Target Hospitality climbs after lifting FY26 revenue forecast

ReutersMay 11, 2026 11:51 AM

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Shares of workforce accommodation company Target Hospitality TH.O up 10.2% at $16.90 premarket

Firm raises FY 26 revenue forecast to between $370 mln and $380 mln from $320 mln to $330 mln

CEO Brad Archer points to strong contract wins, says Target has secured “more than $2.0 billion of multi‑year contracts… meaningfully enhancing revenue visibility”

Company also announces a new multi-year contract expected to generate over $750 million of revenue supporting a vertically integrated AI infrastructure development

However, it reports Q1 revenue of $72.8 mln, missing analysts' estimate of $73.2 mln - LSEG data

As of last close, TH stock up 91.3% YTD

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