LandBridge price target raised to $79 from $39 at Piper Sandler

Piper Sandler raised the firm’s price target on LandBridge (LB) to $79 from $39 and keeps a Neutral rating on the shares. The firm notes LandBridge’s acquisition spree continues, as management seeks to capitalize on the AI-powered hunger for data centers, enhanced by its premium valuation that makes such investments accretive.