NYSE: ELV

Elevance Health (ELV) Stock Analysis & Forecast

Elevance Health, Inc. Health services sector, managed health care industry. Market cap $89.12B.

$410.95−3.31 (−0.8%)

Close on Sep 18, 2026. Page updated Sep 19, 9:17 pm ET.

Gekko Brief

AI summary

Elevance Health closes at $410.95, down 0.8%, holding above both its 50-day average of $397.21 and 200-day average of $363.09. The GekkoIndex reads 53.4, placing ELV in the Neutral zone, while the stock trades 33.5% below Gekko Fair Value of $618.14. Over the past year shares are up 33.2%, with a six-month return of 41.1%.

Recent coverage centers on valuation and margin questions alongside reaffirmed guidance. One piece compared ELV against American Well as an outperformer in the medical sector, while another weighed ELV against Danaher on value grounds. Elevance reaffirmed full-year 2026 earnings guidance of at least $20.10 per diluted share ($27.00 adjusted) and held its benefit expense ratio guidance at 90.2% plus or minus 50 basis points, with coverage noting net margin has thinned to 2.5% from a three-year average of 3.2%, tied to Medicaid segment underperformance even as Medicare Advantage has been restructured. BofA Securities raised its price target to $480 from $460 while maintaining a Buy rating. Separately, a 13F filing showed Corient Private Wealth LP cutting its ELV holding by 41.2% in the second quarter.

Elevance's next earnings report is set for 21 October, 31 days out and beyond a typical 20-trading-day hold. In the last 90 days there were 3 open-market insider purchases totaling $1,368,280. Seasonally, the next 20 trading days have averaged a 2.4% gain over 5 years, positive in 3 of those years. Analyst sentiment stands at 11 buy and 6 hold ratings among 17 firms, with a consensus target of $451.38.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $410.95200-day averageGekko Fair Value $618.14

Key stats

Market cap
$89.12B
P/E ratio
18.3
Forward P/E
14.2
EPS, TTM
$22.70
Revenue, TTM
$201.1B
Profit margin
2.5%
Dividend yield
1.66%
Beta
0.70
Volume
2.03M avg 1.08M
1-year return
+33.2%
Typical daily move
±2.7%
Typical 20-day move
±4.4%
50-day average
$397.21
200-day average
$363.09
Next earnings
Oct 21 before open
Shares outstanding
216.9M
52-week range
$274.84$436.24

Elevance Health swing-trade checklist

Elevance Health scores 5 supportive, 1 mixed and 0 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

5 supportive1 mixed0 headwinds

  • Trendsupportive

    Above 50 and 200-day

    Close $410.95 is above the 50-day ($397.21) and 200-day ($363.09) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    53.4, Neutral

    Reading 53.4 is in the Neutral zone.

    See the GekkoIndex
  • Fair valuesupportive

    33.5% below

    Price is 33.5% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneysupportive

    Leans bullish

    Last 90 days: 3 open-market insider purchases.

    See smart money
  • Earnings risksupportive

    Reports in 31 days

    Next report Oct 21, 2026, 31 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +2.4% on average

    From this point in the calendar, the next 20 trading days averaged +2.4% over 5 years, rising in 3 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Elevance Health stock chart and price history

Elevance Health closed at $410.95 on Sep 18, 2026, +33.2% over the past year, inside a 52-week range of $274.84 to $436.24.

Close50-day average200-day averageVolume

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+3.1%
3 months
+5.8%
6 months
+41.1%
1 year
+33.2%
The full ELV chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open ELV in Gekko

Follow Elevance Health through every session

Put ELV on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

Track ELV in GekkoFree for 7 days. No credit card required.

About Elevance Health

Elevance Health works as a health benefits organization, helping people, families and communities navigate their health and wellness needs. It connects roughly 118 million individuals with care, support and resources aimed at helping them live healthier lives. Its reach spans medical coverage, digital health tools, pharmacy services, behavioral health support and clinical care solutions.

The company brings together a range of health-related services under one roof, addressing different aspects of a person's wellbeing rather than a single type of care. Its customer base is broad, serving individuals and families who rely on it for various forms of health assistance and coverage.

Elevance Health was founded in 1944 and is headquartered in Indianapolis, Indiana. It took on its current name in June 2022, having previously been known as Anthem, Inc. Its shares are listed on the NYSE under the ticker ELV.

Listed
NYSE
Sector
Health services
Industry
Managed health care
Website
elevancehealth.com

Elevance Health GekkoIndex: the smart money zone

Elevance Health’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 53.4, in the Neutral zone, up 2.9 points over five sessions.

