Why Teladoc Health Stock Jumped on Thursday

Shares of Teladoc Health (NYSE: TDOC) jumped on Thursday, rising about 6% as of 1:40 p.m. EDT. The stock's gain came after the company announced second-quarter results.

Shares of the telehealth specialist were likely up because the company's quarterly revenue and management's guidance for its third-quarter revenue were both far higher than analysts were expecting. In addition, many analysts boosted their price targets for the growth stock after the report was released.

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Source Fool.com