Targa Resources price target raised to $328 from $303 at BMO Capital
BMO Capital raised the firm’s price target on Targa Resources (TRGP) to $328 from $303 and keeps an Outperform rating on the shares as part of a broader research note…
Fiscal Year: January - December
Targa Resources Corp. (TRGP), listed on the NYSE, has a market capitalization of $63.39B. As of Oct 22, 2026, the stock is trading at $295.60 per share@else an unavailable price , offering investors a clear view of its current market value. Targa Resources Corp. is a prominent player in the industry sector, attracting both institutional and retail investors due to its performance and potential.
With a P/E ratio of 28.25, investors can assess the stock's valuation in comparison to its earnings. A P/E ratio is a crucial indicator for value investors, showing whether the stock is over or undervalued relative to its current earnings. Targa Resources Corp. also offers a dividend yield of 1.69%, making it an attractive option for income-focused investors who seek regular dividends.
Our Discounted Cash Flow (DCF) analysis reveals that Targa Resources Corp. (TRGP) has a DCF fair value that is only shown to premium members. To see it, please Login or Upgrade for access.
The proprietary SS Score for Targa Resources Corp. is a unique metric that analyzes the company's financial health and growth potential. The score takes into account critical factors such as revenue growth, net income, free cash flow (FCF) compound annual growth rate (CAGR), the trend of shares outstanding, and the debt-to-FCF ratio. This helps investors to make a more informed decision, as an undervalued stock might still have poor financial fundamentals.
To view the detailed SS Score for Targa Resources Corp., Login or Upgrade for access.
The Price to Free Cash Flow (P/FCF) ratio for Targa Resources Corp. is 85.55, offering insights into how much investors are paying for the company's free cash flow. A lower P/FCF ratio typically suggests that the stock is undervalued, while a higher ratio may indicate overvaluation.
In summary, Targa Resources Corp. (TRGP) has shown consistent financial performance, as illustrated by the financial charts above, which track its revenue growth, net income, free cash flow, and shares outstanding over the past several years. These metrics provide investors with key insights into the company's past and projected future performance. Investors should use the SS Score alongside the DCF Fair Value to make better-informed decisions about whether to buy or hold the stock.
*This analysis is for informational purposes only and does not constitute investment advice. Always read the company's 10-K filings and do your own research before making any investment decisions.
Whether Targa Resources Corp. (TRGP) is a good stock to buy depends on various factors, including its financial health, market conditions, and your investment strategy. It is important to assess the SS Score and review the company's fundamentals before making any investment decisions.
The fair value of Targa Resources Corp. (TRGP) is determined through our Discounted Cash Flow (DCF) analysis. This value represents the intrinsic worth of the stock based on its expected future cash flows. To view the specific fair value, consider subscribing to our service for complete access.
The SS Score is a proprietary financial quality metric that assesses factors such as revenue growth, net income, free cash flow growth, and debt levels. It helps investors evaluate the overall financial health of Targa Resources Corp.. To access the full SS Score, consider upgrading your subscription.
Targa Resources Corp. is a significant player in the industry sector, with a market capitalization of $63.39B and a competitive P/E ratio of 28.25. Investors should compare these metrics with industry peers to gauge whether Targa Resources Corp. is outperforming or underperforming within its sector.
BMO Capital raised the firm’s price target on Targa Resources (TRGP) to $328 from $303 and keeps an Outperform rating on the shares as part of a broader research note…
Raymond James raised the firm’s price target on Targa Resources (TRGP) to $340 from $335 and keeps a Strong Buy rating on the shares. Targa’s leading Permian G&P position, long-term…
TD Cowen lowered the firm’s price target on Targa Resources (TRGP) to $345 from $350 and keeps a Buy rating on the shares. The firm adjusted targets in the midstream…
Scotiabank raised the firm’s price target on Targa Resources (TRGP) to $319 from $314 and keeps an Outperform rating on the shares. The firm is updating its price targets for…
Jefferies analyst Julien Dumoulin-Smith lowered the firm’s price target on Targa Resources (TRGP) to $326 from $345 and keeps a Buy rating on the shares as part of a Q3…
BofA raised the firm’s price target on Targa Resources (TRGP) to $330 from $300 and keeps a Buy rating on the shares as part of a midstream earnings preview. Published…
HOUSTON, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa", the "Company", or "our") announced today that our board of directors has declared a quarterly cash dividend of $...
