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LBBullishAnalyst Ratingnews
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LandBridge's Dual Strategy: Tapping 'Delaware Basin Today, Tech Play Tomorrow'

Jul 23, 2024, 12:51 PM EDT1 sourcesAI-analyzed

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LB shares fell 2.20% to $28.85 on Tuesday. Goldman Sachs initiated coverage with a Buy rating and $35 target. Unique business model allows high free cash flow conversion. Potential growth in produced water and data center markets identified. Piper Sandler set a Neutral rating with a $30 price target.

  • LB shares fell 2.20% to $28.85 on Tuesday.
  • Goldman Sachs initiated coverage with a Buy rating and $35 target.
  • Unique business model allows high free cash flow conversion.
  • Potential growth in produced water and data center markets identified.
  • Piper Sandler set a Neutral rating with a $30 price target.

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