Are Wall Street Analysts Bullish on Elevance Health Stock?

With a market cap of $72.1 billion, Elevance Health, Inc. (ELV) is one of the largest health insurance and managed care companies in the United States. Based in Indiana, it operates through a broad portfolio of health plans, including commercial, Medicaid, and Medicare offerings. The company also delivers pharmacy, behavioral health, and care management services through its Carelon division. 

Shares of ELV have fallen behind the broader market. ELV stock has declined 19% over the past 52 weeks and has dipped 12% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 12.3% over the past year and 12.5% in 2025.