#9 - Teladoc Health (NYSE:TDOC)
By now,
By now, Teladoc Health (NYSE:TDOC) is no longer a secret. Not when the stock is up nearly 150% for the year. The basic premise is simple enough. Instead of mildly sick or non-critically injured patients going to a doctor’s office and carrying the risk of passing on their illness to others or being exposed to an illness, they can video chat with their doctor – or a different licensed physician – from the safety of their home.
In an interview with CNBC’s Jim Cramer, Jason Gorevic, Teladoc’s CEO described why virtual health care was becoming part of our society, “The demand has shifted forever on virtual care, and we’re on the verge of a new era for virtual care in the healthcare system.”
There are issues. First, only a fraction of states are currently expanding their telehealth services and Teladoc is not yet profitable. But neither of those issues should be affected all that much by the results of an election. That means the movement should continue to gain momentum from patients and physicians.
(NYSE:TDOC) is no longer a secret. Not when the stock is up nearly 150% for the year. The basic premise is simple enough. Instead of mildly sick or non-critically injured patients going to a doctor’s office and carrying the risk of passing on their illness to others or being exposed to an illness, they can video chat with their doctor – or a different licensed physician – from the safety of their home.
In an interview with CNBC’s Jim Cramer, Jason Gorevic, Teladoc’s CEO described why virtual health care was becoming part of our society, “The demand has shifted forever on virtual care, and we’re on the verge of a new era for virtual care in the healthcare system.”
There are issues. First, only a fraction of states are currently expanding their telehealth services and Teladoc is not yet profitable. But neither of those issues should be affected all that much by the results of an election. That means the movement should continue to gain momentum from patients and physicians.
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
- $9.21
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.08 (31.2% Upside)
