Targa Resources Corp Hits 20-Day High Amid Market Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 09 Dec 25
Source: 8-K
Targa Resources Corp saw a price increase of 3.12%, reaching a 20-day high. This movement aligns with the overall positive performance in the Nasdaq-100 and S&P 500 indices, which are up 0.11% and 0.20%, respectively.
The stock's rise can be attributed to the broader market strength, reflecting investor confidence and favorable economic conditions. As major indices continue to show resilience, Targa Resources Corp benefits from this upward trend.
Analysts suggest that sustained market strength could lead to further gains for Targa Resources Corp, especially if the company continues to align with positive sector trends.
Analyst Views on TRGP
Wall Street analysts forecast TRGP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TRGP is 208.09 USD with a low forecast of 188.00 USD and a high forecast of 261.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 201.130
Low
188.00
Averages
208.09
High
261.00
Current: 201.130
Low
188.00
Averages
208.09
High
261.00
About TRGP
Targa Resources Corp. is a provider of midstream services in North America. The Company owns, operates, acquires and develops a diversified portfolio of complementary domestic midstream infrastructure assets and delivers energy across the United States. The Company is engaged in the business of gathering, compressing, treating, processing, transporting, and purchasing and selling natural gas; transporting, storing, fractionating, treating, and purchasing and selling natural gas liquids (NGLs) and NGL products, including services to liquefied petroleum gas (LPG) exporters; and gathering, storing, terminaling, and purchasing and selling crude oil. Its segments are Gathering and Processing, and Logistics and Transportation. Gathering and Processing segment includes assets used in the gathering and/or purchase and sale of natural gas produced from oil and gas wells. Logistics and Transportation segment includes the activities and assets necessary to convert mixed NGLs into NGL products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
