Analyst Sentiment on Targa Resources (TRGP) Strengthens Following Recent Analyst Updates

robot
Abstract generation in progress

Analyst Sentiment on Targa Resources (TRGP) Strengthens Following Recent Analyst Updates

Faheem Tahir

Thu, February 12, 2026 at 4:26 AM GMT+9 2 min read

In this article:

TRGP

+2.34%

Targa Resources Corp. (NYSE:TRGP) is included in the list of the best performing S&P 500 stocks in the last five years.

Targa Resources Corp. (NYSE:TRGP)

With Targa Resources Corp. (NYSE:TRGP) shares trading near consensus valuation levels, analyst updates continued to pile up through the end of January.

With a $213.00 consensus price target indicating a 3.60% upside as of February 6, 2026, over 90% of analysts covering Targa Resources Corp. (NYSE:TRGP) remain bullish. This sets the context for incremental revisions rather than broad re-ratings.

First, Morgan Stanley raised its price target on Targa Resources Corp. (NYSE:TRGP) to $266 from $264 on January 28, 2026, while maintaining an ‘Overweight’ rating. The update came as the firm revised price targets across its North American Midstream & Renewable Energy Infrastructure coverage. The firm cited a strong start to earnings season, noting that the energy sector continues to drive S&P 500 performance despite stable commodity prices.

Secondly, on January 16, 2026, Scotiabank raised its target on Targa Resources Corp. (NYSE:TRGP) from $199 to $224 while keeping its ‘Outperform’ rating. The firm attributed the increase in target to tailwinds from LNG exports and growing power demand, which it believes are creating more opportunities and an upward bias in long-term estimates.

Targa Resources Corp. (NYSE:TRGP), a midstream energy company, provides natural gas gathering, processing, transportation, and NGL logistics services to support U.S. production, power demand, and LNG export growth.

While we acknowledge the potential of TRGP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: What Are the Best Stocks to Buy Right Now? and 10 Stocks Under $1 That Will Explode.

Disclosure: None.

Terms and Privacy Policy

Privacy Dashboard

More Info

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)