Evolent Health Receives $6.04 Average Price Target from Analysts

Stock rating is 'Moderate Buy' as company navigates value-based care transition

Mar. 28, 2026 at 10:40am

Evolent Health, Inc. (NYSE:EVH), a healthcare technology and services company, has received a 'Moderate Buy' rating from 17 analysts covering the firm. The analysts have set an average 12-month price target of $6.04 for the stock, which is currently trading around $2.22.

Why it matters

Evolent Health's performance and outlook are closely watched as it helps health systems, physician groups, and health plans transition from traditional fee-for-service models to value-based care arrangements. The company's ability to execute on this shift will be crucial for its long-term success.

The details

The analysts' ratings and price targets reflect the challenges Evolent Health has faced recently, including a lowered price target from $10 to $5 by UBS Group and a downgrade from 'overweight' to 'sector weight' by KeyCorp. The company reported mixed quarterly results in February, with earnings per share beating estimates but revenue declining 27.5% year-over-year.

  • Evolent Health reported Q4 2025 earnings on February 24, 2026.
  • The company's stock opened at $2.22 per share on Friday, March 28, 2026.

The players

Evolent Health, Inc.

A U.S.-based healthcare technology and services company that partners with health systems, physician organizations and health plans to design, build and operate value-based care programs.

UBS Group

A global investment bank and financial services firm that lowered its price target for Evolent Health from $10 to $5.

KeyCorp

A major U.S. bank that downgraded Evolent Health from 'overweight' to 'sector weight' rating.

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What’s next

Evolent Health will need to demonstrate continued progress in helping its clients transition to value-based care models in order to regain investor confidence and meet analysts' expectations.

The takeaway

As the healthcare industry shifts towards value-based reimbursement, companies like Evolent Health that provide the technology and services to enable this transition will play a critical role. However, Evolent faces near-term headwinds as it navigates this transformation, requiring close monitoring of its operational and financial performance.