3 Reasons to Buy Teladoc Stock Like There's No Tomorrow
Teladoc Health (NYSE: TDOC) soared early in the pandemic as people favored online medical visits. But the recent past hasn't been so bright for the telemedicine giant. Teladoc continued to grow revenue -- in the double digits rather than the triple digits -- in the later stages of the pandemic, but the problem was the company didn't make much progress along the path to profitability. In fact, it even declared billions of dollars in non-cash goodwill impairment charges in 2022, setting it farther away from that goal.
But things have been looking up in recent times. Teladoc's suffering share price -- down more than 90% from its peak -- has even shown some signs of life. The stock has climbed 11% over the past three months. That may not seem like a lot considering past declines, but it still could be the start of positive momentum. Here are three reasons to join in on the optimism and buy Teladoc stock like there's no tomorrow.
Image source: Teladoc Health.
Source Fool.com
