TRGP Price Prediction Next Week
Technical Analysis
Based on the technical analysis, TRGP is showing strong bullish momentum with recent price action. The stock has been trading in an upward channel, with current price at $201.72. The stock gained 3.16% in the last trading session on Friday, with increased volume signaling strong buying interest.
News & Fundamental Analysis
Recent significant developments:
- Targa Resources announced a $2.0 billion senior notes offering on February 24, 2025
- Multiple analysts have raised their price targets:
- Stifel Nicolaus: $229.00
- Mizuho Securities: $226.00
- Wells Fargo: $220.00
The consensus among analysts maintains a Strong Buy rating with a price target consensus of $224.36, representing a 12.4% upside potential.
Price Prediction for Next Week
Based on technical indicators and recent news sentiment:
Target Prices:
- Support level: $200.36
- Resistance level: $204.70
- Short-term target: $208-210
The stock is likely to continue its upward momentum next week based on:
- Strong institutional support with increased volume
- Energy sector leadership with TRGP showing 3.8% gains in recent trading
- Positive analyst sentiment with multiple price target upgrades
Trading Recommendation
BUY with the following strategy:
- Entry point: Current market price ($201.72)
- Initial target: $208
- Stop loss: $198.50 (below recent support)
The stock shows strong potential for continued upside based on both technical and fundamental factors. The energy sector's current leadership position and positive analyst sentiment support this bullish outlook.
TRGP Similar Chart Price Prediction
The price of TRGP is predicted to go up 1.65%, based on the high correlation periods with PPIH. The similarity of these two price pattern on the periods is 94.42%.
TRGP
PPIH
Up: 1.65%Similarity: 94.42%
TRGP Revenue Forecast
TRGP EPS Forecast
TRGP FAQs
What is TRGP revenue forecast for next quarter？
TRGP VS S&P500
Targa is leveraged to the high-growth Permian, and its Grand Prix pipeline has been an important growth engine.
Despite our persistent concerns about its balance sheet, Targa has effectively grown its way into a reasonably healthy balance sheet for the time being.
As long as the markets are strong, Targa offers substantial dividend increase potential.
TRGP Analyst's Forecast
Brandon Bingham
Scotiabank
Buy
2025-03-06
Price Target
$218 → $210
Upside
+15.4%
Scotiabank lowered the firm's price target on Targa Resources to $210 from $218 and keeps an Outperform rating on the shares. The firm is updating its numbers and price targets on stocks in U.S. Midstream coverage following "mixed" Q4 results, the analyst tells investors. While the trajectory for the sector remains positive, near-term hits to free cash flow profiles and more muted returns have caused valuations to compress from recent highs, the firm adds.
Michael Blum
Wells Fargo
Buy
2025-02-21
Price Target
$204 → $220
Upside
+9.8%
Gabriel Moreen
Mizuho
Buy
2025-02-20
Price Target
$208 → $226
Upside
+10.41%
