BofA Remains a Hold on Teladoc Health (TDOC), Sets a PT of $8.75
A doctor wearing a face mask and lab coat providing remote medical advice via video chat.
The analyst reasoned that Teladoc Health, Inc. (NYSE:TDOC) is experiencing a growth slowdown, especially in its Livongo and BetterHelp segments, which underwent a drop in app downloads and monthly active users. Lutz attributed this deceleration to a rise in customer acquisition costs and a cautious consumer spending environment.
However, the analyst also acknowledged that Teladoc Health, Inc.'s (NYSE:TDOC) recent acquisitions, Catapult and Uplift, are paving the way for future revenue growth despite these challenges.
Lutz further stated that these initiatives are in their early stages and would require time to materialize. Similarly, other strategic initiatives, such as international expansion and insurance coverage, will also take time to make an impact, according to the analyst, supporting the cautious near-term outlook and potential for long-term growth.
Teladoc Health, Inc. (NYSE:TDOC) provides virtual healthcare services and operates through two segments: BetterHelp and Teladoc Health Integrated Care. The BetterHelp sector covers its direct-to-consumer (D2C) mental health platform.
Teladoc Health Integrated Care comprises a range of global virtual medical services, including specialty medical, expert medical services, general medical, mental health, chronic condition management, and more.
While we acknowledge the potential of TDOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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