Teladoc Financials Impress in Q2: Analysts Optimistic On Q2 Performance But Stay On Sidelines
Portfolio Pulse from Vandana Singh
Teladoc Health Inc reported better-than-expected Q2 financial results, with a 10% YoY increase in revenue to $652.4 million, beating the consensus estimate of $649.19 million. Despite the positive results, analysts from William Blair, Needham, and Credit Suisse maintain their neutral ratings due to lack of clarity on the company's organic growth outlook and macro and consumer-related trends.
July 26, 2023 | 6:18 pm
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NEUTRAL IMPACT
Teladoc's Q2 results exceeded expectations, but analysts maintain neutral ratings due to uncertainties in the company's growth outlook.
Teladoc's better-than-expected Q2 results could have a positive impact on its stock. However, the neutral ratings from analysts due to uncertainties in the company's growth outlook could limit any significant upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100