CVS Health Corporation – Consensus Indicates 20.0% Upside Potential

CVS Health Society found using the ticker (CVS) now have 24 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 127 and 98 with an average TP of 117.39. Given that the stock’s previous close was at 97.8, this indicates that there is 20.0% upside potential. The 50-day moving average now sits at 101.24 and the 200-day moving average is at 96.59. The company has a market cap of $128,574 million. More information on:

The potential market cap would be $154,328 million based on market consensus.

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CVS Health Corporation provides healthcare services in the United States. The Company’s Healthcare Benefits segment offers traditional, voluntary and consumer health insurance products and related services. It serves groups of employers, individuals, students, part-time and hourly workers, health plans, health care providers, government units, government-sponsored plans, labor groups and expatriates. Its Pharmacy Services segment offers pharmacy benefit management solutions, including plan design and administration, formulary management, retail pharmacy network management, mail-order pharmacy, specialty pharmacy and infusion, clinics and management of illnesses and medical expenses. It serves employers, insurance companies, unions, government employee groups, health plans, prescription drug plans, Medicaid managed care plans, plans offered on insurance exchanges public and private health care, other health benefit plan sponsors and individuals. This segment operates specialty retail pharmacies; and specialty mail-order, mail-order and compounding pharmacies, as well as branches for infusion and enteral nutrition services. The Company’s Retail/LTC segment sells prescription and over-the-counter drugs, consumer health and beauty products, and personal care products; and provides healthcare services through its MinuteClinic walk-in medical clinics. This segment also distributes prescription drugs; and provides related pharmaceutical advice and other ancillary services to nursing homes and other care facilities. As of December 31, 2021, it operated approximately 9,900 outlets and 1,200 MinuteClinic sites, as well as online retail pharmacy websites, LTC pharmacies and on-site pharmacies. The company was formerly known as CVS Caremark Corporation and changed its name to CVS Health Corporation in September 2014. CVS Health Corporation was founded in 1963 and is headquartered in Woonsocket, Rhode Island.

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