Teladoc Stock Rises 12% as Jefferies Boosts Price Target on BetterHelp

Teladoc Health’s (TDOC) shares rose nearly 12% on Tuesday after Jefferies raised its price target from $8 to$10 per share. Improving web traffic for BetterHelp, its mental health platform, was cited as the reason for the price target increase. Jefferies analyst team highlighted a 12% increase in BetterHelp's web traffic in July and August 2024, marking a huge reversal after a year of declines.Jefferies maintained a bullish stance on Teladoc, focusing on the BetterHelp brand's short-term potential while cau ...