09-07-2025
Targa Resources (TRGP) PT Lifted to $205 from $191 at RBC Capital
Targa Resources Corp. (NYSE:TRGP) is one of the best high growth stocks. On June 26, RBC Capital lifted its price target from $191 to $205 and maintained an Outperform rating on the stock.
The price target was raised following a series of investor engagements with Targa executives, notably President Jennifer Kneale, Logistics & Transportation Head Scott Pryor, and IR and Fundamentals Vice President Tristan Richardson.
After the meetings, RBC Capital reported a moderately improved view of Targa Resources and highlighted a perceived misalignment between the firm's market valuation and its robust financial position.
An oil tanker at sunset, symbolizing the company's supply of global crude oil.
The company's consistent cash distributions to shareholders were identified as a main element supporting the firm's favorable outlook.
RBC Capital revised its 2026 projections for Targa Resources Corp. (NYSE:TRGP) upward, citing expected increases in volumes as the primary driver behind both the updated estimates and the elevated price target. The company has exhibited continued growth, with a five-year compound annual revenue growth rate of 14% and a solid EBITDA performance of $4.06 billion over the trailing twelve months.
Targa Resources Corp. (NYSE:TRGP) owns and operates a strategically integrated portfolio of midstream infrastructure assets across North America.
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