In a recently published report, Gotham City Research says it believes 16%-55% of LandBridge (LB) revenues are “artificially boosted by related parties, so that insiders can sell LB stock.” Further, the report reads that, ” We believe false and/or misleading claims have boosted the stock since its IPO on June 28, 2024. We estimate shares are worth no more $5 to $24 per share implying 53-89% downside to the current share price… Recent RRC guideline changes, effective June 1 2025, will pressure LB’s revenue growth, per our assessment.” Shares of LandBridge have dropped about 6% and are trading at $49.70 on Thursday.
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