Based on a consensus among financial analysts, Anthem stock (now known as Elevance Health, Inc. under the ticker ELV) is overwhelmingly rated as a Strong Buy. This assessment is derived from comprehensive analyst forecasts and price targets, indicating a high level of confidence in the stock's future performance.
Analyst Consensus on Elevance Health (ELV) Stock
Professional financial analysts provide their outlook on the company, with the majority recommending purchasing its shares. The consensus rating reflects a strong positive sentiment towards the stock's future performance based on their research and financial models.
Here's a breakdown of recent analyst ratings:
| Rating Category | Number of Analysts |
|---|---|
| Buy | 16 |
| Hold | 4 |
| Sell | 0 |
As evident from the table, no analysts currently recommend selling shares, highlighting the strong bullish outlook for Elevance Health.
Price Targets and Upside Potential
Analysts have set an average 12-month price target for Elevance Health stock, suggesting significant potential for growth from its current valuation.
- Average 12-Month Price Target: The average price target across various analysts is $568.40.
- Upside Potential: This target implies an 17.78% upside potential, indicating that analysts expect the stock's value to increase considerably over the next year.
This projected upside potential is a key factor contributing to the "Strong Buy" consensus, as it suggests the stock is currently undervalued relative to its expected future price. Investors often look at these targets to gauge the potential return on investment over the specified timeframe.
Understanding Analyst Ratings
It's important to remember that analyst ratings are expert opinions and forecasts based on their research, financial models, and market understanding. While they provide valuable insights, they are not guarantees of future performance. Investors should conduct their own due diligence and consider various factors, including the company's fundamentals, industry trends, and overall market conditions, before making investment decisions. For more up-to-date financial information on Elevance Health, you can visit reputable financial news sites like Yahoo Finance.
