Shares of digital medical services platform Teladoc Health (NYSE: TDOC) jumped 11.3% in afternoon trading after the company announced its virtual care services are now available through Walmart’s Better Care Services platform.
The collaboration makes Teladoc’s suite of offerings, including virtual urgent care, dermatology, and nutrition services, accessible to Walmart’s customers across the United States.
The partnership brings together America’s largest retailer and a major virtual care provider with the stated goal of expanding convenient and affordable healthcare access.
Services are available through both insurance and direct cash-pay options, potentially reaching millions of new customers and creating a significant new growth channel for Teladoc.
Teladoc’s shares are considered extremely volatile, having recorded 36 moves greater than 5% over the last year, though analysts note moves of this magnitude remain rare even by the company’s standards.
The latest surge follows a 7.1% gain recorded 27 days prior, which came after an analyst raised the stock’s price target to $9.00 from $8.25 while maintaining a Buy rating.
That earlier price target increase was driven by expectations that BetterHelp, Teladoc’s mental health service, is transitioning to insurance coverage more quickly than previously anticipated.
BofA Securities expressed the view that this shift toward insurance coverage will lead to stronger profit margins for the company going forward.
Although BetterHelp’s most recent earnings missed expectations, BofA Securities characterized the shortfall as a positive indicator that the transition to insurance is in fact accelerating, which it considers a favorable development for Teladoc’s financial performance.
Teladoc is up 7% since the beginning of the year, but at $7.55 per share, it remains 20.2% below its 52-week high of $9.46 reached in October 2025.
Despite the year-to-date gain, investors who purchased $1,000 worth of Teladoc shares five years ago would currently be holding a position worth only $50.11.
