Elevance Health Stock Target Price and Analyst Consensus
| ELV Stock | USD 542.65 2.66 0.49% |
The current analyst and expert consensus on Elevance Health is Strong Buy, with 14 strong buy opinions. The current projected Elevance Health target price consensus is 570.00 with 21 analyst opinions. The most common way Elevance Health analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Elevance Health executives and customers to further validate their buy or sell advice. Elevance Health buy-or-sell recommendation module provides average expert sentiment on the projected Elevance Health target price to derive its highest and lowest estimates based on its projected price volatility. Check out Macroaxis Advice on Elevance Health to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.
Lowest Forecast 518.7 | Highest Forecast 632.7 | Target Price 570 |
Elevance |
It's important to approach Elevance Health's target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Elevance Health Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Elevance target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Elevance Health's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 21 | Strong Buy |
Most Elevance analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Elevance stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Elevance Health, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationElevance Health Target Price Projection
Elevance Health's current and average target prices are 542.65 and 570.00, respectively. The current price of Elevance Health is the price at which Elevance Health is currently trading. On the other hand, Elevance Health's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Elevance Health Market Quote on 16th of May 2024
Target Price
Analyst Consensus On Elevance Health Target Price
Elevance Health Analyst Ratings
Elevance Health's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Elevance Health stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Elevance Health's financials, market performance, and future outlook by experienced professionals. Elevance Health's historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Elevance Health price targets
Elevance Health's stock target price is an estimate of its future price, usually made by analysts. Using Elevance Health's target price to determine if it is a suitable investment can be done through the following steps:- Look at Elevance Health's target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Elevance Health's stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Elevance Health Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Elevance Health is a key component of Elevance Health valuation and have some predictive power on the future returns of a Elevance Health.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Elevance Health's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Trending Themes
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Check out Macroaxis Advice on Elevance Health to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Complementary Tools for Elevance Stock analysis
When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.
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The data published in Elevance Health's official financial statements usually reflect Elevance Health's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Elevance Health. For example, before you start analyzing numbers published by Elevance accountants, it's critical to develop an understanding of what Elevance Health's liquidity, profitability, and earnings quality are in the context of the Health Care Providers & Services space in which it operates.
Please note, the presentation of Elevance Health's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Elevance Health's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Elevance Health's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Elevance Health. Please utilize our Beneish M Score to check the likelihood of Elevance Health's management manipulating its earnings.