Teladoc Health, Inc. (TDOC) AI Stock Analysis

NYSE: TDOCAI research summary: business, growth, valuation, analysts, bull and bear case.

TDOC AI stock analysis summary

AI Research

Teladoc Health, Inc. (TDOC) is a global virtual healthcare provider with trailing twelve-month revenue of $2.49B and a market capitalization of $1.03B. The company continues to generate positive free cash flow, delivering $285.5M in FY2025, but remains unprofitable with a net loss of -$200.3M. Shares have fallen 37.1% over the past year to close at $5.67.

Market cap
$1.03B
Revenue (TTM)
$2.49B
P/E
—
fwd 303.0x
1Y return
-37.1%
S&P 500 16.8%
Avg. target
$7.59
33.8% vs last close

Bull case

  • Teladoc Health generated $285.5M in free cash flow and $294.4M in operating cash flow during FY2025.
  • Analysts maintain a mean price target of $7.59, representing 33.8% upside from the recent close of $5.67.
  • The stock trades at an EV to EBITDA ratio of 6.6x and a price-to-sales ratio of 0.4x, below the US-listed Healthcare peer medians of 12.0x and 4.1x.

Bear case

  • Revenue fell 1.5% in FY2025 to $2.53B and contracted 4.0% year-over-year in the quarter ended June 30, 2026.
  • The company remains unprofitable, recording a net loss of -$200.3M in FY2025 and trailing twelve months EPS of -$0.99.
  • Teladoc Health holds total debt of $1.04B and operates with a current ratio of 0.83 as of June 30, 2026.

What Teladoc Health does

Teladoc Health, Inc. is a provider of virtual healthcare services catering to a global clientele across the United States and internationally. Founded in 2002 and based in Purchase, New York, the company offers telehealth programs and services ranging from primary and specialty care to chronic condition management and mental health therapies. Its solutions address medical needs such as diabetes, hypertension, chronic kidney disease, cancer, and congestive heart failure. Teladoc Health serves employers, health plans, hospitals, health systems, insurance companies, financial services firms, and individual members.

Growth and profitability

Teladoc Health delivered annual revenue growth of 85.8% in FY2021 to $2.03B, followed by 18.4% growth to $2.41B in FY2022 and 8.1% growth to $2.60B in FY2023. Top-line revenue subsequently fell 1.3% to $2.57B in FY2024 and declined 1.5% to $2.53B in FY2025. Over the trailing twelve months ended June 30, 2026, revenue stood at $2.49B, with quarterly revenue growth declining 4.0% year-over-year. Net income was -$428.8M in FY2021, -$13.66B in FY2022, -$220.4M in FY2023, -$1.00B in FY2024, and -$200.3M in FY2025, reflecting an operating margin of -10.4% in FY2025 and a trailing twelve-month operating margin of -5.7%.

TDOC income statement →

Balance sheet and cash flow

As of June 30, 2026, Teladoc Health held $774.3M in cash and short-term investments alongside total debt of $1.04B, resulting in net debt of $261.9M. Shareholders' equity was $1.31B, with total assets of $2.76B, a current ratio of 0.83, and a debt-to-equity ratio of 0.79. During FY2025, the company generated $294.4M in operating cash flow and $285.5M in free cash flow, while spending $8.9M on capital expenditures. Its share count increased 12.6% over 5 years.

TDOC balance sheet →

Valuation and performance

Teladoc Health closed at $5.67 on October 16, 2026, giving it an enterprise value of $1.42B. The stock trades at a price-to-sales multiple of 0.4x, below the median of its US-listed Healthcare peers of 4.1x. Its enterprise value to EBITDA ratio of 6.6x also sits below the peer median of 12.0x, while its forward price-to-earnings ratio is 303.0x compared to the peer median of 17.3x. Over the past year, the shares dropped 37.1% compared to a 16.8% return for the S&P 500, and fell 95.8% over five years versus an 83.0% gain for the index.

TDOC key metrics →

What analysts expect

Wall Street sentiment includes 5 Strong Buy, 1 Buy, and 17 Hold ratings, with 0 Sell or Strong Sell recommendations. The mean price target is $7.59, representing a 33.8% premium over the last close of $5.67. For the fiscal year ending December 31, 2026, analysts estimate revenue of $2.42B and an EPS of -$0.79. Teladoc Health beat EPS estimates in each of the last 4 quarters, with its next earnings date scheduled for October 28, 2026.

TDOC forecast and price target →

Key risks and what to watch

  • Short interest accounts for 16.7% of the float, reflecting significant bearish sentiment.
  • Total debt of $1.04B exceeds cash and short-term investments of $774.3M, leaving net debt at $261.9M.
  • A current ratio of 0.83 indicates that short-term obligations exceed liquid assets.
  • Annual top-line growth remained negative at -1.3% in FY2024 and -1.5% in FY2025.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this TDOC AI stock analysis

This page is an AI-written research summary of Teladoc Health, Inc. (TDOC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: TDOC income statement, TDOC balance sheet, TDOC key metrics, TDOC analyst forecast, TDOC chart. See the TDOC stock overview for the latest quote and news.

TDOC AI stock analysis FAQ

Does Teladoc Health pay a dividend?

No, Teladoc Health does not pay a dividend.

What are analysts forecasting for Teladoc Health in FY2026?

For the fiscal year ending December 31, 2026, analysts estimate revenue of $2.42B and an EPS of -$0.79.

What is Teladoc Health's financial position regarding cash and debt?

As of June 30, 2026, Teladoc Health held $774.3M in cash and short-term investments alongside total debt of $1.04B, resulting in net debt of $261.9M.

What are Wall Street ratings and price targets for TDOC?

Analysts have assigned 5 Strong Buy, 1 Buy, and 17 Hold ratings, with a mean price target of $7.59.

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