#3 - Teladoc Health (NYSE:TDOC)
2020 was nothing if not disruptive. And that gave Wood plenty of candidates to choose from for her ARK Innovation (NYSEMKT:ARKK) ETF that focuses on companies that are providing “disruptive innovation.” Teladoc Health (NYSE:TDOC) certainly fits that description.
In some ways the concept is almost too simple to be believed. Teladoc puts a technological twist on the old-fashioned house call model. The company allows patients to have virtual appointments with their doctor. And the pandemic pushed the company to a different level that saw its total revenue increase by 98% with total visits increasing over 200%.
The doctor-patient relationship is an intimate one, and it’s unlikely that Teladoc will be able to sustain that rate of growth in the future. That may be one reason why TDOC stock is flat thus far in 2021. However, the idea of virtual doctor visits isn’t going to go away. And with the company’s strategic acquisition of Livongo Health, Teladoc has another revenue stream.
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
- $10.62
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.08 (13.7% Upside)
