LandBridge Company LLC Class A ( (LB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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The recent selloff in LandBridge Company LLC Class A stocks was triggered by concerns over DeepSeek’s AI model. However, these worries are not expected to halt the power trade due to the ongoing demand prospects. Raymond James has raised its price target to $85, highlighting a solid quarter for midstream and a promising growth outlook. The analyst emphasizes that 2024 will be an important year for midstream suppliers, with strong balance sheets and reduced counter-party risk pointing to continued momentum into 2025.
More about LandBridge Company LLC Class A
YTD Price Performance: -0.94%
Average Trading Volume: 544,547
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $6.14B
For further insights into LB stock on TipRanks’ Stock Analysis page.
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