CVS Health Corporation (CVS) Stock Forecasts


CVS Health Corp. operated 9,675 retail drugstores at the end of 2022, including over 1,880 locations in Target stores. The total number of locations exceeds 10,000 when we include a leading specialty pharmacy, Long Term Care pharmacies, Infusion Centers where cancer medicines, for example, are delivered through a needle. The combined company posted 2022 revenue of $322 billion, with about half in the PBM business (now Health Services), 34% in Retail/Long Term Care (Pharmacy & Consumer Wellness), and 27% in Health Care Benefits. Approximately 77% of the $107 billion in Retail and long-term care revenue came from prescriptions; 23% from over-the-counter medicines, Beauty and General Merchandise. The 2019 and 2020 results include Aetna, which was acquired at the end of 2018.

CVS operated approximately 1,100 Minute Clinics, primarily within CVS pharmacy stores. The corporate headquarters is in Woonsocket, Rhode Island.

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