TRGP Price Prediction Next Week
Based on the provided data and recent market activity, here's the analysis and price prediction for TRGP for the next trading week:
Technical Analysis
The stock is currently showing strong momentum with RSI at 65.87, indicating bullish sentiment while not yet being overbought . Key technical levels from Fibonacci analysis show:
- Support levels: $195.89 and $189.63
- Resistance levels: $216.14 and $222.40
News Sentiment Analysis Recent news indicates several positive catalysts:
Strong Analyst Support: The stock maintains a "Strong Buy" consensus rating with 17 out of 19 analysts recommending strong buy positions.
Robust Q4 Expectations: TRGP is set to announce Q4 results on February 20, with analysts predicting EPS of $1.92, representing a 56.1% year-over-year increase.
Fundamental Strength: The company received a 100% rating from Validea's Twin Momentum Investor model, indicating strong fundamentals in the Natural Gas Utilities industry.
Price Target Prediction Based on technical and fundamental factors, here's the price forecast for next week:
- Base case target: $215.00 (2.84% upside)
- Bullish case: $222.40 (6.37% upside)
- Support level: $195.89 (-6.30% downside)
Trading Recommendation BUY with an entry point at current levels ($209.07) with a stop loss at $195.89 (first major support level). The stock shows strong momentum and positive sentiment heading into earnings season, with multiple technical and fundamental factors supporting further upside.
Key catalysts for upward movement:
- Upcoming Q4 earnings announcement
- Strong analyst consensus
- Robust technical momentum
- Positive industry fundamentals
The stock is well-positioned to test the first resistance level at $216.14 in the coming week, with potential to reach $222.40 if broader market sentiment remains positive.
TRGP Similar Chart Price Prediction
The price of TRGP is predicted to go up 65.46%, based on the high correlation periods with HOV. The similarity of these two price pattern on the periods is 98.77%.
TRGP
HOV
Up: 65.46%Similarity: 98.77%
TRGP Revenue Forecast
TRGP EPS Forecast
TRGP FAQs
What is 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
Christine Cho
Barclays
Buy
Price Target
$171 → $204
Upside
+3.31%
Barclays raised the firm's price target on Targa Resources to $204 from $171 and keeps an Overweight rating on the shares. The firm remains favorable on Targa citing its visible Permian-levered associated gas growth, despite crude deceleration, coupled with solid commercial execution that has translated to market share wins.
Holly Stewart
Scotiabank
Buy
Price Target
$218
Upside
+12.78%
Michael Blum
Wells Fargo
Buy
Price Target
$190 → $204
Upside
+18.65%