Elanco Animal Health (ELAN) Stock Forecast & Price Target

$13.13 -0.26 (-1.94%)

(As of 11/26/2024 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

Hold

Based on 7 Analyst Ratings

Sell
1

Hold
2

Buy
4

Based on 7 Wall Street analysts who have issued ratings for Elanco Animal Health in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 2 have given a hold rating, and 4 have given a buy rating for ELAN.

Consensus Price Target

$17.14
30.56% Upside

According to the 7 analysts' twelve-month price targets for Elanco Animal Health, the average price target is $17.14. The highest price target for ELAN is $20.00, while the lowest price target for ELAN is $14.00. The average price target represents a forecasted upside of 30.56% from the current price of $13.13.

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ELAN Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)	1 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$17.14	$17.00	$17.57	$12.70
Forecasted Upside	30.56% Upside	35.89% Upside	14.85% Upside	5.92% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Hold

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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.

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.

Elanco Animal Health Stock vs. The Competition

Type	Elanco Animal Health	Medical Companies	S&P 500
Consensus Rating Score	2.43	2.80	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	30.56% Upside	25,238.51% Upside	6.73% Upside
News Sentiment Rating	Neutral News See Recent ELAN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/8/2024	Barclays 3 of 5 stars	Boost Target	Overweight ➝ Overweight	$19.00 ➝ $20.00	+40.94%
9/19/2024	Stifel Nicolaus 4 of 5 stars	Reiterated Rating	Buy ➝ Buy	$20.00 ➝ $20.00	+33.87%
9/19/2024	Morgan Stanley 3 of 5 stars	Downgrade	Overweight ➝ Equal Weight	$17.00 ➝ $15.00	+2.39%
7/1/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$19.00 ➝ $16.00	+10.88%
2/27/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$12.50 ➝ $14.00	-15.15%
12/19/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$17.00	+24.45%
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12/7/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$18.00	+39.86%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:33 AM ET.

ELAN Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Elanco Animal Health is $17.14, with a high forecast of $20.00 and a low forecast of $14.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Elanco Animal Health in the last twelve months. There is currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ELAN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ELAN, but not buy additional shares or sell existing shares.
: According to analysts, Elanco Animal Health's stock has a predicted upside of 30.56% based on their 12-month stock forecasts.
: Over the previous 90 days, Elanco Animal Health's stock had 1 downgrade by analysts.
: Elanco Animal Health has been rated by research analysts at Barclays, Morgan Stanley, and Stifel Nicolaus in the past 90 days.
: Analysts like Elanco Animal Health less than other "medical" companies. The consensus rating for Elanco Animal Health is Hold while the average consensus rating for "medical" companies is Moderate Buy. Learn more on how ELAN compares to other companies.

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This page (NYSE:ELAN) was last updated on 11/27/2024 by MarketBeat.com Staff

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Elanco Animal Health (ELAN) Stock Forecast & Price Target