Technical Analysis:
Based on the recent price action, CVS has shown a strong upward momentum over the past week, with the stock closing at $54.55 on January 24, 2025, representing a 1.36% gain. The stock has formed a series of higher lows and higher highs, indicating a potential short-term uptrend.
Key Technical Levels:
News Sentiment & Fundamental Factors:
Recent news highlights significant changes affecting CVS:
Price Prediction for Next Week:
Based on technical analysis and current market conditions:
Trading Recommendation: BUY
Rationale:
Entry Point: Current market price ($54.55) Stop Loss: $52.50 (key support level) Take Profit: $56.20
The price of CVS is predicted to go up 15.57%, based on the high correlation periods with PRTS. The similarity of these two price pattern on the periods is 97.32%.
CVS
PRTS
Year
CVS Price Forecast($)
Potential Return(%)
2025
55.000
14.510
2026
60.000
24.920
2027
65.000
35.330
2028
65.000
35.330
2029
65.000
35.330
2030
65.000
35.330
CVS' diverse operations create the opportunity to view a patient more holistically by managing both medical and pharmacy benefits, which could lead to revenue and cost synergies for the organization.
The firm's entry into provider services has the potential to improve returns for all of CVS' segments if it can help patients more easily and cost-effectively manage chronic conditions through early intervention.
CVS' PBM remains an industry leader due to its intense focus on pharmaceutical cost trends that should continue to attract clients.
Truist Securities
Price Target
$67 → $60
Upside
+30.95%
Deutsche Bank
Price Target
$66
Upside
+11.51%
TD Cowen
Price Target
$73 → $80
Upside
+33.11%