Tenet Healthcare: Mixed Short-Term Returns and Strong Multi-Year Performance

Tenet Healthcare (THC) has shown mixed returns over the past week, month, and three months, despite a strong one-year total return of 31.51%. The stock has a strong 3-year total shareholder return of over 2.5x, indicating long-term momentum. The company's shift towards outpatient care and higher margins is expected to drive growth, but high debt levels and potential reimbursement changes pose risks. The most followed narrative estimates a fair value of $270.00, suggesting the stock is undervalued.