AMN Healthcare (AMN) is down more than 50% since Tom Tobin made his short call in 2022.

Hedgeye’s veteran Healthcare analyst added AMN to his "Best Idea" Short list when the stock price was at $120. Today, with shares hitting a recent low of $55, he's flipping from bearish to bullish on the healthcare staffing and recruiting agency.

“This has been a fantastic short,” said Hedgeye CEO Keith McCullough. “If this can go bullish TRADE, and you’re not bearing on the research side anymore, then I’d be long it.”

“What you’ll see over the next 12 to 24 months is an inflection," Tobin predicts. "Or at least a bottoming and an inflection."

Tobin is hosting a Black Book presentation Tuesday on AMN to give his subscribers the full rundown and outlook for the stock.

To get access, CLICK HERE.

Will you ride this cyclical stock back up with our Health Care team? Click above for the full video and Tobin’s price target for AMN’s next cycle.