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Elanco Animal Health (ELAN) Stock Forecast & Price Target

$13.73
+0.06 (+0.44%)
(As of 11:28 AM ET)

Elanco Animal Health - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$17.57
27.98% Upside
High Forecast$21.00
Average Forecast$17.57
Low Forecast$14.00
TypeCurrent Forecast
7/13/23 to 7/12/24
1 Month Ago
6/13/23 to 6/12/24
3 Months Ago
4/14/23 to 4/13/24
1 Year Ago
7/13/22 to 7/13/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
5 Buy rating(s)
1 Buy rating(s)
Hold
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
4 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$17.57$18.29$16.71$15.40
Forecasted Upside27.98% Upside18.45% Upside15.79% Upside29.06% Upside
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ELAN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ELAN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Elanco Animal Health Stock vs. The Competition

TypeElanco Animal HealthMedical CompaniesS&P 500
Consensus Rating Score
2.57
2.71
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside28.17% Upside939.19% Upside9.38% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/1/2024Piper Sandler
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 Lower TargetNeutral ➝ Neutral$19.00 ➝ $16.00+10.88%
6/28/2024Barclays
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 Lower TargetOverweight ➝ Overweight$23.00 ➝ $21.00+39.81%
2/27/2024The Goldman Sachs Group
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 Boost TargetSell ➝ Sell$12.50 ➝ $14.00-15.15%
2/27/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$16.00 ➝ $17.00+2.91%
1/5/2024Stifel Nicolaus
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 UpgradeHold ➝ Buy$13.00 ➝ $20.00+37.50%
12/19/2023Jefferies Financial Group
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 Initiated CoverageBuy$17.00+24.45%
12/7/2023BNP Paribas
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 Initiated CoverageOutperform$18.00+39.86%
11/8/2022William Blair
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B. Vazquez
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Reiterated RatingMarket Perform
10/17/2022JPMorgan Chase & Co.
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 Lower TargetNeutral$24.00 ➝ $20.00+70.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 11:53 AM ET.

ELAN Forecast - Frequently Asked Questions

What is Elanco Animal Health's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Elanco Animal Health is $17.57, with a high forecast of $21.00 and a low forecast of $14.00.

Should I buy or sell Elanco Animal Health stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elanco Animal Health in the last year. There is currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ELAN shares.

Does Elanco Animal Health's stock price have much upside?

According to analysts, Elanco Animal Health's stock has a predicted upside of 18.79% based on their 12-month stock forecasts.

What analysts cover Elanco Animal Health?

Elanco Animal Health has been rated by research analysts at Barclays, and Piper Sandler in the past 90 days.

Do Wall Street analysts like Elanco Animal Health more than its competitors?

Analysts like Elanco Animal Health less than other "medical" companies. The consensus rating score for Elanco Animal Health is 2.57 while the average consensus rating score for "medical" companies is 2.71. Learn more on how ELAN compares to other companies.


This page (NYSE:ELAN) was last updated on 7/12/2024 by MarketBeat.com Staff

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