Tenet Healthcare Corporation (THC) Stock Analysis
Healthcare · Medical Care Facilities
Hold if already holding. Not a fresh buy at $184.28, but acceptable to hold if already in. Reasons: 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
Hold if already holding. Not a fresh buy at $184.28, but acceptable to hold if already in. Reasons: 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. Maintain position. Not compelling to add more. Score 6.1/10, moderate confidence.
Passes 5/6 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear). Fails on weak momentum. Suitability: moderate.
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
Hold if already holding. Not a fresh buy at $184.28, but acceptable to hold if already in. Reasons: 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. Maintain position. Not compelling to add more. Target $236.61 (+28.4%), stop $167.36 (−10.1%), A.R:R 3.2:1. Score 6.1/10, moderate confidence.
Take-profit target: $236.61 (+31.5% upside). Target $236.61 (+28.4%), stop $167.36 (−10.1%), A.R:R 3.2:1. Stop-loss: $167.36.
Concentration risk — Customer: managed care payers (70.0%); Concentration risk — Customer: top 10 managed care payers (69.0%); Leverage penalty (D/E 1.5): -0.5.
Tenet Healthcare Corporation trades at a P/E of 9.2 (forward 10.1). TrendMatrix value score: 7.9/10. Verdict: Hold.
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.