3 Reasons It's Not Too Late to Buy Teladoc

Stocks that emphasize social distancing have been very popular this year amid the coronavirus pandemic. One stock that's been particularly popular is Teladoc Health (NYSE: TDOC), which provides users with access to virtual care. The stock is up more than 120% since the beginning of the year and it's dwarfed the S&P 500, which is still down 13% during the same period.

However, as much as shares of Teladoc have already soared, it still may not be too late to jump aboard the bandwagon by buying the stock. Here are three reasons why it could continue to climb even higher.

COVID-19 is having a tremendous effect on the company's operations. On April 14, Teladoc provided investors with a preview of its first-quarter results, which it is set to release on April 29. The company said that it's seen "an unprecedented surge in demand for its services" and that it's been averaging more than 20,000 virtual medical visits every day. And it's not just existing members using the service, as over 60% of visits are from new users who have not used the platform in the past.

Source Fool.com