Target Hospitality (TH) PT Raised to $26 at Stifel on Bullish Outlook Post Data Center Contract

Stifel analyst Stephen Gengaro raised the price target on Target Hospitality (NASDAQ: TH) to $26.00 (from $23.00) while maintaining a Buy rating.

The analyst commented, "Following TH's new data center contract that we discussed in a note titled New data center award, supports our bullish outlook, Reiterate Buy We are raising our 2026-28E adjusted EBITDA forecasts to $108.2 million, $247.6 million, and $303.6 million from $83.8 million, $203.7 million, and $266.7 million respectively. We believe TH remains very well positioned to secure additional awards, which is supported by management maintaining its 20,000 bed opportunity pipeline. We reiterate our Buy and are boosting our target price to $26 from $23 based on our sum-of-the-parts analysis using projected 2028 EBITDA."

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