Elanco Animal Health (ELAN) Stock Forecast & Price Target

$14.07

-1.00 (-6.64%)

(As of 09/20/2024 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

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

$17.29
22.86% Upside

High Forecast	$21.00
Average Forecast	$17.29
Low Forecast	$14.00

According to the 7 analysts' twelve-month price targets for Elanco Animal Health, the average price target is $17.29. The highest price target for ELAN is $21.00, while the lowest price target for ELAN is $14.00. The average price target represents a forecasted upside of 22.86% from the current price of $14.07.

Type	Current Forecast 9/23/23 to 9/22/24	1 Month Ago 8/24/23 to 8/23/24	3 Months Ago 6/25/23 to 6/24/24	1 Year Ago 9/23/22 to 9/23/23
Consensus Rating	Hold	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	4 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	1 Buy rating(s)
Hold	2 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	$17.29	$17.57	$18.29	$15.10
Forecasted Upside	22.86% Upside	18.79% Upside	18.45% Upside	27.92% 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.

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	2.78	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	22.86% Upside	876.62% Upside	7.41% Upside
News Sentiment Rating	Neutral News	Neutral 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	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
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 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$19.00 ➝ $16.00	+10.88%
6/28/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$23.00 ➝ $21.00	+39.81%
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%
11/8/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Vazquez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform
10/17/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$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 Sunday at 09:27 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 $17.29, 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 research analysts have issued "buy," "hold," and "sell" ratings for Elanco Animal Health in the last year. 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.
Does Elanco Animal Health's stock price have much upside?: According to analysts, Elanco Animal Health's stock has a predicted upside of 18.55% based on their 12-month stock forecasts.
Has Elanco Animal Health been downgraded by Wall Street analysts recently?: Over the previous 90 days, Elanco Animal Health's stock had 1 downgrade by analysts.
What analysts cover Elanco Animal Health?: Elanco Animal Health has been rated by research analysts at Barclays, Morgan Stanley, Piper Sandler, and Stifel Nicolaus 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 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.