How Analysts Feel About Teladoc, Inc. (TDOC) After Reaching 52-Week High?

June 17, 2018 - By Ellis Scott

Teladoc, Inc. (NYSE:TDOC) Logo

The stock of Teladoc, Inc. (NYSE:TDOC) hit a new 52-week high and has $63.28 target or 4.00 % above today’s $60.85 share price. The 5 months bullish chart indicates low risk for the $3.88B company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $63.28 price target is reached, the company will be worth $155.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.41% or $0.25 during the last trading session, reaching $60.85. About 1.41M shares traded or 42.85% up from the average. Teladoc, Inc. (NYSE:TDOC) has risen 66.23% since June 17, 2017 and is uptrending. It has outperformed by 53.66% the S&P500.

Analysts await Teladoc, Inc. (NYSE:TDOC) to report earnings on August, 1. They expect $-0.35 earnings per share, down 25.00 % or $0.07 from last year’s $-0.28 per share. After $-0.39 actual earnings per share reported by Teladoc, Inc. for the previous quarter, Wall Street now forecasts -10.26 % EPS growth.

Teladoc, Inc. (NYSE:TDOC) Ratings Coverage

Among 13 analysts covering Teladoc (NYSE:TDOC), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Teladoc had 23 analyst reports since January 8, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 8 by KeyBanc Capital Markets. Canaccord Genuity maintained Teladoc, Inc. (NYSE:TDOC) rating on Tuesday, April 3. Canaccord Genuity has “Buy” rating and $4300 target. The firm has “Buy” rating given on Tuesday, June 5 by SunTrust. The rating was maintained by Robert W. Baird on Tuesday, June 5 with “Neutral”. Cantor Fitzgerald maintained Teladoc, Inc. (NYSE:TDOC) on Wednesday, February 28 with “Neutral” rating. The firm has “Overweight” rating given on Thursday, March 15 by KeyBanc Capital Markets. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, February 28 report. The rating was maintained by J.P. Morgan with “Buy” on Tuesday, May 8. The stock has “Buy” rating by Citigroup on Tuesday, June 5. Cantor Fitzgerald maintained the shares of TDOC in report on Monday, June 4 with “Hold” rating.

More notable recent Teladoc, Inc. (NYSE:TDOC) news were published by: Seekingalpha.com which released: “Teladoc: Pump The Brakes” on June 13, 2018, also Seekingalpha.com with their article: “Teladoc Acquires Advance Medical For Global Service Expansion” published on June 07, 2018, Fool.com published: “Why Teladoc Inc. Stock Gained 18% in May” on June 07, 2018. More interesting news about Teladoc, Inc. (NYSE:TDOC) were released by: Seekingalpha.com and their article: “Teladoc, Inc. (TDOC) Teladoc Acquires Advance Medical (Transcript)” published on June 05, 2018 as well as Globenewswire.com‘s news article titled: “Teladoc Acquires Global Virtual Care Provider, Advance Medical” with publication date: June 04, 2018.

Teladoc, Inc. operates a telehealth platform that provides on-demand healthcare services to its members in the United States. The company has market cap of $3.88 billion. The Company’s solution connects clients with its physicians and behavioral health professionals that treat a range of conditions and cases, including acute diagnoses, such as upper respiratory infection, urinary tract infection, and sinusitis; dermatological conditions; anxiety; and smoking cessation. It currently has negative earnings. The firm offers its services through mobile devices, the Internet, video, and phone.

Teladoc, Inc. (NYSE:TDOC) Ratings Chart

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