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Berenberg Bank Thinks Teladoc’s Stock is Going to Recover

In a report released today, Dev Weerasuriya from Berenberg Bank maintained a Buy rating on Teladoc (TDOCResearch Report), with a price target of $141.00. The company’s shares closed last Wednesday at $55.99, close to its 52-week low of $50.08.

According to TipRanks.com, Weerasuriya is ranked #6735 out of 7888 analysts.

Currently, the analyst consensus on Teladoc is a Moderate Buy with an average price target of $98.00, representing a 71.2% upside. In a report issued on April 14, Piper Sandler also maintained a Buy rating on the stock with a $104.00 price target.

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Based on Teladoc’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $554 million and GAAP net loss of $10.99 million. In comparison, last year the company earned revenue of $383 million and had a GAAP net loss of $394 million.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TDOC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Teladoc Health, Inc. is a multinational telemedicine and virtual healthcare company. The company provides telehealth solutions, expert medical services, medical opinions, artificial intelligence and analytics, behavioral health solutions, guidance and support, and platform and program services.

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