UnitedHealth Group: Navigating Margin Recovery and Execution Risks

Wednesday, Dec 3, 2025 6:30 pm ET1min read
UNH--

UnitedHealth Group (UNH) has recovered 5% over the past 3 months after a bruising stretch. However, its one-year return remains negative for long-term holders. The stock's rebound has come after improved pricing discipline and faster margin restoration. Despite this, unexpected spikes in care utilization and execution risks around Medicare and CMS models could erode margin recovery. The narrative suggests UNH is undervalued with a fair value of $386.72.

UnitedHealth Group: Navigating Margin Recovery and Execution Risks

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