Are Wall Street Analysts Predicting Elevance Stock Will Climb or Sink?

With a market cap of $84.7 billion, Elevance Health, Inc. (ELV) is one of the largest health insurance and managed healthcare companies in the United States. Headquartered in Indianapolis, Indiana, the company provides a broad range of health benefits, pharmacy, behavioral health, and care management services to individuals, employers, government programs, and healthcare providers.

ELV stock has declined 2.6% over the past 52 weeks and has surged 11.2% on a YTD basis. In comparison, the S&P 500 Index ($SPX) has returned 27.4% over the past year and is up 8.8% in 2026.