10 AI News And Ratings on Wall Street’s Radar

4. Teladoc Health Inc. (NYSE:TDOC)

Number of Hedge Fund Holders: 32

Teladoc Health Inc. (NYSE:TDOC) is a leading virtual healthcare company offering services like patient-clinician engagement via telephone and videoconferencing software to facilitate secure remote medical care. The company uses GenAI to enhance patient safety and care delivery for hospitals. It also uses AI to automate clinical documentation during virtual consultations, addressing workforce shortages while improving virtual nursing services.

On January 24th, RBC Capital raised Teladoc Health Inc.’s (NYSE:TDOC) stock target price to  $12 from $11 while maintaining an “Outperform” rating ahead of its Q4 results. The brokerage stated that the firm’s BetterHelp revenue and trends remain in focus as its user base has dropped sequentially in the past five quarters. However, RBC’s analysis of app utilization revealed that a positive reversal in this trend could have occurred. Analysts highlighted that during Teladoc Health Inc.’s (NYSE:TDOC) recent management meeting, the company said it was witnessing better momentum on the international side of the BetterHelp business as it continues to speed up its investments there.