CVS Health (CVS) Stock Forecast & Price Target

$61.01

+2.36 (+4.02%)

(As of 07/26/2024 ET)

CVS 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

Moderate Buy
Based on 23 Analyst Ratings

Based on 23 Wall Street analysts who have issued ratings for CVS Health in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 23 analysts, 10 have given a hold rating, and 13 have given a buy rating for CVS.

Consensus Price Target

$75.05
23.01% Upside

High Forecast	$100.00
Average Forecast	$75.05
Low Forecast	$58.00

According to the 23 analysts' twelve-month price targets for CVS Health, the average price target is $75.05. The highest price target for CVS is $100.00, while the lowest price target for CVS is $58.00. The average price target represents a forecasted upside of 23.01% from the current price of $61.01.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	13 Buy rating(s)	12 Buy rating(s)	14 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$75.05	$75.05	$89.44	$105.11
Forecasted Upside	23.01% Upside	20.74% Upside	21.54% Upside	24.03% Upside

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CVS 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.

CVS 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.

CVS Health Stock vs. The Competition

Type	CVS Health	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.57	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	23.01% Upside	52.26% Upside	9.09% 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
7/23/2024	Cantor Fitzgerald 3 of 5 stars	S. James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$58.00 ➝ $58.00	+0.94%
5/30/2024	Baird R W 0 of 5 stars	M. Ha Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/30/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$101.00 ➝ $86.00	+53.54%
5/30/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$61.00	+13.55%
5/8/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Graja Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$100.00 ➝ $80.00	+44.85%
5/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$76.00 ➝ $60.00	+6.88%
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5/7/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$99.00 ➝ $59.00	+5.41%
5/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$95.00 ➝ $77.00	+41.73%
5/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$85.00 ➝ $74.00	+36.08%
5/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$78.00 ➝ $63.00	+16.90%
5/2/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$90.00 ➝ $66.00	+21.37%
5/2/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$86.00 ➝ $72.00	+27.84%
5/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$85.00 ➝ $60.00	+6.53%
5/1/2024	Leerink Partnrs Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Cherny Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
5/1/2024	SVB Leerink Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform	$87.00 ➝ $60.00	+5.60%
3/15/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$93.00 ➝ $94.00	+21.75%
2/8/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$86.00 ➝ $84.00	+11.24%
12/22/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$94.00	+19.56%
11/2/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$110.00 ➝ $100.00	+43.55%
10/10/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$93.00 ➝ $80.00	+11.41%
9/19/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	In-Line ➝ Outperform	$81.00 ➝ $83.00	+17.40%
9/12/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$80.00	+16.36%
8/17/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/4/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$90.00 ➝ $85.00	+14.34%
5/8/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$125.00 ➝ $96.00	+35.82%
4/10/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
2/9/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$130.00 ➝ $143.00	+60.75%
8/17/2022	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$125.00 ➝ $130.00	+23.69%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:32 AM ET.

CVS Forecast - Frequently Asked Questions

What is CVS Health's forecast for 2024?: According to the research reports of 23 Wall Street equities research analysts, the average twelve-month stock price forecast for CVS Health is $75.05, with a high forecast of $100.00 and a low forecast of $58.00.
Should I buy or sell CVS Health stock right now?: 23 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CVS Health in the last twelve months. There are currently 10 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CVS shares.
Does CVS Health's stock price have much upside?: According to analysts, CVS Health's stock has a predicted upside of 20.98% based on their 12-month stock forecasts.
Has CVS Health been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, CVS Health's stock had 4 downgrades and 1 upgrade by analysts.
What analysts cover CVS Health?: CVS Health has been rated by research analysts at Argus, Baird R W, Bank of America, Barclays, Cantor Fitzgerald, JPMorgan Chase & Co., Leerink Partnrs, Mizuho, Robert W. Baird, SVB Leerink, TD Cowen, The Goldman Sachs Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like CVS Health more than its competitors?: Analysts like CVS Health more than other "retail/wholesale" companies. The consensus rating for CVS Health is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how CVS compares to other companies.