Goldman Sachs analyst John Mackay raised the firm’s price target on Targa Resources (TRGP) to $322 from $310 and keeps a Buy rating on the shares ahead of its Q3…
Citi analyst Spiro Dounis raised the firm’s price target on Targa Resources (TRGP) to $325 from $303 and keeps a Buy rating on the shares as part of a Q3…
Stifel lowered the firm’s price target on Targa Resources (TRGP) to $335 from $340 and keeps a Buy rating on the shares after updating estimates on covered midstream companies ahead…
Over the past decade, the North American midstream universe has undergone a significant transformation. This has been driven in large part by companies' increased free cash flow generation.
Barclays raised the firm’s price target on Targa Resources (TRGP) to $294 from $284 and keeps an Overweight rating on the shares. The company continues to benefit from “supportive” Permian…
ProPetro Holding (PUMP) announced that its PROPWR business unit has entered into new contracts with a subsidiary of Targa Resources Corp. (TRGP) for which PROPWR will commit approximately 230 megawatt...
MIDLAND, Texas--(BUSINESS WIRE)--PROPWR Signs New Power Contracts to Commit Approximately 230 Megawatts to Targa Resources Corp.
Truist raised the firm’s price target on Targa Resources (TRGP) to $345 from $312 and keeps a Buy rating on the shares. The firm is updating its estimates to reflect…
TD Cowen upgraded Targa Resources (TRGP) to Buy from Hold with a price target of $350, up from $275. TD names Targo its top midstream pick. The company is well…
HOUSTON, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Targa Resources Corp. (NYSE: TRGP) ("Targa", the "Company", or “our”) announced today that our Sustainability Report for 2025 is now available on the Compan...
Morgan Stanley raised the firm’s price target on Targa Resources (TRGP) to $359 from $343 and keeps an Overweight rating on the shares. Estimates over multiple years remain too low,…
Mizuho analyst Gabriel Moreen raised the firm’s price target on Targa Resources (TRGP) to $320 from $300 and keeps an Outperform rating on the shares. The firm upped the company’s…
Scotiabank analyst Brandon Bingham raised the firm’s price target on Targa Resources (TRGP) to $314 from $257 and keeps an Outperform rating on the shares. The firm is updating its…
Stifel resumed coverage of Targa Resources (TRGP) with a Buy rating and $340 price target While the firm acknowledges significant appreciation with shares up about 60% year-to-date, Targa maintains pe...
Wells Fargo analyst Praneeth Satish raised the firm’s price target on Targa Resources (TRGP) to $324 from $282 and keeps an Overweight rating on the shares. On August 17, Targa…
As noted last week, midstream MLPs and corporations broadly raised full-year financial guidance following a strong second quarter. Looking ahead, the sector's growth runway is accelerating.
Midstream MLPs and corporations generally posted strong second-quarter earnings, benefiting from record volume throughput, strong margins, and robust demand for natural gas and natural gas liquids (NG...
Projected from reported cash flow (SEC filings). The starting point is the latest yearly revenue times the median free cash flow margin of the last five years. Years 1 to 5 grow at the revenue growth rate of the last five years (between -5% and 15%), and years 6 to 10 slow down to the 2.5% perpetual growth rate. These are Studying Stocks' own estimates, not analyst forecasts, and are intended for educational purposes only as a baseline for the analysis.
| Year | FCF Estimate | % | Source |
|---|---|---|---|
| 2026 | 979.14M | 15.00% | Projected |
| 2027 | 1,126.01M | 15.00% | Projected |
| 2028 | 1,294.91M | 15.00% | Projected |
| 2029 | 1,489.14M | 15.00% | Projected |
| 2030 | 1,712.52M | 15.00% | Projected |
| 2031 | 1,926.58M | 12.50% | Projected |
| 2032 | 2,119.24M | 10.00% | Projected |
| 2033 | 2,278.18M | 7.50% | Projected |
| 2034 | 2,392.09M | 5.00% | Projected |
| 2035 | 2,451.89M | 2.50% | Projected |
Below are the FCF estimates with the discount factor and the calculated present value with the terminal value that led the results above.
