Why Teladoc Stock Jumped on Friday

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The stock's gain was likely due to an analyst's move to start coverage on the stock with a buy rating and a price target well above where shares of the growth stock are trading today. Goldman Sachs analyst Cindy Motz thinks Teladoc is well positioned for the ongoing digitalization of healthcare. The analyst's bullish note comes ahead of Teladoc's fourth-quarter earnings report later this month.

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