Tenet Healthcare Corporation (THC) Stock Analysis
Healthcare · Medical Care Facilities
Wait for pullback to $175.13. Weak momentum — blocks BUY_NOW at $175.31. Engine's entry $175.13 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: managed care payers (70.0%); Concentration risk — Customer: top 10 managed care payers (69.0%).
Tenet Healthcare operates 50 acute care hospitals and 533 ambulatory surgery centers (via USPI) across eight states, organized into Hospital Operations and Ambulatory Care segments. Revenue is derived primarily from managed care payers (~70% of Hospital Operations net patient... Read more
Wait for pullback to $175.13. Weak momentum — blocks BUY_NOW at $175.31. Engine's entry $175.13 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: managed care payers (70.0%); Concentration risk — Customer: top 10 managed care payers (69.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Earnings in 0 days. Wait until post-earnings. Score 5.9/10, moderate confidence.
Passes 4/6 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, semi cycle peak clear). Fails on weak momentum and earnings proximity 0d<=7d. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomermanaged care payers70%10-K Item 1A: 'approximately 70%, or $9.696 billion, of our net patient service revenues...was attributable to managed care payers'
- HIGHCustomertop 10 managed care payers69%10-K Item 1A: 'our top 10 managed care payers generated 69% of our managed care net patient service revenues for the year ended December 31, 2025'
Material Events(8-K, last 90d)
- 2026-04-10Item 5.02MEDIUMPaola Arbour (EVP and CIO) to retire effective December 31, 2026; will remain employed part-time through April 1, 2028 for transition services. No successor named. Retirement agreement includes continued vesting of equity and participation in benefits.SEC filing →
- 2026-03-30Item 5.02MEDIUMR. Scott Ramsey (SVP & Controller/Principal Accounting Officer) retiring April 30, 2026. Successor named: J. Michael Grooms appointed SVP & Controller effective April 6, 2026, to become PAO effective May 1, 2026. Previously served as Chief Accounting Officer at Lifepoint Health.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Wait for pullback to $175.13. Weak momentum — blocks BUY_NOW at $175.31. Engine's entry $175.13 (Support Atr Sticky) is the shallowest technical level that clears the 2:1 A.R:R minimum. Key risks: Concentration risk — Customer: managed care payers (70.0%); Concentration risk — Customer: top 10 managed care payers (69.0%). Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Earnings in 0 days. Wait until post-earnings. Target $236.61 (+35.0%), stop $158.03 (−10.9%), Setup A.R:R 6.5:1. Score 5.9/10, moderate confidence.
Take-profit target: $236.61 (+35.2% upside). Target $236.61 (+35.0%), stop $158.03 (−10.9%), Setup A.R:R 6.5:1. Stop-loss: $158.03.
Concentration risk — Customer: managed care payers (70.0%); Concentration risk — Customer: top 10 managed care payers (69.0%); Leverage penalty (D/E 1.6): -1.0.
Tenet Healthcare Corporation trades at a P/E of 11.6 (forward 10.3). TrendMatrix value score: 7.7/10. Verdict: Buy (Wait for Entry).
28 analysts cover THC with a consensus score of 4.1/5. Average price target: $263.
What does Tenet Healthcare Corporation do?Tenet Healthcare operates 50 acute care hospitals and 533 ambulatory surgery centers (via USPI) across eight states,...
Tenet Healthcare operates 50 acute care hospitals and 533 ambulatory surgery centers (via USPI) across eight states, organized into Hospital Operations and Ambulatory Care segments. Revenue is derived primarily from managed care payers (~70% of Hospital Operations net patient revenues), with Medicare at 15% and Medicaid at 11%; Tenet also provides revenue cycle management through Conifer Health Solutions.