Is It Too Late to Buy Teladoc Stock?
Even the greatest stocks can reach a time when their best days are behind them. After consistently delivering tremendous gains, they run out of steam, often because their valuations increase way above what their growth prospects justify. When this happens, these one-time winners are no longer good picks for investors.
Teladoc Health (NYSE: TDOC) has all the makings of a great stock. Its shares are up more than 660% since Teladoc's initial public offering in July 2015. More than half of that gain was generated this year.
But the telehealth services provider remains unprofitable while its valuation is near all-time highs. Some worry that the demand for telehealth could decline once the COVID-19 pandemic ends. Is it too late to buy Teladoc stock?
Source Fool.com
