Stock Track | Teladoc Surges 5% on Upbeat Q3 Results, Analysts Remain Cautious

Stock Track11-01

Shares of Teladoc Health Inc. (TDOC) soared 5.22% on November 1st, after the telehealth company reported better-than-expected third-quarter earnings results. The stock gained despite analysts' mixed reactions and concerns over Teladoc's revenue outlook.

For the third quarter, Teladoc reported revenue of $641 million, in line with analysts' expectations. However, the company posted a smaller-than-anticipated loss of $0.19 per share, beating estimates and fueling the stock rally.

Following the results, some analysts slightly raised their earnings forecasts for 2025, but maintained a cautious stance on the company's prospects. Deutsche Bank, for instance, lifted its price target on Teladoc to $12 from $10 but kept a "Hold" rating, citing uncertainty over the company's future performance.

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