Analyst Scoreboard: 6 Ratings For Elevance Health
Portfolio Pulse from Benzinga Insights
Elevance Health (NYSE:ELV) received 6 somewhat bullish ratings from analysts over the last three months, with an updated average 12-month price target of $563.17, marking a 0.66% increase from the previous target. The company, a leading U.S. health insurer and the largest provider of Blue Cross Blue Shield branded coverage, reported a revenue growth of 6.81% as of December 31, 2023, and outperformed industry averages in net margin, ROE, and ROA, despite a high debt-to-equity ratio.

March 06, 2024 | 2:00 pm
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Elevance Health received somewhat bullish ratings from analysts, with an updated average 12-month price target of $563.17. The company shows strong financial performance with significant revenue growth and profitability metrics.
The positive analyst ratings and the increase in the 12-month price target reflect a bullish sentiment towards Elevance Health. The company's strong financial performance, including revenue growth and profitability metrics, supports a positive short-term impact on its stock price. However, the high debt-to-equity ratio presents a cautionary note, which is considered in the confidence score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100