Target Hospitality jumps after annual revenue forecast raise

** Shares of workforce accommodation company Target Hospitality TH.O rise 10.2% to $19.2 premarket

** TH raises FY26 revenue forecast to between $435 mln - $445 mln, up from prior forecast of $410 mln - $420 mln

** Co secures new multi-year contract to provide facility and hospitality services for a top-five hyperscaler's data center development in West Texas

** Expects the deal to generate about $250 mln revenue through August 2030

** In total, co has secured multi-year contract awards worth $1.7 bln across its rapidly expanding Workforce Hospitality Solutions (WHS) segment since start of 2026

** All six brokerages covering stock rate it "buy" or "higher"; median PT is $23.5 - LSEG data

** As of last close, stock has more than doubled YTD