#6 - Teladoc (NYSE:TDOC)
Any talk of healthcare innovation in 2021 has to consider the field of telehealth. And Teladoc Health (NYSE:TDOC) is one of the unquestioned leaders in this space.
TDOC stock has enjoyed a massive 160% gain in the trailing twelve-month period. It’s reasonable for investors to ask if the thrill is gone, particularly since like other stocks in this presentation, Teladoc is not yet profitable.
You can rely on anecdotal evidence that the pandemic is fundamentally changing the nature of the doctor-patient relationship. Many patients are realizing that there are some things that can be handled with a virtual visit, which makes for a more efficient and potentially safe experience for all involved.
However, a more convincing way to look at the company’s prospects is go to the data. In the most recent quarter, the company’s revenue more than doubled and total “office visits” more than tripled on a YOY basis.
And in 2020, Teladoc acquired Livongo Health, which will allow it to capture further market share and branch out into the area of chronic condition management.
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.
More- Current Price
- $11.00
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.08 (9.9% Upside)
