#4 - Teladoc Health (NYSE:TDOC)
Another way to invest in the health care sector is to look for stocks that focus on emerging trends. That’s the bullish argument for Teladoc Health (NYSE:TDOC). As the pandemic restrictions ease, investors are getting a chance to see what “habits” have now changed in a more sticky way.
Like e-commerce, the pandemic has been a “proof of concept” for telehealth. It’s not that Teladoc is going to replace all personal interaction between patient and physician. However, for patients who require routine monitoring for chronic conditions, for some mental health appointments, and non-threatening medical issues, it may be a convenient option.
TDOC stock is down 66% in the last 12 months, but analysts give the stock a $118.96 price target, which is an 89% upside. Investors may want to wait until institutional investors are buying with more confidence. Right now, sellers outweigh buyers which likely explains the short interest which is over 15% as of this writing.
About Teladoc Health
Teladoc Health, Inc provides virtual healthcare services worldwide. The company operates through Teladoc Health Integrated Care and BetterHelp segments. The Integrated Care segment offers virtual medical services, including general medical, expert medical, specialty medical, chronic condition management, and mental health, as well as enabling technologies and enterprise telehealth solutions for hospitals and health systems.
Read More - Current Price
- $11.25
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 12 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $18.22 (61.9% Upside)
