Forecast Of The Day: Number Of Retail Prescriptions Filled By CVS
What?
The Number Of Retail Prescriptions Filled By CVS Health (NYSE:CVS) rose from 1.42 billion in 2019 to 1.47 billion in 2020. Trefis expects the metric to rise to around 1.52 billion in 2021 and 1.58 billion in 2022.
Why?
We expect growth to be driven by the addition of new stores and rising healthcare spending.
So What?
We think the projected growth is largely priced into CVS stock. We value CVS at about $99 per share, about 5% ahead of the current market price.
See Our Complete Analysis For CVS Health
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