010053.4Neutral

Up 2.9 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying36−0.3%−2.7%−2.7%−0.1%
Accumulation219−0.3%−0.6%−0.9%+1.4%
Neutral (current zone)367+0.2%+0.4%+0.4%−2.5%
Distribution38+0.5%+1.4%+1.2%+3.3%
Selling2Too few readings yet

Average ELV share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the ELV price, zone by zone.Track ELV in Gekko

Is Elevance Health stock overvalued? Gekko Fair Value

Elevance Health trades 33.5% below Gekko Fair Value of $618.14, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Elevance Health shares are worth, recalculated every trading day.

$618.14

Gekko Fair Value, Sep 19, 2026

33.5% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open ELV in Gekko

Elevance Health insider and Congress trading

Insiders filed 3 open-market purchases in Elevance Health worth $1.37M, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

$1.37Min 3 open-market purchases

FiledInsiderTypeSharesValue
Jul 17Ramiro G Peru
Director
Purchase1,000$366K
Jul 17Gail Boudreaux
President and CEO
Purchase2,045$753K
Jul 17Gail Boudreaux
President and CEO
Purchase680$249K

From Form 4 filings, dated to when each was filed.

Congress trades last 90 days

No trades in ELV were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for ELV, plotted on the chart in Gekko.Open ELV in Gekko

Buybacks

Elevance Health has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$234.0M
As a share of market cap
0.26%
Trailing four quarters
$2.71B

From company filings.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds ELV.

0added1opened0trimmed2sold out
Which funds are on each side, name by name.Unlock in Gekko

Elevance Health earnings: next date and track record

Elevance Health reports on Oct 21, 2026, before the open (31 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±8.6%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−13.3%Oct ’24+2.6%Jan ’25+5.0%Apr ’25−19.6%Jul ’25−2.5%Oct ’25+7.5%Jan ’26+5.5%Apr ’26−12.6%Jul ’26

Last earnings call, Jul 15, 2026 AI summary

What they said
Elevance Health reported second quarter 2026 results that beat their outlook with adjusted diluted EPS of $7.45. Management raised full-year 2026 adjusted diluted EPS guidance to at least $27 (with a $26 baseline referenced for modeling) and reiterated confidence in returning to at least 12% adjusted EPS growth in 2027. Performance drivers included favorable benefit expense performance in Medicare Advantage and Individual ACA, disciplined expense management, and continued scaling of Carelon and AI-enabled capabilities. Management emphasized targeted, one-time investments funded by a $0.80 per-share below-the-line net benefit to accelerate medical cost management, member engagement, provider connectivity, and Carelon integration. Medicaid remains the most dynamic and challenged line of business: costs are elevated but drivers are identifiable (behavioral health/ABA, ED utilization, outpatient surgery, specialty pharmacy); July 1 rate updates were modestly favorable and management expects second-half Medicaid margin profile to improve versus Q2 while maintaining a prudent full-year framework. Management described disciplined market participation (including planned market exits where economics don't support sustainable performance) and reiterated strong performance and opportunity in Commercial (fee-based/ASO) and Medicare Advantage (targeting at least 2% margin in MA for 2026). Overall management tone was confident but measured—raising guidance while emphasizing prudence given continuing Medicaid volatility and regulatory uncertainty.
Guidance
- 2026 adjusted diluted EPS guidance raised to at least $27 (management also cites $26 as an earnings baseline for modeling). - Intention to return to at least 12% adjusted EPS growth in 2027 off the 2026 ending baseline. - Medicare Advantage: on track to achieve at least 2% margin in 2026. - Management is not assuming a material improvement in Medicaid trend in the back half of 2026; July 1 rate updates modestly favorable (mid-single-digit range). - $0.80 per-share below-the-line net benefit in Q2 will be used for one-time accelerated investments in H2 2026 (non-recurring). - Ongoing investments included in prior outlook (~$0.75 of EPS impact) remain part of the run-rate and support long-term capabilities.
Risks flagged
- Dynamic and elevated Medicaid cost trends driven by behavioral health (including ABA), emergency department utilization, outpatient surgery, and specialty pharmacy. - Potential market exits in Medicaid where economics do not support sustainable performance could reduce membership and revenue. - Regulatory/headwind risk from OBBBA (work requirements, verification rules, 1115 waivers) and other state-specific policy changes, though management views them as phased and manageable. - Reserving and claims-payable dynamics (days in claims payable up ~2.9 days YoY) and the inherent uncertainty in risk adjustment and ACA market development. - Execution risk in realizing projected benefits from one-time investments and scaling AI/Carelon capabilities.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 15, 2026$7.45
est $6.18
+20.6%
est $48.82B
−12.6%
Apr 22, 2026$12.58
est $10.81
+16.4%$49.49B
est $48.20B
+2.7%+5.5%
Jan 28, 2026$3.33
est $3.10
+7.4%$49.31B
est $49.84B
−1.1%+7.5%
Oct 21, 2025$6.03
est $4.93
+22.3%$50.71B
est $49.38B
+2.7%−2.5%
Jul 17, 2025$8.84
est $8.91
−0.8%$49.78B
est $48.19B
+3.3%−19.6%
Apr 22, 2025$11.97
est $11.41
+4.9%$48.89B
est $46.30B
+5.6%+5.0%
Jan 23, 2025$3.84
est $3.85
−0.3%$45.44B
est $44.95B
+1.1%+2.6%
Oct 17, 2024$8.37
est $9.65
−13.3%$45.15B
est $43.47B
+3.9%−13.3%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Elevance Health stock forecast and analyst price targets

Analysts’ average 12-month price target for Elevance Health is $451.38, +9.8% from the last close, from 17 firms rating the stock in the last 90 days.

