Goldman Sachs analyst John Mackay maintained a Buy rating on LandBridge Company LLC Class A yesterday and set a price target of $84.00.

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John Mackay has given his Buy rating due to a combination of factors that point to solid near-term and full-year performance for LandBridge. He anticipates a meaningful rebound in second-quarter EBITDA, driven by normalized commercial activity, seasonally stronger produced water volumes, and better commodity pricing, with 2026 EBITDA expected to align with both company guidance and market consensus.

He also sees structural growth drivers that can enhance per-acre revenue across the company’s footprint, including new commercial deals on recently acquired acreage, progress on the Permian data center initiative, and prospective valuation and liquidity benefits from a planned C-corp conversion. With these operating and strategic tailwinds in place, he maintains his Buy rating and keeps the price target unchanged at $84, reflecting confidence in continued earnings momentum and upside potential.

In another report released on July 2, Wells Fargo also maintained a Buy rating on the stock with a $92.00 price target.