For Teladoc Health Inc. [TDOC], Analyst sees a rise to $34. What next?

Teladoc Health Inc. [NYSE: TDOC] closed the trading session at $24.08 on 03/09/23. The day’s price range saw the stock hit a low of $24.06, while the highest price level was $25.62. The company report on March 3, 2023 that Teladoc Health to Participate in Upcoming Investor Conference.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


About Teladoc HealthTeladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey. Teladoc Health leverages more than two decades of expertise and data-driven insights to meet the growing virtual care needs of consumers and healthcare professionals. For more information, please visit or follow @TeladocHealth on Twitter.

The stocks have a year to date performance of 1.82 percent and weekly performance of -5.35 percent. The stock has been moved at -21.31 percent over the last six months. The stock has performed -24.18 percent around the most recent 30 days and changed -7.53 percent over the most recent 3-months.

If compared to the average trading volume of 4.35M shares, TDOC reached to a volume of 3195671 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Teladoc Health Inc. [TDOC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TDOC shares is $30.32 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TDOC stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

SVB Securities have made an estimate for Teladoc Health Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 23, 2023. The new note on the price target was released on October 24, 2022, representing the official price target for Teladoc Health Inc. stock.

The Average True Range (ATR) for Teladoc Health Inc. is set at 1.49, with the Price to Sales ratio for TDOC stock in the period of the last 12 months amounting to 1.54. The Price to Book ratio for the last quarter was 1.69, with the Price to Cash per share for the same quarter was set at 5.96. Price to Free Cash Flow for TDOC in the course of the last twelve months was 21.48 with Quick ratio for the last quarter at 3.10.

TDOC stock trade performance evaluation

Teladoc Health Inc. [TDOC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.35. With this latest performance, TDOC shares dropped by -24.18% in over the last four-week period, additionally sinking by -21.31% over the last 6 months – not to mention a drop of -62.11% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TDOC stock in for the last two-week period is set at 36.06, with the RSI for the last a single of trading hit 29.34, and the three-weeks RSI is set at 40.34 for Teladoc Health Inc. [TDOC]. The present Moving Average for the last 50 days of trading for this stock 27.15, while it was recorded at 25.47 for the last single week of trading, and 30.53 for the last 200 days.

Teladoc Health Inc. [TDOC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Teladoc Health Inc. [TDOC] shares currently have an operating margin of -9.45 and a Gross Margin at +58.45. Teladoc Health Inc.’s Net Margin is presently recorded at -567.53.

Return on Equity for this stock declined to -148.85, with Return on Assets sitting at -121.16.

Teladoc Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.30.

Teladoc Health Inc. [TDOC]: Insider Ownership positions

There are presently around $3,261 million, or 83.80% of TDOC stock, in the hands of institutional investors. The top three institutional holders of TDOC stocks are: ARK INVESTMENT MANAGEMENT LLC with ownership of 18,928,440, which is approximately -9.252% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 14,476,155 shares of the stock with an approximate value of $348.59 million in TDOC stocks shares; and BLACKROCK INC., currently with $238.02 million in TDOC stock with ownership of nearly -15.189% of the company’s market capitalization.

Positions in Teladoc Health Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 194 institutional holders increased their position in Teladoc Health Inc. [NYSE:TDOC] by around 13,785,931 shares. Additionally, 281 investors decreased positions by around 16,854,649 shares, while 90 investors held positions by with 104,768,049 shares. The mentioned changes placed institutional holdings at 135,408,629 shares, according to the latest SEC report filing. TDOC stock had 80 new institutional investments in for a total of 1,514,741 shares, while 116 institutional investors sold positions of 2,778,289 shares during the same period.


Please enter your comment!
Please enter your name here