Fly News Breaks for December 6, 2019
TDOC
Dec 6, 2019 | 07:57 EDT
As previously reported, Jefferies analyst David Windley downgraded Teladoc to Hold from Buy with an unchanged price target of $80. Revenue growth is Teladoc's "most important metric" and he sees risk that the current consensus organic growth forecast for FY20 of 25% could be difficult to achieve given it is based on high expectations for paid-member growth and he sees an increasingly aggressive competitive landscape, Windley tells investors. He also believes management is likely to be conservative with FY20 guidance, Windley noted.
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