Cantor Fitzgerald raised the firm’s price target on Teladoc (TDOC) to $11 from $10 and keeps an Overweight rating on the shares. The firm expects the stock will see some relief following the soft 2025 guidance, saying in a research note that the overhang on the stock was largely due to the lack of investor confidence and management commentary in the direction of both the Integrated Care and BetterHelp segments. Cantor says the 2025 guidance is encouraging to weak sentiment.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TDOC:
- Teladoc price target lowered to $8 from $9 at TD Cowen
- Teladoc price target raised to $12 from $10 at Barclays
- Teladoc Health Reports Q3 2024 Financial Results
- Closing Bell Movers: Microsoft, Meta both down about 3% despite earnings beats
- Teladoc sees FY24 revenue growth % low single digits to mid-single digits y/y