Barclays raised the firm’s price target on Teladoc (TDOC) to $12 from $10 and keeps an Overweight rating on the shares. The stock was up 12% on a better than feared Q3 print, the analyst tells investors in a research note. The firm tells investors to “buy the last cut.”
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Read More on TDOC:
- 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
- Teladoc reports Q3 EPS (19c), consensus (27c)
- Teladoc sees Q4 revenue growth 0%-2.5% year-over-year