Technical Analysis:
Recent price action shows CVS trading in a range between $62-$65. The stock has formed a potential support level around $62, with resistance at $65.29 from recent highs.
News Impact & Fundamental Analysis:
Analyst Sentiment: Multiple analysts have recently raised their price targets:
Price Prediction for Next Week: Based on technical analysis and recent developments:
Trading Recommendation: SELL with target price of $62. Despite positive analyst sentiment, near-term headwinds from Medicare costs and bonus cuts suggest downward pressure. Technical indicators show overbought conditions after recent rally.
The price of CVS is predicted to go up 2.19%, based on the high correlation periods with POOL. The similarity of these two price pattern on the periods is 98.08%.
CVS
POOL
Year
CVS Price Forecast($)
Potential Return(%)
2025
55.000
14.510
2026
65.000
15.080
2027
70.000
23.940
2028
75.000
32.790
2029
65.000
15.080
2030
75.000
32.790
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.
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