Could Teladoc, Inc. (TDOC) Increase Even More? The Stock Formed Wedge Up

February 25, 2018 - By Adrian Mccoy

The stock of Teladoc, Inc. (TDOC) formed an up wedge with $39.47 target or 4.00 % above today’s $37.95 share price. The 9 months wedge indicates low risk for the $2.32 billion company. If the $39.47 price target is reached, the company will be worth $92.80 million more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 2.19% or $0.85 during the last trading session, reaching $37.95. About 881,762 shares traded. Teladoc, Inc. (NYSE:TDOC) has risen 205.04% since February 25, 2017 and is uptrending. It has outperformed by 188.34% the S&P500.

Analysts await Teladoc, Inc. (NYSE:TDOC) to report earnings on February, 27 after the close. They expect $-0.41 EPS, down 32.26 % or $0.10 from last year’s $-0.31 per share. After $-0.55 actual EPS reported by Teladoc, Inc. for the previous quarter, Wall Street now forecasts -25.45 % EPS growth.

Teladoc, Inc. (NYSE:TDOC) Ratings Coverage

Among 18 analysts covering Teladoc Inc (NYSE:TDOC), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. Teladoc Inc had 69 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, June 20 by William Blair. Deutsche Bank initiated it with “Buy” rating and $38 target in Monday, July 27 report. The rating was maintained by Deutsche Bank on Thursday, August 4 with “Buy”. The company was initiated on Thursday, May 26 by Piper Jaffray. The rating was initiated by Deutsche Bank on Friday, December 8 with “Buy”. The firm has “Outperform” rating given on Friday, August 21 by FBR Capital. The stock of Teladoc, Inc. (NYSE:TDOC) has “Hold” rating given on Friday, October 20 by Robert W. Baird. Leerink Swann maintained Teladoc, Inc. (NYSE:TDOC) on Monday, October 5 with “Outperform” rating. The firm has “Outperform” rating by FBR Capital given on Wednesday, July 20. Canaccord Genuity maintained Teladoc, Inc. (NYSE:TDOC) on Friday, November 17 with “Buy” rating.

More recent Teladoc, Inc. (NYSE:TDOC) news were published by: Seekingalpha.com which released: “Teladoc: Dilutive, With Too Little Upside” on February 15, 2018. Also Globenewswire.com published the news titled: “In Midst of Flu Epidemic, Teladoc Provides Relief for Overburdened Health System” on February 20, 2018. Globenewswire.com‘s news article titled: “Teladoc to Announce Fourth Quarter and Full-Year 2017 Financial Results” with publication date: February 13, 2018 was also an interesting one.

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