Market Overview

Market Update: Wall Street Analysts Take On Teladoc


The world’s first and largest telehealth platform company, Teladoc Inc (NYSE: TDOC), was introduced to the New York Stock Exchange on June 30. The proprietary company released 8.3 million shares at the price of $19 per share, above the expected range of $15-$17.

Shares skyrocketed on its IPO, moving from $19 to opening at $29.95, well over a 50 percent hike. On Monday, Wall Street analysts initiated coverage on the stock:

JP Morgan: Initiated coverage on TDOC with an Overweight rating and a price target of $38.
Deutsche Bank: Buy; PT of $38.
SunTrust Bank: Buy; PT of $37.
William Blair: Outperform.

SUMMARY: 2 Buy, 1 Overweight, and 1 Outperform rating; Price target range $37-$38.

Latest Ratings for TDOC

Sep 2019Initiates Coverage OnBuy
Jun 2019Initiates Coverage OnBuy
Apr 2019Initiates Coverage OnBuy

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Posted-In: Price Target Initiation Analyst Ratings


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