TARGA RESOURCES CORP.: BARCLAYS INCREASES TARGET PRICE FROM $226 TO $255

Written by Emily J. Thompson, Senior Investment Analyst

Source: moomoo

Updated: Apr 07 2026

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TRGP-1.69%

Should l Buy TRGP?

Source: moomoo

Target Price Increase: Barclays has raised its price target for Targa Resources Corp. from $226 to $255.
Market Implications: This adjustment reflects Barclays' positive outlook on Targa Resources' performance and market position.

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Analyst Views on TRGP

Wall Street analysts forecast TRGP stock price to fall

8 Analyst Rating

8 Buy

0 Hold

0 Sell

Strong Buy

Current: 235.500

Low

188.00

Averages

214.75

High

266.00

Current: 235.500

Low

188.00

Averages

214.75

High

266.00

Goldman Sachs

John Mackay

Buy

maintain

$242 -> $268

2026-04-20

New

Reason

Goldman Sachs

John Mackay

Price Target

$242 -> $268

AI Analysis

2026-04-20

New

maintain

Buy

Reason

Goldman Sachs analyst John Mackay raised the firm's price target on Targa Resources to $268 from $242 and keeps a Buy rating on the shares. The sector has outperformed year to date, driven by rotation into energy equities and disruption from Middle East tensions, with continued high stock-level dispersion expected, the analyst tells investors in a research note. Key drivers include strong U.S. natural gas demand from LNG expansion and data center power needs, potential upside in Permian supply-related gas and water activity, and a structurally improved LNG outlook, with limited expected U.S. supply response to the Iran disruption, the firm says.

Scotiabank

Outperform

maintain

$246 -> $249

2026-04-13

Reason

Scotiabank

Price Target

$246 -> $249

2026-04-13

maintain

Outperform

Reason

Scotiabank raised the firm's price target on Targa Resources to $249 from $246 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Midstream stocks under its coverage, the analyst tells investors. The elevated commodity price environment is resulting to a more muted impact to FY26 earnings compared to expectations, the analyst adds. Despite the sharp increase in prices, Scotiabank maintains the view that upstream development activity likely remains unchanged this year.

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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.

Targa Resources Increases Quarterly Dividend by 25%

3 days agoseekingalpha

Dividend Increase: Targa Resources has declared a quarterly dividend increase from $1.00 to $1.25 per share, representing a 25% rise, which reflects the company's ongoing improvement in profitability and cash flow, thereby boosting investor confidence.
Yield Overview: With the new dividend, the forward yield stands at 2.08%, not only attracting income-seeking investors but also potentially enhancing the stock's market appeal, which could drive the share price higher.
Payment Details: The new dividend will be payable on May 15, with a record date of April 30 and an ex-dividend date also on April 30, ensuring shareholders receive their earnings promptly and further solidifying the relationship between the company and its investors.
Market Performance: Targa Resources' stock has performed well in the past, and while the current dividend increase indicates financial health, there remains potential for further growth, which may attract more long-term investors to the stock.

Targa Resources Corp. Announces Increase in Quarterly Dividend

4 days agoNewsfilter

Dividend Increase: Targa Resources Corp. has declared a quarterly cash dividend of $1.25 per share for Q1 2026, reflecting a 25% increase from Q1 2025, indicating the company's strong profitability and commitment to shareholder returns.
Payment Schedule: The dividend will be paid on May 15, 2026, to shareholders of record as of April 30, 2026, ensuring timely returns for investors and enhancing their confidence in the company.
Earnings Release Plan: The company will report its Q1 2026 financial results before the market opens on May 7, 2026, and will host a live webcast at 11:00 AM ET, providing transparency and engaging with investors regarding performance.
Industry Position: As one of the largest independent infrastructure companies in North America, Targa's leadership in midstream services and its diversified asset portfolio ensure its competitive advantage in the growing clean fuel market.

Targa Resources Corp. Increases Quarterly Dividend by 25%

4 days agoYahoo Finance

Dividend Increase: Targa Resources Corp. announced a quarterly cash dividend increase to $1.25 per share for Q1 2026, representing a 25% rise from Q1 2025, reflecting the company's robust profitability and stable cash flow.
Payment Schedule: The dividend will be paid on May 15, 2026, with a record date of April 30, 2026, ensuring timely returns for shareholders and enhancing investor confidence.
Earnings Release Plan: The company will report its Q1 2026 financial results before market open on May 7, 2026, and will host a live webcast, further improving transparency and engaging with investors on future outlooks.
Market Position: As one of the largest independent infrastructure companies in North America, Targa plays a critical role in connecting natural gas and NGL markets, and the ongoing dividend increase is likely to attract more investor interest in its potential within the clean energy sector.

Stock Price Movements of Various Companies

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Conagra CEO Transition: Conagra announced that John Brase will take over as CEO on June 1, resulting in a more than 5% drop in shares, reflecting market unease over leadership changes, with shares down over 17% in 2026.
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Goldman Sachs Earnings Beat: Despite its fixed income trading falling short of expectations, Goldman Sachs posted an earnings and revenue beat in its first-quarter report, with shares down over 2%, indicating market caution regarding its future performance.

Goldman Sachs Earnings Beat Expectations Yet Shares Decline

Apr 13 2026CNBC

Goldman Sachs Earnings: Goldman Sachs reported Q1 earnings of $17.55 per share and $17.23 billion in revenue, exceeding expectations, yet shares fell over 2%, indicating market disappointment over fixed income, currencies, and commodities trading performance.
Williams-Sonoma Upgrade: Williams-Sonoma shares rose more than 2% after Goldman Sachs upgraded the stock to buy, with analysts highlighting the company's strong brand portfolio in retail, reflecting market confidence in its growth potential.
Best Buy Downgrade: Goldman Sachs downgraded Best Buy to sell, resulting in a 4% drop in shares, as analysts warned that while Q1 may benefit from a pull-forward in PC demand, sales risks loom due to rising memory costs impacting future pricing.
Energy Stocks Surge: Energy stocks rallied as oil prices climbed above $103 following the U.S. Navy's blockade announcement on the Strait of Hormuz, showcasing market optimism regarding energy demand amidst geopolitical tensions.