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Texas Capital Securities has reaffirmed a Buy rating and a target price of $390 for Texas Pacific Land Trust (NYSE: TPL) due to potential data center developments on its land in West Texas. Bolt Data and Energy is negotiating with Google for a large data center project, potentially utilizing TPL's resources.

TPL's impressive gross profit margin of 94.13% and strong financial health may lead to significant benefits from these opportunities. Additionally, TPL has announced a $50 million partnership with Bolt Data & Energy for substantial data center campuses.