Teladoc Health Stock Price, News & Analysis (NYSE:TDOC)

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Teladoc Health in the last year. There are currently 8 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TDOC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TDOC, but not buy additional shares or sell existing shares.
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13 analysts have issued 12 month price objectives for Teladoc Health's stock. Their TDOC share price targets range from $19.00 to $36.00. On average, they predict the company's stock price to reach $27.14 in the next year. This suggests a possible upside of 43.1% from the stock's current price.
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Teladoc Health's stock was trading at $23.65 on January 1st, 2023. Since then, TDOC stock has decreased by 19.8% and is now trading at $18.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Teladoc Health, Inc. (NYSE:TDOC) released its quarterly earnings results on Tuesday, October, 24th. The health services provider reported ($0.35) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.02. The health services provider earned $660.24 million during the quarter, compared to analysts' expectations of $662.71 million. Teladoc Health had a negative trailing twelve-month return on equity of 9.60% and a negative net margin of 155.12%.

ETFs with the largest weight of Teladoc Health (NYSE:TDOC) stock in their portfolio include ARK Genomic Revolution ETF (ARKG), Global X Telemedicine & Digital Health ETF (EDOC), ARK Innovation ETF (ARKK), ARK Next Generation Internation ETF (ARKW), ARK Fintech Innovation ETF (ARKF), Fidelity Digital Health ETF (FDHT), iShares Virtual Work and Life Multisector ETF (IWFH) and First Trust Nasdaq Lux Digital Health Solutions ETF (EKG).

Teladoc Health issued an update on its FY23 earnings guidance on Tuesday, October, 24th. The company provided EPS guidance of $(1.50)-$(1.40) for the period, compared to the consensus EPS estimate of ($1.37). The company issued revenue guidance of $2.600-2.625 billion, compared to the consensus revenue estimate of $2.63 billion.

106 employees have rated Teladoc Health Chief Executive Officer Jason Gorevic on Glassdoor.com. Jason Gorevic has an approval rating of 95% among the company's employees. This puts Jason Gorevic in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teladoc Health investors own include NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), Advanced Micro Devices (AMD), Block (SQ), Shopify (SHOP), DocuSign (DOCU), Salesforce (CRM), PayPal (PYPL) and Zoom Video Communications (ZM).

(TDOC) raised $112 million in an initial public offering on Wednesday, July 1st 2015. The company issued 7,000,000 shares at $15.00-$17.00 per share. J.P. Morgan and Deutsche Bank Securities acted as the underwriters for the IPO and William Blair, Wells Fargo Securities and SunTrust Robinson Humphrey were co-managers.

Teladoc Health's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARK Investment Management LLC (12.31%), Sumitomo Mitsui Trust Holdings Inc. (4.66%), State of Michigan Retirement System (1.92%), Baillie Gifford & Co. (1.06%), Charles Schwab Investment Management Inc. (0.94%) and Federated Hermes Inc. (0.91%). Insiders that own company stock include Adam C Vandervoort, Andrew Turitz, Arnnon Geshuri, Claus Torp Jensen, Daniel Trencher, David Travers, David William Sides, Glen Tullman, Hemant Taneja, Jason N Gorevic, Karen L Daniel, Mala Murthy, Michael Willem Waters, Richard J Napolitano, Sandra L Fenwick, Stephany Verstraete, Vidya Raman-Tangella and Yulun Wang.
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Shares of TDOC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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