Is Teladoc Stock a Buy?
Telehealth has been growing in popularity this year, as patients are in need of much more flexible healthcare options amid the coronavirus pandemic. With hospitals deferring procedures in order to manage COVID-19, and people spending more time at home, being able to remotely connect with a physician allows patients to get the care they need while social distancing and staying safe. One company that's benefited from that rise in demand is Teladoc Health (NYSE: TDOC).
The healthcare stock is up 137% this year, significantly outperforming the S&P 500 and its 14% returns. However, with vaccines from Pfizer and Moderna showing efficacy rates of more than 90%, investors may be wondering if the need for telehealth will remain strong next year and if Teladoc is still a good company to invest in. Let's take a closer look at the business and see whether the stock could go higher, or if it's time to cash in some of those gains.
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Source Fool.com
