Teladoc: Bearish on American Mental Health? Bullish on TDOC
TDOC provides video therapy and telehealth services. They blew up their stock price buy wasting 12Bn on a useless acquisition because the executives got a bit too excited and horny to spend their cash during the COVID bubble. Nonetheless, revenues are linearly growing, and American mental health is in rapid, precipitous, unstoppable decline.
There is some concern that LLM's or AI will take away the market share for therapists and human therapy, but I think that actually, personally, AI interactions on a daily basis will make humans more willing to pay for the human interaction provided by Teladoc therapists, even if it is contrived.
Nonetheless, I'm a technical analyst first and foremost, there is a clear stop, we had the final rage sell already, and there is a clear mean reversion target on the recovery rally. I think it would be wise to have a TP1 at $80, but I am ultimately targeting 155 as laid out in the chart.
This is a $3.5Bn company so it's not as though this piece is a cheap pump.
There is some concern that LLM's or AI will take away the market share for therapists and human therapy, but I think that actually, personally, AI interactions on a daily basis will make humans more willing to pay for the human interaction provided by Teladoc therapists, even if it is contrived.
Nonetheless, I'm a technical analyst first and foremost, there is a clear stop, we had the final rage sell already, and there is a clear mean reversion target on the recovery rally. I think it would be wise to have a TP1 at $80, but I am ultimately targeting 155 as laid out in the chart.
This is a $3.5Bn company so it's not as though this piece is a cheap pump.
코멘트:
This idea was a miss. Closed at Stop.