Elevance Health Inc reaches 20-day high amid market decline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 08 Jan 26
Source: Coinmarketcap
Elevance Health Inc's stock price increased by 3.05% and reached a 20-day high of $353.91, despite the broader market showing weakness with the Nasdaq-100 down 0.57% and the S&P 500 down 0.15%.
This rise is attributed to sector rotation as investors reassess their strategies in light of the stock's position within its 52-week range, which has seen significant volatility. The current price reflects cautious market sentiment, prompting a closer examination of market dynamics that could influence future performance.
As the stock approaches its 52-week high, investor focus may shift, indicating potential changes in investment strategies, especially in a climate where price volatility is prevalent.
Analyst Views on ELV
Wall Street analysts forecast ELV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ELV is 392.07 USD with a low forecast of 320.00 USD and a high forecast of 431.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
11 Buy
4 Hold
0 Sell
Moderate Buy
Current: 341.850
Low
320.00
Averages
392.07
High
431.00
Current: 341.850
Low
320.00
Averages
392.07
High
431.00
About ELV
Elevance Health, Inc. is a health company. It operates as a health insurer in the United States. The Company operates through four segments: Health Benefits, CarelonRx, Carelon Services and Corporate & Other. The Health Benefits segment offers a comprehensive suite of health plans and services to its Individual, Employer Group risk-based, Employer Group fee-based, BlueCard, Medicare, Medicaid and Federal Employee Program (FEP) members. The Health Benefits segment also offers health products on a full-risk basis. The CarelonRx segment includes its pharmacy services business. CarelonRx markets and offers pharmacy services to its affiliated health plan customers, as well as to external customers outside of the health plans. The Carelon Services segment integrates physical, behavioral, pharmacy, and social services by offering an array of healthcare-related services and capabilities to internal and external customers through its Carelon Health and Carelon Insights businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
