Target Hospitality Shares Climb as Company Raises Full-Year Revenue Guidance

Dow Jones

05/11

By Christopher Kuo

Target Hospitality shares climbed after the company raised its full-year outlook for revenue and said it has a new multi-year contract that will generate more than $750 million in revenue.

Shares of the rental and hospitality services company rose 13% to $17.39. The stock reached a three-year high of $17.74 Monday.

The company on Monday increased its full-year outlook for 2026. It now expects revenue between $370 million and $380 million, up from previous guidance of $360 million to $370 million. Analysts expect $365.6 million.

The company on Monday also said it was awarded a 48-month contract in May to provide workforce accommodations and hospitality solutions for more than 3,000 people supporting artificial intelligence infrastructure development.

The company posted a first-quarter loss of $12.9 million, or 13 cents a share, compared with a loss of $6.5 million, or seven cents a share, a year earlier.

Revenue rose to $72.8 million from $69.9 million a year earlier. Analysts polled by FactSet expected revenue of $73.2 million.

Write to Christopher Kuo at chris.kuo@wsj.com

(END) Dow Jones Newswires

May 11, 2026 11:00 ET (15:00 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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The stock reached a three-year high of $17.74 Monday. \n</p>\n<p>\n  The company on Monday increased its full-year outlook for 2026. It now expects revenue between $370 million and $380 million, up from previous guidance of $360 million to $370 million. Analysts expect $365.6 million. \n</p>\n<p>\n  The company on Monday also said it was awarded a 48-month contract in May to provide workforce accommodations and hospitality solutions for more than 3,000 people supporting artificial intelligence infrastructure development. \n</p>\n<p>\n  The company posted a first-quarter loss of $12.9 million, or 13 cents a share, compared with a loss of $6.5 million, or seven cents a share, a year earlier. \n</p>\n<p>\n  Revenue rose to $72.8 million from $69.9 million a year earlier. Analysts polled by FactSet expected revenue of $73.2 million. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Christopher Kuo at chris.kuo@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2026 11:00 ET (15:00 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TH","symbol_name":"Target Hospitality Corp.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2634647238","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2634647238","pubTimestamp":1778511600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Target Hospitality shares climbed after the company raised its full-year outlook for revenue and said it has a new multi-year contract that will generate more than $750 million in revenue.Shares of the rental and hospitality services company rose 13% to $17.39. 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