Wells Fargo Reaffirms Buy Rating for Elevance Health (ELV) with $478 Price Target

Reported about 18 hours ago

Wells Fargo analyst Stephen Baxter has maintained a Buy rating for Elevance Health, Inc. (NYSE:ELV), with a price target of $478, following the company's strong performance in Q1 2025 that surpassed expectations with $48.8 billion in revenue and an EPS of $11.97. The growth is attributed to an increase in Medical Members and targeted expansion in Medicare Advantage, although a slowdown in Individual ACA memberships is anticipated for Q2.

Source: YAHOO

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