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.

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Source Fool.com