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Why Teladoc Stock Is Falling Today

TheMotleyFool

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Shares of Teladoc Health (NYSE: TDOC) were tumbling today after an analyst cut his price target for the company's stock yesterday. Additionally, some investors may be selling as part of a broader tech stock sell-off that's been occurring in the market since the beginning of the year.

Shares of the virtual healthcare services company were down 4.5% as of 2:18 p.m. ET.

Piper Sandler analyst Sean Wieland lowered his price target for Teladoc's stock from $183 to $118 yesterday. The analyst maintained his overweight rating for the stock but said that some of Teladoc's product integrations "are much less mature than we appreciated."

Source Fool.com

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