Wellington Management Group LLP and several high-profile investors have significantly increased their holdings in
Targa Resources, Inc. (
TRGP). Their purchases and growing interest demonstrate strong institutional confidence in TRGP.
Citi and
Wells Fargo have also maintained their respective 'Buy' and 'Overweight' ratings on the stock with Wells Fargo adjusting the price target to $264 from $248 based on Targa's 2025 record EBITDA and higher 2026 guidance.
Goldman Sachs raised their price target to $242. Various insinuations were made that the stock may be underperforming within the energy sector. However, predictions point towards Targa's Q4 earnings possibly surpassing Wall Street projections. There has been strong recent stock gain and several strong stock sell-offs. Some insiders have also sold their shares, causing some doubts among investors. Nonetheless, there are firm opinions about continued positive price appreciation. The company recently completed a
$1.5 Billion Senior Notes Offering and increased the dividend. Despite mixed signals, Targa's recent acquisition of
Stakeholder Midstream for $1.25 billion and launching Forza Pipeline shows positive growth and diversification strategies.
Targa Resources Corp TRGP News Analytics from Wed, 01 Oct 2025 07:00:00 GMT to Sat, 14 Mar 2026 12:09:15 GMT -
Rating 7
- Innovation 3
- Information 7
- Rumor 6
