Are telehealth stocks still a good investment?

As the coronavirus constrained the public’s ability to visit their doctors as normal, the telehealth industry quickly took flight. Shares of pure-plays Teladoc Health and Hims and Hers HIMS more than doubled from February 2020 into early 2021, while Massachusetts-based American Well capitalized on telehealth demand to stage a stellar IPO debut late in 2020, soaring nearly 50% on its first day of trading.