Piper Sandler lowered the firm’s price target on LandBridge (LB) to $70 from $79 and keeps a Neutral rating on the shares. The firm says the company’s Q4 earnings call reminded everyone the near-term earnings growth will likely come from traditional surface deals like water and solar, while data centers, which are driving the stock’s premium valuation, are longer-term investments.
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Read More on LB:
- LandBridge price target raised to $82 from $80 at Wells Fargo
- LandBridge Company Reports Strong Revenue Growth in 2024
- LandBridge Company LLC Reports Strong Q4 2024 Growth
- LandBridge reports Q4 revenue $36.5M, consensus $38.27M
- LandBridge still sees FY25 adjusted EBITDA $170M-$190M vs. $97.1M in FY24
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