Wall Street Sees an 18% Upside to Elevance Health (ELV)

Elevance Health, Inc. (NYSE:ELV) is one of the best stocks to buy according to Seth Klarman. As of December 12, the average price target for ELV suggests an upside of 10%; however, the Street high indicates an upside of 18%. According to Klarman’s 13F portfolio, the billionaire holds a $426 million stake in Elevance Health as of Q3 2025.

On November 26, TD Cowen analyst Ryan Langston reiterated a Buy recommendation on Elevance Health and raised the target price from $380 to $400. The firm named the company as its “Best Idea for 2026”, although it added that its managed care segment is still a difficult sector to navigate.

Wall Street Sees an 18% Upside to Elevance Health (ELV)

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The investment firm added that ELV’s 2026 EPS estimates support a growth outlook. TD Cowen lifted the EPS estimate to $27.25. The higher price target indicates a 12.7x multiple of TD Cowen’s 2027 EPS projection for Elevance.

The firm observed that Elevance Health has “a more balanced risk/reward” profile than other managed care companies because of the comparatively stable group health plan, cuts to Medicare Advantage benefits, and careful Medicaid-related estimates.

Separately, the company had announced its Q3 2025 financial results in late October. Elevance Health’s operating revenue was $50.1 billion for the quarter, a 12% year-over-year increase. Q3 diluted EPS stood at $5.32, and adjusted diluted EPS was $6.03. The quarter saw robust growth in premiums, as well as higher net investment income and product revenues. However, the positive impact was partially offset by a decline in overall medical enrollment due to Medicaid re-verification and rising cost pressures.

Elevance Health, Inc. (NYSE:ELV) is an American healthcare company that provides insurance coverage for individuals, employers, Medicare, Medicaid, and federal employees.

While we acknowledge the risk and potential of ELV 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 ELV and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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