KeyBanc says this Texas land owner could be an AI

KeyBanc Capital Markets sees a rosy outlook ahead for Texas Pacific Land . The bank initiated coverage of the Texas land and royalty interests owner at an overweight rating. Analyst Tim Rezvan also set a price target of $1,050, which implies upside of 23%. Texas Pacific Land generates its revenue primarily from oil, natural gas and water royalties, Rezvan wrote. He believes that the company's significant footprint of over 882,000 acres and quality position it well for future market opportunities in the west Texas landscape. TPL YTD mountain TPL YTD chart "In a literal sense, TPL sits at the crossroads of traditional oil and gas activity and the imminent data center and power gen buildout occurring in West Texas and collects oil and gas, water or surface royalties from much of the activity