| Year | FCF | Discount Factor | PV of Future FCF |
|---|---|---|---|
| 2024A | 683.90M | 1.00 | 683.90M |
| 2025A | 584.10M | 1.00 | 584.10M |
| 2026E | 979.14M | 1.08 | Login |
| 2027E | 1.13B | 1.17 | Login |
| 2028E | 1.29B | 1.26 | Login |
| 2029E | 1.49B | 1.36 | Login |
| 2030E | 1.71B | 1.47 | Login |
| 2031E | 1.93B | 1.59 | Login |
| 2032E | 2.12B | 1.72 | Login |
| 2033E | 2.28B | 1.86 | Login |
| 2034E | 2.39B | 2.01 | Login |
| 2035E | 2.45B | 2.17 | Login |
| Terminal | 2.17 | Login |
The information given by Studying Stocks and provided in the web and/or mobile applications (Platforms) is only factual information and should not be considered financial advice.
Any information contained in this website has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice.
When creating an account, you acknowledge that you are:
We retain the right to cancel your account for any reason, or refuse your account creation request.
The information on our Platforms is not comprehensive and is intended to provide a summary of the subject matter covered. While we use all reasonable attempts to ensure the accuracy and completeness of the data and information on our Platforms, to the extent permitted by law, we make no warranty regarding the information on these Platforms. You should monitor any changes to the information contained on these Platforms.
Furthermore we make no commitments in regards to the minimum amount of uptime that our platforms will maintain, although we will make ever reasonable attempt to ensure that the platforms are operational. Therefore, any reference of "latest", "current" and related words about the financial data presented here may not be up to date with the financial markets or represent reality of the information.
We are not liable to you or anyone else if interference with or damage to your computer systems occurs in connection with the use of these Platforms or a linked website. You must take your own precautions to ensure that whatever you select for your use from our Platforms is free of viruses or anything else (such as worms or Trojan horses) that may interfere with or damage the operations of your computer systems.
We may, from time to time and without notice, change or add to the Platforms (including the Terms) or the information, products or services described in it. However, we do not undertake to keep the Platforms updated. We are not liable to you or anyone else if errors occur in the information or the Platforms is not up-to-date.
Our Platforms may contain links to websites operated by third parties. Those links are provided for convenience and may not remain current or be maintained. Unless expressly stated otherwise, we do not endorse and are not responsible for the content on those linked websites and have no control over or rights in those linked websites.
These Platforms are for your personal, non-commercial use only. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, commercially exploit, create derivative works from, transfer, or sell any Content, software, products or services contained within these Platforms. You may not use these Platforms, or any of its Content, to further any commercial purpose, including any advertising or advertising revenue generation activity on your own website.
You must not do any act that we would deem to be inappropriate, is unlawful or is prohibited by any laws applicable to these Platforms, including but not limited to:
If we allow you to post any information to our Platforms, we have the right to take down this information at our sole discretion and without notice.
To the maximum extent permitted by law, we make no warranties or representations about these Platforms or the Content, including but not limited to warranties or representations that they will be complete, accurate or up-to-date, that access will be uninterrupted or error-free or free from viruses, or that these Platforms will be secure.
We reserve the right to restrict, suspend or terminate without notice your access to these Platforms, any Content, or any feature of these Platforms at any time without notice and we will not be responsible for any loss, cost, damage or liability that may arise as a result.
To the maximum extent permitted by law, in no event shall we be liable for any direct and indirect loss, damage or expense – irrespective of the manner in which it occurs – which may be suffered due to your use of our Platforms and/or the information or materials contained on it, or as a result of the inaccessibility of these Platforms and/or the fact that certain information or materials contained on it are incorrect, incomplete or not up-to-date.
This website utilises cookies. If you do not have cookies enabled in your web browser some functions of the site may not work as intended.