ELV
Elevance HealthANYSE / Health Care Equipment & Services
Last Price
At close
2026-06-02
Current thesis
Primary-source evidence improved on April 22: ELV beat internally expected trends, raised FY26 adjusted EPS guidance to at least $26.75, reaffirmed at least $5.5 billion of operating cash flow, and highlighted improving claims experience plus stronger visibility. Secondary coverage in the packet suggests some analysts became more constructive on Medicaid margin recovery after the print, which supports a stabilization thesis.
Posture
Constructive
Lead driver
Momentum
What changed
6 setup hits (3d) with net bullish as of 2026-06-03.
What can break
About $1 per share of 1Q adjusted EPS came from non-recurring investment income, which reduces the quality of the quarterly beat.
Momentum
85
Value
60
Sentiment
42
Setup hits (3d)
6 · Net Bullish
AI TargetsBase $383.00 · Bull $410.00 · Bear $330.00
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-06 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Bullish
Target $382.70
Why
Momentum85 · Δ7d -4.1
Value60 · Δ7d -0.2
Sentiment42 · Δ7d +1.0
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
85
34% active weight
Current posture
7d trendSoftening
Δ7d
-4.1
Δ21d
-5.0
Value
60
32% active weight
Current posture
7d trendFlat
Δ7d
-0.2
Δ21d
-0.1
Sentiment
42
33% active weight
Current posture
7d trendFlat
Δ7d
+1.0
Δ21d
+2.4
Why this grade
Composite grade A. Momentum 85.3 / Value 60.2 / Sentiment 42.0
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$87.44B
Beta
0.50
Shares Out
222.24M
P/E (TTM)
14.9
P/S (TTM)
0.41
P/FCF (TTM)
36.79
Rev YoY
+12.3%
EPS YoY
+21.9%
Gross Margin
-
Op Margin
+4.4%
Net Debt
$22.94B
Current Ratio
-
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology