Chardan Capital Markets Starts Teladoc (TDOC) at Buy; Sees 40% Upside

November 16, 2016 6:15 AM EST
Get Alerts TDOC Hot Sheet
Price: $18.80 -1.05%

Rating Summary:
    13 Buy, 1 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 21 | Down: 31 | New: 25
Trade TDOC Now!
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Chardan Capital Markets initiates coverage on Teladoc (NYSE: TDOC) with a Buy rating and a price target of $24.00, saying they see strong demand for telehealth in 2017.

Analyst Steven Wardell commented, "Teladoc is the leading provider of telehealth services to employers, health plans, and healthcare providers. We expect strong growth for Teladoc over the next two years based on our recent channel checks. Teladoc is mispriced and undervalued compared to its peers due to market concerns about its business model and its currently-negative earnings. However, we have confidence in its business model and growth and expect earnings margins to rapidly improve over the next year, making now a good entry point for the name, given the potential for over 40% upside."

For an analyst ratings summary and ratings history on Teladoc click here. For more ratings news on Teladoc click here.

Shares of Teladoc closed at $16.95 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Analyst Comments, Hot New Coverage, New Coverage

Related Entities

Earnings, Chardan Capital Markets

Add Your Comment