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Target Hospitality Stock Surges as Stifel Positions It as Indirect Data Center Play
Target Hospitality Stock Surges as Stifel Positions It as Indirect Data Center Play
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BTCCSquare news:
Target Hospitality (TH) shares jumped 6.5% after Stifel analyst Stephen Gengaro upgraded the stock to Buy, framing the temporary housing provider as an unconventional data center investment. The new $11 price target implies 36% upside potential.
Gengaro's thesis hinges on Target's ability to supply 5,000+ lodging units for data center construction crews—a critical bottleneck in the AI infrastructure boom. The 'back door' play avoids direct tech exposure while capitalizing on the sector's physical expansion needs.
Unlike traditional data center REITs, Target's modular housing solutions address the human element of infrastructure builds. This niche positioning comes as hyperscalers scramble to secure both silicon and labor for AI projects.
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