TRGP Should I Buy
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Targa Resources Corp (TRGP) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock demonstrates strong financial performance, bullish technical indicators, and positive analyst sentiment. Despite the absence of recent news or significant trading trends, the company's growth trajectory and favorable market conditions make it a solid investment opportunity.
The stock is showing bullish momentum with MACD above zero and positively contracting, RSI at 74.735 in the neutral zone, and bullish moving averages (SMA_5 > SMA_20 > SMA_200). The current price of $222.69 is near the resistance level of R1: 221.417, with further resistance at R2: 228.413. Key support levels are at S1: 198.773 and S2: 191.777.
Strong financial performance in Q3 2025 with revenue up 8.13% YoY, net income up 23.67% YoY, and EPS up 25.71% YoY.
Positive analyst sentiment with multiple price target increases, including Morgan Stanley raising the target to $266 and Scotiabank highlighting long-term growth opportunities.
Bullish technical indicators and favorable market conditions for the energy sector.
No recent news or significant trading trends from hedge funds or insiders.
Stock trend analysis suggests potential short-term downside risk (-2.71% in the next week).
Targa Resources reported strong financials in Q3 2025, with revenue increasing to $4.2 billion (up 8.13% YoY), net income rising to $475.5 million (up 23.67% YoY), EPS growing to 2.2 (up 25.71% YoY), and gross margin improving to 31.22% (up 4.10% YoY).
Analysts are highly positive on TRGP, with multiple firms raising price targets recently. Morgan Stanley raised the target to $266, citing strong earnings and favorable commodity prices. Scotiabank increased its target to $224, highlighting tailwinds from LNG exports and power demand. RBC Capital and Wells Fargo also raised targets, emphasizing the company's strategic acquisitions and growth potential.
