Piper Sandler raised the firm’s price target on LandBridge (LB) to $79 from $39 and keeps a Neutral rating on the shares. The firm notes LandBridge’s acquisition spree continues, as management seeks to capitalize on the AI-powered hunger for data centers, enhanced by its premium valuation that makes such investments accretive.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LB: