Target Hospitality Amends Credit Facility to Support Growth

An announcement from Target Hospitality ( (TH) ) is now available.

On December 23, 2025, Arrow Bidco, LLC and other Target Hospitality subsidiaries executed a sixth amendment to their existing asset-based lending credit agreement with a syndicate of lenders led by Bank of America, N.A., adjusting the Consolidated Fixed Charge Coverage Ratio covenant applicable in calendar year 2026. The revision is intended to give Target Hospitality greater flexibility in the timing of capital expenditures for planned growth projects during 2026, and the company reported that it remained in compliance with all financial covenants under the credit facility as of the date of the amendment, suggesting continued lender support and financial capacity to pursue its expansion plans.

The most recent analyst rating on (TH) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Target Hospitality stock, see the TH Stock Forecast page.

Spark’s Take on TH Stock

According to Spark, TipRanks’ AI Analyst, TH is a Neutral.

Target Hospitality’s overall score reflects strong cash flow and strategic contract wins, which are offset by profitability challenges and valuation concerns. The earnings call provided a positive outlook with significant new contracts, but technical indicators suggest bearish momentum.

To see Spark’s full report on TH stock, click here.

More about Target Hospitality

Target Hospitality Corp., through subsidiaries such as Arrow Bidco, LLC, operates in the hospitality and accommodations sector, focusing on providing specialized lodging and related services that support large-scale, often project-based operations, including workforce and infrastructure-related housing solutions.

Average Trading Volume: 432,049

Technical Sentiment Signal: Buy

Current Market Cap: $846.1M

See more data about TH stock on TipRanks’ Stock Analysis page.