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Trade Alert – Teladoc Health (TDOC)

by | May 20, 2020 | Daily Trade Alert

Fiverr (FVRR) has been one of the most explosive stocks for us.

Over the last few weeks, we’ve highlighted opportunity as it traded at $36.19 and again at $48.81. It’s now up to $64 a share in pre-market with further upside ahead, in our opinion.

If you bought in, congratulations. We’d love to hear how you’ve done with it.

As for new opportunities, Teladoc Health (TDOC) is still a solid opportunity.

As health professionals urge people to avoid in-person visits to doctors, telehealth has taken center stage. Better, the run may be far from over with demand picking up momentum.

Analysts at Forrester say virtual care visits could soar to one billion this year.

“Forrester also expects time and resource constraints to create a supply crisis for virtual care during the pandemic, especially as only 24 percent of US healthcare organizations (HCOs) had an existing virtual care program as of January 2020.”

Even better, the U.S. Department of Health and Human Services just awarded $20 million to help increase telehealth access. With plenty of momentum, we wouldn’t be shocked to see TDOC shares well above $200 shortly.

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