Teladoc Health Sees Modest Stock Rise Amid Growth and Acquisitions

Published 1 hours agoTDOC

Teladoc Health Sees Modest Stock Rise Amid Growth and Acquisitions

Teladoc Health Inc. is witnessing a slight upturn in its stock value, trading at $6.86 per share as of May 8, 2025. This marks a 1.03% increase from its previous closing price, highlighting the company's steady position as a growth stock under $10.

In a strategic move, Teladoc recently acquired mental health company UpLift for $30 million in April 2025. This acquisition aims to bolster Teladoc's mental health services, which is a key area of expansion for the company's virtual healthcare offerings. Apart from mental health services, Teladoc is expanding its telehealth capabilities, AI and analytics, and telehealth devices.

The company has established a significant global presence, operating in over 130 countries and serving around 80 million individuals through its virtual care products. Earlier in 2023, Teladoc projected its 2022 revenues to reach about $2.4 billion, with its subsidiary, BetterHelp, contributing approximately $1 billion. This broad service scope and financial forecast underscore Teladoc's commitment to growing and diversifying its healthcare offerings worldwide.

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