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BUZZ-Street View: Mental health unit to weigh on Teladoc

Reuters
Feb 27
BUZZ-Street View: Mental health unit to weigh on Teladoc

** Telehealth company Teladoc Health TDOC.N late on Wednesday reported a wider loss and a disappointing forecast amid challenges at its mental health division BetterHelp

** Shares fell 13.38% to $9.51 in premarket trading

'2025 IMPORTANT FOR TURNAROUND'

** Leerink Partners ("Market Perform", PT: $10) says the biggest concern from the results is the lack of cost leverage expected for 2025, says this is an underlying challenge for BetterHelp in the direct-to-consumer market

** Jefferies ("Hold", PT: $10) says BetterHelp is expected to remain under pressure in 2025

** TD Cowen ("Hold", PT: $8)says expectations for BetterHelp were low, believes a path to turnaround the segment remains unclear

** J.P.Morgan ("Neutral")expects TDOC will remain an execution story in the eyes of investors, says 2025 is important for its turnaround

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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