Truist analyst Jailendra Singh is keeping his Hold rating and $29 price target on Teladoc. While investors have inquired about the cause of its 8.5% drop yesterday that were attributed to softening quarter-to-date trends in BetterHelp Website traffic, his tracked credit card data, app downloads, and MAUs for BetterHelp suggest that while there has been some moderation in sequential trends at BetterHelp, the overall trends are not different from what the management indicated with its Q3 earnings call, the analyst tells investors in a research note.
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