Is TPL stock a buy after KeyBanc’s US$639 target?

The call strengthens a constructive view, but valuation is demanding. We would treat TPL stock as a buy-on-dips idea, using staggered entries. Watch for evidence of new power easements, water contracts, and stable royalty volumes. Size positions modestly to manage volatility and U.S. dollar exposure.

How could Texas Pacific Land benefit from AI data centers?

AI data centers need land, high-voltage power, and reliable water. Texas Pacific Land can earn from utility and fiber easements, surface leases, and water services while still collecting energy royalties. If West Texas becomes an AI infrastructure hub, these income streams could scale and diversify cash flows for TPL stock.

What are the key risks for Canadian investors?

Main risks are high valuation, oilfield activity cycles, regulatory or environmental changes, water access, and execution on power and data-center easements. Currency adds another layer. Consider USD accounts to limit FX drag, and keep allocations moderate. Use risk controls such as stop-losses or staged buying for TPL stock.

When is the next catalyst for Texas Pacific Land?

The next scheduled catalyst is earnings on May 6, 2026. We will look for updates on easements tied to power buildouts, water-service volumes, capital allocation, and commentary on AI-related demand. Any progress here could support the KeyBanc thesis and influence near-term momentum in TPL stock.

Global Market Insights

TPL Stock Today: KeyBanc $639 Target Fuels AI Land Thesis – February 25

ByHuzaifa Zahoor February 26, 2026

TPL stock is in focus after KeyBanc analyst Tim Rezvan reaffirmed a Buy rating on Texas Pacific Land with a US$639 price target, flagging upside from AI data centers, power easements, and water services layered on energy royalties. We break down what this call means, today’s setup, and how Canadians can approach exposure. With a high-margin, low-debt model and strong momentum, Texas Pacific Land screens as a unique land, power, and water platform tied to Permian Basin growth.