Teladoc Health, Inc. (NYSE:TDOC) is featured as one of the 13 Best Healthcare Stocks to Buy Under $10, with Bank of America Securities analyst Allen Lutz reiterating a Hold rating on the company with a price target of $8.75. Lutz cited the company’s current and future performance as reasons for the rating. Teladoc Health, Inc. provides virtual healthcare services through two segments: BetterHelp and Teladoc Health Integrated Care.

The analyst noted a growth slowdown for Teladoc Health, Inc. (NYSE:TDOC) specifically in its Livongo and BetterHelp segments, attributing it to a drop in app downloads and monthly active users. This deceleration was linked to an increase in customer acquisition costs and a cautious consumer spending environment. Despite these challenges, recent acquisitions like Catapult and Uplift are expected to drive future revenue growth.

Teladoc Health, Inc. (NYSE:TDOC) faces challenges in its growth trajectory, with recent acquisitions paving the way for future revenue growth. Strategic initiatives such as international expansion and insurance coverage are expected to have a long-term impact, supporting a cautious near-term outlook and potential for growth. The company operates through two segments: BetterHelp and Teladoc Health Integrated Care.

Investors are advised to consider the potential of Teladoc Health, Inc. (TDOC) as an investment, but also explore other AI stocks that may offer greater upside potential with less downside risk. The company provides virtual healthcare services through its BetterHelp and Teladoc Health Integrated Care segments, offering a range of global virtual medical services including specialty medical, expert medical services, and more.

Read more at Yahoo Finance: BofA Remains a Hold on Teladoc Health (TDOC), Sets a PT of $8.75