15 Most Undervalued Large Cap Stocks to Invest In Now

Page 8 of 14

7. Elevance Health Inc. (NYSE:ELV)

Number of Hedge Fund Holders: 82

Elevance Health Inc. (NYSE:ELV) is one of the most undervalued large cap stocks to invest in now. On January 30, Barclays lowered the firm’s price target on Elevance Health to $393 from $404 and kept an Overweight rating on the shares.

On January 29, Guggenheim analyst Jason Cassorla also lowered the firm’s price target on Elevance Health to $396 from $414 and maintained a Buy rating on recalibrated 2026 estimates following the company’s Q4 2025 report.

However, on the same day, Deutsche Bank raised the firm’s price target on Elevance Health Inc. (NYSE:ELV) to $332 from $320 while maintaining a Hold rating on the shares. This decision was made as the firm suggested that the company’s 2026 outlook may represent a floor.

Furthermore, UBS also lowered the firm’s price target on Elevance Health to $400 from $425 with a Buy rating.

Elevance Health Inc. (NYSE:ELV), together with its subsidiaries, operates as a health benefits company in the US. It has four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other.

Page 8 of 14