2 Reasons to Buy Teladoc Health Stock, and 1 Reason to Avoid It Like the Plague
Last year was a big one for most growth stocks, but Teladoc Health (NYSE: TDOC) didn't participate in the rally. Shares of America's largest telehealth provider dropped 9% in 2023 and are down 6% so far this year.
If we look back a little further, we can see the stock is down more than 90% from the peak it reached almost three years ago.
You wouldn't know it by looking at its stock chart, but Teladoc Health is a much larger business than it was a few years ago. Could now be the right time to buy this beaten-down stock? Let's weigh its strengths against the biggest challenge it faces to see if it's a good stock to buy.
Source Fool.com
