Why Texas Pacific Land Corporation (TPL) Is In Focus

Texas Pacific Land Corporation (NYSE:TPL) is among the 10 Best Performing S&P 500 Stocks in the Last 2 Years.

Why Texas Pacific Land Corporation (TPL) Is In Focus

On February 23, KeyBanc lifted the price target on Texas Pacific Land Corporation (NYSE:TPL) to $639 from $350 and maintained an Overweight rating. Analyst Tim Rezvan from KeyBanc highlighted the water segment’s solid dynamics, as well as meaningful developments in power generation and data center opportunities.

While noting a 30-plus-gigawatt Permian power generation build-out, the firm said that power and data center build-outs are now seen as matters of timing rather than probability. The firm added that the development seems closer to materializing than previously thought. Texas Pacific Land Corporation (NYSE:TPL) is well-positioned from both land and water aspects, KeyBanc asserted, suggesting additional upside potential.

As outlined by Texas Pacific Land Corporation (NYSE:TPL) during its earnings call on February 19, the company aims for capital expenditures for the year in the range of $65 million to $75 million. The company plans to sustain its investments in water management and desalination technologies, with a long-term goal of building multiple multi-gigawatt energy campuses.

Texas Pacific Land Corporation (NYSE:TPL), founded in 1888, is a Texas-based company specializing in land and resource management, water services, and operations businesses.

While we acknowledge the potential of TPL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TPL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None. Follow Insider Monkey on Google News.