Market Overview

Market Update: Wall Street Analysts Take On Teladoc

Share:

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

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

View More Analyst Ratings for TDOC
View the Latest Analyst Ratings

Posted-In: Price Target Initiation Analyst Ratings

 

Related Articles (TDOC)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
HSKACanaccord GenuityMaintains75.0
AVGOMorgan StanleyMaintains265.0
AMATNeedhamMaintains56.0
VOYACitigroupMaintains62.0
VCCitigroupMaintains86.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

The 1 China ETF You Need To Know Today

Oppenheimer: Time To Buy ConforMIS, Two Catalysts Are Coming Next Year