Target Hospitality Jumps As Data Center Boom Fuels Demand For Worker Camps
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Target Hospitality shares surged nearly 10% in premarket trading after securing a 48-month contract worth up to $750 million to provide mobile housing solutions for workers at data center construction sites. The company has announced over $1.4 billion in multi-year contracts this year, reflecting strong demand driven by the data center boom. CEO Brad Archer highlighted the company's growth momentum and increased revenue visibility, with a total of over $2 billion in contracts since February 2025. Target's stock has risen 91% year-to-date, indicating robust market confidence in its services.
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