Texas Capital Maintains Buy Rating for Texas Pacific Land Trust Amid Data Center Developments
Texas Capital Securities has reaffirmed a Buy rating and a target price of $390 for Texas Pacific Land Trust (NYSE: TPL) due to potential data center developments on its land in West Texas. Bolt Data and Energy is negotiating with Google for a large data center project, potentially utilizing TPL's resources. TPL's impressive gross profit margin of 94.13% and strong financial health may lead to significant benefits from these opportunities. Additionally, TPL has announced a $50 million partnership with Bolt Data & Energy for substantial data center campuses.
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Texas Capital Securities has confirmed a Buy rating and a target price of $390 for Texas Pacific Land Trust (NYSE: TPL) following reports of potential data center developments in West Texas. Bolt Data and Energy is reportedly negotiating with Google for a project involving a commitment of 250 MW, utilizing TPL's land for essential resources.
TPL's gross profit margin stands at 94.13%, and it has maintained a strong financial rating. Investors have reacted positively, with TPL shares up 11.42% in the last week and 30.79% over six months. The company has also entered a $50 million partnership with Bolt Data & Energy for data center projects and announced a three-for-one stock split effective December 22, 2025.
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