#8 - Teladoc Health (NYSE:TDOC)
Teladoc Health (NYSE:TDOC) is a stock for investors with higher risk tolerance. The company is not yet profitable, but it’s about to have a massive opportunity. The Trump administration has authorized an expansion of services like the kind provided by Teladoc and other companies.
Several states, although admittedly not a flood of them, are expanding their telehealth services. The goal is to allow doctors and patients to easily connect online. The state of Washington is moving to allow doctors to treat patients voluntarily even if they are not licensed in the state (they must be licensed elsewhere).
Currently, 260 doctors have volunteered, but the vetting process will take months. And then getting licensed can is still a lengthy, and expensive, venture.
I have to admit, I struggle with the idea of receiving a virtual diagnosis. But this may be the way society will move. If contagious patients can be kept away from a doctor’s office, but still get the care they need, it could be a major win.
As of March 20, TDOC stock was up 70% for the year.
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
- $9.44
- Consensus Rating
- Hold
- Ratings Breakdown
- 7 Buy Ratings, 14 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $12.24 (29.6% Upside)
Things may seem bleak at the moment. The coronavirus is sapping a little of our nation’s national energy. But we are an adaptable society. And adapting we are. If you were paying attention last week, stocks tended to rally on the hint of a medical solution.
A vaccine is months if not a year away. But antivirals may be much closer. Until then, Americans are being asked to stay indoors as much as possible. And if they do have to go out, they are being tasked with maintaining an appropriate social distance.
As we put our faith in science, we are also increasingly going to be putting our trust in technology. The companies that we’ve discussed in this presentation will be helping Americans find comfort, work efficiently, provide routine, and perhaps even stay healthy in the coming weeks and, perhaps, months.
Every crisis changes society in some ways. And that will be the case in the aftermath of the coronavirus. The definition of where, and how, we work may be redefined forever. And these companies are likely to be part of that changing economy.
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