Targa Resources (NYSE:TRGP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Targa Resources (NYSE:TRGP) had its price target boosted by investment analysts at Wells Fargo & Company from $207.00 to $248.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the pipeline company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 7.68% from the company’s previous close.

Several other brokerages also recently weighed in on TRGP. Wall Street Zen downgraded Targa Resources from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings upgraded Targa Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, January 29th. Royal Bank Of Canada raised their price target on shares of Targa Resources from $213.00 to $218.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. BMO Capital Markets restated an “outperform” rating and issued a $241.00 price objective on shares of Targa Resources in a research report on Friday. Finally, The Goldman Sachs Group restated a “buy” rating and set a $196.00 price target on shares of Targa Resources in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.00.

Targa Resources Stock Performance

NYSE:TRGP traded up $6.16 during midday trading on Friday, hitting $230.32. The company’s stock had a trading volume of 805,297 shares, compared to its average volume of 1,344,868. Targa Resources has a fifty-two week low of $144.14 and a fifty-two week high of $232.86. The company has a debt-to-equity ratio of 5.91, a current ratio of 0.77 and a quick ratio of 0.61. The firm has a market cap of $49.44 billion, a P/E ratio of 30.56, a P/E/G ratio of 0.98 and a beta of 0.88. The firm’s 50 day moving average is $193.52 and its 200-day moving average is $175.04.

Targa Resources (NYSE:TRGP) last announced its quarterly earnings data on Thursday, February 19th. The pipeline company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.35 by $0.16. Targa Resources had a net margin of 9.35% and a return on equity of 51.87%. The business had revenue of $4.06 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Equities analysts anticipate that Targa Resources will post 8.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Targa Resources

In other news, insider Gerald R. Shrader sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $181.21, for a total transaction of $498,327.50. Following the completion of the sale, the insider owned 29,561 shares in the company, valued at $5,356,748.81. This trade represents a 8.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Targa Resources

A number of institutional investors have recently modified their holdings of TRGP. Olistico Wealth LLC purchased a new position in Targa Resources during the 4th quarter valued at about $27,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Targa Resources during the fourth quarter worth about $27,000. Miller Capital Partners Inc. acquired a new stake in shares of Targa Resources during the fourth quarter worth about $30,000. Leonteq Securities AG purchased a new position in shares of Targa Resources in the fourth quarter valued at approximately $31,000. Finally, Peoples Financial Services CORP. acquired a new position in shares of Targa Resources in the third quarter valued at approximately $34,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Targa Resources

Here are the key news stories impacting Targa Resources this week:

• Positive Sentiment: Q4 EPS beat — Targa reported $2.51 EPS vs. consensus $2.35, with strong return on equity (51.9%) and improved margins, which supports higher valuation multiple and investor optimism. View Press Release
• Positive Sentiment: Record results and bullish 2026 outlook — Company announced record Q4 and full‑year 2025 results and provided guidance targeting a record 2026, which likely lifted investor forward expectations. GlobeNewswire Results Release
• Positive Sentiment: Dividend hike announced alongside record results — The dividend increase reinforces cash generation and shareholder return priorities, supporting sentiment among income-focused investors. TipRanks Dividend Article
• Positive Sentiment: Core profit and volume strength — Reuters notes adjusted core profit beat estimates driven by higher gas and NGL transport volumes, supporting operating leverage. Reuters Coverage
• Neutral Sentiment: Form 10‑K filed — 2025 Form 10‑K is now available, providing full disclosures (useful for fundamental review but not an immediate catalyst). 10-K Filing Notice
• Neutral Sentiment: Earnings call materials and transcript available — Management commentary and the slide deck are posted (important for color on 2026 guidance and capex but informational). View Slide Deck Listen to Conference Call
• Neutral Sentiment: Analyst notes and metric deep dives — Coverage (Zacks, Seeking Alpha) breaks down key metrics vs. estimates; useful for modeling but not an immediate market mover. Zacks Analysis
• Negative Sentiment: Revenue slightly missed — Revenue came in at $4.06B vs. Street ~$4.12B, a small topline miss that tempers the beat and could concern growth-focused investors. Investing.com Revenue Coverage

About Targa Resources

Targa Resources Corporation (NYSE: TRGP) is a U.S.-focused midstream energy company that provides gathering, processing, transportation, storage and marketing services for natural gas, natural gas liquids (NGLs), and condensate. Its operations span the midstream value chain, including gas gathering systems that collect production from wells, processing plants that separate and recover NGLs and other hydrocarbons, fractionation and purification facilities that prepare NGLs for market, and pipeline and terminal assets that move and store products for producers, refiners and other customers.

The company operates a network of pipelines, processing plants, fractionators and storage facilities that serve producers and consumers across major U.S.