Elanco Animal (ELAN) Climbs 7.6% on Upbeat Outlook, Sets Sights on AI

Elanco Animal Health Inc. (NYSE:ELAN) is one of the 10 Stocks That Made Millionaires Today.

Elanco Animal Health rallied for a third consecutive day on Tuesday, jumping 7.61 percent to finish at $25.18 apiece, as investors took heart from its upbeat outlook for the year, to be supported by plans to leverage AI.

At the 2026 KeyBanc Capital Markets Healthcare Forum on the same day, Elanco Animal Health Inc. (NYSE:ELAN) Chief Finance Officer Robert VanHimbergen outlined the company’s growth strategy for this year, including plans to grow its organic revenues by 4 to 6 percent and its adjusted EBITDA by 8 percent.

elanco health

Photo by Tima Miroshnichenko on Pexels

He said that the company is planning to take advantage of the rapidly growing AI across various operations and pursue mergers and acquisitions to enhance research and development.

The outlook came despite Elanco Animal Health Inc.’s (NYSE:ELAN) dismal earnings performance last year, having swung to a net loss of $232 million from a $338 million net income last year. Revenues, on the other hand, increased by 6 percent to $4.7 billion from $4.44 billion year-on-year.

In the fourth quarter alone, net loss widened by 3,350 percent to $276 million from $8 million in the same period a year earlier, while revenues jumped by 12 percent to $1.144 billion from $1.02 billion year-on-year.

While we acknowledge the risk and potential of ELAN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ELAN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.