$451.38consensus 12-month target, +9.8% from the last close
Low $393High $488
Buy11
Hold6
Sell0

Each firm’s latest rating in the last 90 days: 17 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 18UBSBuy, maintained$460+11.9%
Sep 15Wells FargoBuy, maintained$473+15.1%
Sep 11BarclaysBuy, maintained$457+11.2%
Sep 11Bank of America SecuritiesBuy, maintained$480+16.8%
Sep 9BernsteinBuy, maintained$488+18.7%
+0.4%average 20-day move after past Neutral readings
+2.4%average move over the next 20 trading days in the last 5 years
±2.7%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Elevance Health seasonality: the next 20 trading days

Over the next 20 trading days from Sep 19, Elevance Health averaged +2.4% across the last 5 years, rising in 3 of them.

Next 20 trading days, by year

+3.0%2021−0.6%2022+6.1%2023−17.4%2024+11.2%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−0.7%3 of 5
Next 10 trading days+0.1%1 of 5
Next 15 trading days+1.2%3 of 5
Next 20 trading days+2.4%3 of 5
Next 30 trading days+1.5%4 of 5

For scale, ELV’s typical 20-trading-day move in either direction is about 4.4%.

Elevance Health market cap and key statistics

Elevance Health’s market cap is $89.12B, with a P/E ratio of 18.3 and revenue of $201.1B over the last twelve months.

Valuation

Market cap
$89.12B
P/E ratio
18.3
Forward P/E
14.2
EPS, TTM
$22.70
Gekko Fair Value
$618.14

Trading

Volume
2.03M
Avg volume, 20 days
1.08M
52-week high
$436.24
52-week low
$274.84
Shares outstanding
216.9M

Financials

Revenue, TTM
$201.1B
Profit margin
2.5%
Return on equity
11.1%
Quarterly earnings growth, YoY
−13.1%

Risk and income

Beta
0.70
Typical daily move
±2.7%
Typical 20-day move
±4.4%
Dividend yield
1.66%

Elevance Health stock news this week

Coverage of Elevance Health this week reads positive: 5 positive, 0 neutral and 1 negative headlines.

News sentiment positive

Elevance Health peers

Elevance Health’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
UNHUnitedHealth+0.4%Accumulation0.2% below
CICigna+0.2%Accumulation37.8% below
HUMHumana+0.4%Accumulation24.5% below
CNCCentene−2.7%Neutral23.2% below
MOHMolina Healthcare−2.3%Neutral40.3% below
OSCROscar Health−0.3%Neutral0.5% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Elevance Health stock FAQ

What is Elevance Health’s market cap?

Elevance Health’s market cap is $89.12B at the Sep 18, 2026 close of $410.95, with 216.9M shares outstanding. The shares trade on a P/E ratio of 18.3.

What is the Elevance Health stock forecast?

The consensus analyst 12-month price target for Elevance Health is $451.38, +9.8% from the last close. Of the 17 firms that rated the stock in the last 90 days, 11 rate it a buy, 6 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Elevance Health stock overvalued or undervalued?

On Gekko’s estimate Elevance Health is undervalued: the Sep 18, 2026 close of $410.95 is 33.5% below Gekko Fair Value of $618.14. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Elevance Health report earnings next?

Elevance Health is expected to report on Oct 21, 2026, before the market opens (31 days away). Analysts expect earnings of $4.66 per share on revenue of $49.30B. Elevance Health beat the earnings estimate in 5 of its last 8 reports, moving 8.6% on average across the report.

What is Elevance Health’s 52-week high and low?

Elevance Health’s 52-week high is $436.24 and its 52-week low is $274.84; it closed at $410.95 on Sep 18, 2026, +33.2% over the past year.

Is Elevance Health stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 5 of the 6 items with data read as supportive (trend, fair value, smart money, earnings risk and seasonality), 1 as mixed (gekkoindex). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every US market close; the GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

See Elevance Health the way Gekko members do

Every GekkoIndex reading, insider trade, options bet and Congress disclosure plotted on the chart, plus the 5,800-name screener and trade planning tools.

Join 1,349 other traders using Gekko

Start Your FREE 7 Day Trial → Every feature unlocked. No credit card required.