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Thursday, April 30, 2020

BofA cautions on Teladoc on potential competitive encroachment

In a note, Bank of America analyst Allen Lutz (Neutral/$194) warns clients that Teladoc’s (TDOC -6.2%) potential reach in the academic medical center market may be constrained after software developer Epic Systems chose Twilio (TWLO +2.3%) to power its telehealth app.
Shares are under pressure despite the company’s bullish forecast on revenue and visits.
https://seekingalpha.com/news/3567051-bofa-cautions-on-teladoc-on-potential-competitive-encroachment

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