Posted 2/21/2024, 6:54:28 PM
Teladoc Posts Mixed Q4 Results; Guides Lower for 2024 Amid Analyst Uncertainty
- Revenue grew 4% year-over-year in Q4 2023, but guidance for Q1 2024 and full year 2024 disappointed investors
- Adjusted EBITDA increased 22% year-over-year in Q4 2023 to $114.4 million
- Net loss narrowed significantly from $3.81 billion in Q4 2022 to $28.9 million in Q4 2023
- Guidance calls for weaker revenue and wider losses in Q1 2024 and full year 2024 compared to expectations
- Analysts have mixed opinions, with 3 Buys and 6 Holds; average price target implies 58% upside potential