Target Hospitality Sees 36.4% Jump, But Can It Sustain Momentum?

Target Hospitality (TH) shares rose 36.4% to $12.66 after a transformative $550 million multi-year contract with a top-five hyperscaler. The deal includes $20 million to $40 million in potential annual variable revenue. The company has raised its 2026 revenue guidance to $360 million to $370 million and its Adjusted EBITDA outlook to $70 million to $80 million.