Tdoc stock price forecast shows an upward bias in Q3 2024

TDOC stock price forecast shows an upward bias in Q3 2024 trading, with analysts expecting a range between $17.80 – $20. PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here . Then came the normalization period as COVID restrictions eased by the end of 2021 and the start of 2022. The company continued to lose massive amounts of money after hitting a $47 million profit in Q2 2021. Manufacturing issues and supply chain disruptions led to long shipping delays and backlogs, which strained customer demand. As people returned to gyms, demand collapsed. Peloton shares fell to a low of $2.70 in May of 2024. Market strategists emphasize that TDOC stock price forecast gains support from continued subscription growth in chronic care management, a segment expected to expand 9% annually across the telehealth industry.