Based on the provided data and current market conditions, here's the analysis for ELV's price movement in the next trading week:
Technical Analysis:
News Sentiment Analysis:
Recent Q4 earnings release on Jan 23, 2025 showed mixed results:
Analyst Updates:
Price Prediction for Next Week: Based on technical indicators and recent news:
Target price range: $405-410
Trading Recommendation: BUY
The stock shows potential for upward movement based on positive analyst sentiment and technical indicators, though traders should monitor overall market conditions and healthcare sector performance for confirmation of the trend.
The price of ELV is predicted to go up 11.26%, based on the high correlation periods with MOFG. The similarity of these two price pattern on the periods is 95.95%.
ELV
MOFG
Year
ELV Price Forecast($)
Potential Return(%)
2025
371.560
0.000
2026
500.000
34.570
2027
350.000
-4.330
2028
520.000
39.950
2029
520.000
36.970
2030
600.000
58.040
Elevance continues to use its scale-related advantages for the benefit of clients, and we remain intrigued by its ongoing efforts to align incentives with caregivers, including the deployment of high performance provider networks.
The company's Carelon services platform, which includes its PBM, should support material savings for clients, higher profitability for Elevance, and the potential to boost growth with cross-selling opportunities.
Management aims for relatively high annualized earnings growth of 12%-15% in the long run.
Barclays
Price Target
$501 → $512
Upside
+27.69%
Truist Securities
Price Target
$520 → $480
Upside
+26.43%
Mizuho
Price Target
$585 → $505
Upside
+20.88%