,771,174,089 and the highest revenue forecast at $48,970,437,605,773.

What is ELV's forecast return on assets (ROA) for 2022-2025?

(NYSE: ELV) forecast ROA is 10.17%, which is lower than the forecast US Healthcare Plans industry average of 11.64%.

What is ELV's Price Target?

According to 16 Wall Street analysts that have issued a 1 year ELV price target, the average ELV price target is $535.94, with the highest ELV stock price forecast at $625.00 and the lowest ELV stock price forecast at $452.00.

On average, Wall Street analysts predict that Elevance Health's share price could reach $535.94 by Sep 9, 2023. The average Elevance Health stock price prediction forecasts a potential upside of 17.33% from the current ELV share price of $456.79.

What is ELV's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: ELV) Elevance Health's current Earnings Per Share (EPS) is $25.26. On average, analysts forecast that ELV's EPS will be $28.82 for 2022, with the lowest EPS forecast at $28.66, and the highest EPS forecast at $28.93. On average, analysts forecast that ELV's EPS will be $32.43 for 2023, with the lowest EPS forecast at $32.01, and the highest EPS forecast at $32.90. In 2024, ELV's EPS is forecast to hit $36.94 (min: $36.17, max: $38.31).

What is ELV's forecast return on equity (ROE) for 2022-2025?

(NYSE: ELV) forecast ROE is 28.64%, which is considered strong.
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