Should You Buy Teladoc Stock Right Now?
Since the coronavirus-induced bear market, there aren't too many stocks that haven't been mauled. While the broader markets have recovered some of the losses that began in mid-February, they're still down significantly: The Dow Jones Industrial Average, the S&P 500, and the NASDAQ Composite are down 19%, 18%, and 17%, respectively.
One notable exception so far this year has been Teladoc Health (NYSE: TDOC). The cloud-based telehealth specialist has moved in the opposite direction of the major markets, gaining more than 74% since the beginning of the year, and up 24% since the bear-market decline began on Feb. 19.
This has many investors asking the same question: With gains like that and so much growth baked into the stock price, should investors consider adding Teladoc right now?
Source Fool.com
