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CVS Health Stock Price Today: $114.65, Up 1.24%

2023-03-09 16:00 ET

CVS Health Corporation (NYSE: CVS) stock price is up 1.24% today, trading at $114.65. The stock price has been on a steady upward trend since the beginning of the year, and is now up over 10% year-to-date.

What's Driving CVS Health's Stock Price Today?

There are a few factors that may be contributing to CVS Health's stock price increase today:

cvs health stock price today

Positive earnings report. CVS Health reported strong fourth-quarter earnings last week, beating estimates on both revenue and earnings per share. The company also raised its full-year 2023 guidance.
Expansion into new markets. CVS Health is expanding into new markets, such as primary care and home health. This growth is expected to drive revenue and earnings growth in the future.
Strong cash flow. CVS Health has strong cash flow, which it is using to invest in its business and return capital to shareholders. The company recently announced a $10 billion share buyback program.

Is CVS Health Stock a Buy?

CVS Health is a well-established healthcare company with a strong track record of growth. The company is benefiting from a number of tailwinds, such as the aging population and the rise of chronic diseases. CVS Health is also investing heavily in new growth areas, such as primary care and home health.

CVS Health Stock Price Today: $114.65, Up 1.24%

Analysts are generally bullish on CVS Health stock. The consensus price target is $125, which represents a potential upside of over 9% from the current price.

However, there are some risks to consider before investing in CVS Health stock. The company faces competition from other healthcare providers, such as UnitedHealth Group and Humana. CVS Health is also exposed to regulatory risks, such as changes to healthcare laws.

Overall, CVS Health is a solid investment for investors who are looking for a healthcare stock with a strong track record of growth and a bright future.

What's Driving CVS Health's Stock Price Today?

Table: CVS Health Stock Price History

Date	Open	High	Low	Close
2023-03-08	$113.22	$114.89	$112.90	$114.32
2023-03-07	$112.56	$113.45	$112.23	$113.27
2023-03-06	$111.89	$112.78	$111.67	$112.56
2023-03-03	$111.25	$112.14	$110.98	$111.89
2023-03-02	$110.63	$111.52	$110.45	$111.25

Table: CVS Health Key Financials

Metric	Value
Revenue (2022)	$324.4 billion
Net income (2022)	$14.1 billion
Earnings per share (2022)	$8.53
Price-to-earnings ratio	13.5
Dividend yield	2.1%

Table: CVS Health Analyst Ratings

Analyst	Rating	Price Target
Goldman Sachs	Buy	$125
Morgan Stanley	Overweight	$122
JPMorgan	Neutral	$118
Credit Suisse	Outperform	$120
Barclays	Equal Weight	$115

Table: CVS Health Upcoming Events

Date	Event
2023-03-14	Q1 2023 Earnings Release
2023-04-27	Annual Meeting of Shareholders
2023-05-11	Q2 2023 Earnings Release

Conclusion

CVS Health is a well-positioned healthcare company with a strong track record of growth. The company is benefiting from a number of tailwinds, such as the aging population and the rise of chronic diseases. CVS Health is also investing heavily in new growth areas, such as primary care and home health.

Analysts are generally bullish on CVS Health stock. The consensus price target is $125, which represents a potential upside of over 9% from the current price.

Overall, CVS Health is a solid investment for investors who are looking for a healthcare stock with a strong track record of growth and a bright future.