TRGP Should I Buy
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Targa Resources Corp (TRGP) is a good buy for a beginner investor with a long-term focus and $50,000-$100,000 available for investment. The company's strong growth outlook, positive analyst sentiment, and improving financial performance make it a solid choice for a long-term portfolio.
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200), indicating a positive trend. However, the MACD is negative and expanding downward (-0.121), suggesting short-term weakness. RSI is neutral at 64.698. Key support is at 227.202, and resistance is at 246.764. The current price of 237.9 is near the pivot level of 236.983, providing a reasonable entry point.
Analysts have consistently raised price targets, with the latest targets ranging from $220 to $298, reflecting confidence in the company's growth prospects.
Strong Q4 financial performance with a 71.57% YoY increase in net income and a 74.31% YoY increase in EPS.
The company is well-positioned for long-term growth, supported by customer demand and planned expansion projects.
Recent revenue decline (-9.22% YoY) in Q4
MACD indicates short-term weakness, which could lead to minor pullbacks.
In Q4 2025, revenue dropped by 9.22% YoY to $4.11B. However, net income increased by 71.57% YoY to $542M, and EPS rose by 74.31% YoY to 2.51. Gross margin improved significantly to 34.32%, up 26.88% YoY, indicating better operational efficiency.
Analysts are overwhelmingly positive on TRGP, with multiple firms raising price targets recently. Morgan Stanley raised its target to $298, RBC Capital to $260, and Citi to $262, all maintaining strong ratings like Overweight and Buy. Analysts highlight the company's strong positioning in the Permian Basin and its robust growth outlook supported by increased capex and customer demand.
