Why Teladoc Stock Surprisingly Popped Today
Shares of telemedicine company Teladoc Health (NYSE: TDOC) surprisingly popped on Thursday after Citron Research gave it a glowing recommendation. As of 3:30 p.m. ET, Teladoc stock was up 7%, but it had been up as much as 15% earlier in the day.
Teladoc stock has been completely discarded by investors. A stock market darling in 2020, it's dropped 96% from its all-time high in early 2021. This is why the shoutout from Citron Research was so surprising. The research firm has a large social media presence and called Teladoc "The Under-the-Radar AI Play," which is attention grabbing.
The basic premise of the investment thesis from Citron Research is that Teladoc stock is down because it's no longer a high-growth company. But it's worth buying because it's becoming a high-margin cash-flow opportunity.
Source Fool.com
