TRGP Price Prediction Next Week
TRGP Stock Price Prediction and Recommendation
Based on the analysis of news sentiment and technical indicators, here is the prediction for Targa Resources Corp. (TRGP) for the next trading week:
News Sentiment and Fundamental Analysis:
- Positive News: Targa Resources has filed for an automatic mixed securities shelf, indicating potential future financing options. The company projects an adjusted EBITDA of $4.65B-$4.85B for 2025, with a focus on growth in the latter half of the year.
- Stock Performance: TRGP shares have surged 15.3% over the past three months and 82.4% over the past year, outperforming the First Trust Nasdaq Oil & Gas ETF (FTXN).
- Analyst Outlook: The stock has a consensus "Strong Buy" rating with a mean price target of $222.27, suggesting a 12.7% upside from current levels.
Technical Indicators:
- Current Price: $198.57 (as of 2025-03-21).
- RSI (14): 53.35, indicating a neutral position.
- MACD: Slightly negative, suggesting bearish momentum.
- Fibonacci Levels: Resistance at 203.75 and support at 179.61.
Price Prediction:
- Target Price: $203.75 (Fibonacci resistance level).
- Recommendation: Buy TRGP as the bullish analyst sentiment and growth projections outweigh short-term volatility concerns.
TRGP Similar Chart Price Prediction
The price of TRGP is predicted to go up 10.18%, based on the high correlation periods with MDT. The similarity of these two price pattern on the periods is 95.47%.
TRGP
MDT
Up: 10.18%Similarity: 95.47%
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
Theresa Chen
Barclays
Buy
2025-03-21
Price Target
$204 → $211
Upside
+6.89%
Barclays analyst Theresa Chen raised the firm's price target on Targa Resources to $211 from $204 and keeps an Overweight rating on the shares.
Neal Dingmann
Truist Securities
Strong Buy
2025-03-18
Price Target
$220 → $235
Upside
+20.97%
Robert Kad
Morgan Stanley
Buy
2025-03-17
Price Target
$202 → $244
Upside
+23.54%
