William Blair analyst Ryan Daniels has maintained their neutral stance on TDOC stock, giving a Hold rating today.
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Ryan Daniels has given his Hold rating due to a combination of factors surrounding Teladoc’s current financial performance and strategic direction. The company’s recent quarterly results were slightly above expectations, yet they reflect ongoing challenges, particularly in the BetterHelp segment where sales and marketing efficiency issues have led to a significant decline in EBITDA.
Despite some positive aspects, such as modest growth in integrated care sales, Teladoc is navigating a transitional phase characterized by slower growth and a focus on profitability. The company is also facing pressures from changes in its core telehealth business model, which are impacting margins. Given these dynamics, Daniels views the stock as fairly valued at present, warranting a Hold rating.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $8.50 price target.