Targa Resources (TRGP) Stock: Buy, Sell, or Hold?
TRGP - Targa Resources Corp.
$281.74
2.43 (0.87%)
▲
5d:
+1.4%
30d:
-3.99%
90d:
+6.91%
HOLD
MODERATE Confidence
Analysis Updated: Oct 2, 2026 12:00 AM ET
Earnings: Nov 04, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
📊 HOLD: TRGP is fairly valued with market pricing in 2.8% annual growth. Fine to hold or accumulate slowly on dips.
📊 HOLD: TRGP is fairly valued with market pricing in 2.8% annual growth. Fine to hold or accumulate slowly on dips.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$322.90
Based on 4.6% avg growth
INTRINSIC VALUE TODAY
$200.50
Trading above historical range
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 21.4x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: TRGP is currently trading at $281.74, which is considered slightly low relative to its 30-day fair value range of $280.30 to $293.45. The stock's valuation (Forward PE: 23.3) is in line with its historical norms (21.4). At these levels, the market is pricing in 2.8% annual earnings growth. This growth rate appears achievable given the company's track record, suggesting the valuation is rational.
Technical Outlook: Technically, TRGP is in a uptrend. Immediate support is located at $267.00, while resistance sits at $293.61.
Market Sentiment: The stock scores a mixed 57/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $325.14 (+15.4%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Technical Outlook: Technically, TRGP is in a uptrend. Immediate support is located at $267.00, while resistance sits at $293.61.
Market Sentiment: The stock scores a mixed 57/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Wall Street analysts see significant upside, with an average price target of $325.14 (+15.4%). The stock is fairly positioned - fine to hold existing positions or accumulate slowly on dips, but not an urgent buy.
Quick Decision Summary
Current Position
SLIGHTLY LOW
Historical Trading Range
$280.30 -
$293.45
Company Quality Score
58/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
78.1%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (57/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($325.14)
- NEUTRAL: Market pricing in 2.8% annual earnings growth - fairly valued
- NEUTRAL: Bottoming setup forming (57/100) — watch for confirmation
Trading Range Analysis
30-Day Trading Range
$280.30 -
$293.45
Current vs Trading Range
SLIGHTLY LOW
Support & Resistance Levels
Support Level
$267.00
Resistance Level
$293.61
Current Trend
Uptrend
Technical data as of
Oct 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
23.32
Wall Street Target
$325.14
(+15.4%)
Revenue Growth (YoY)
4.2%
Earnings Growth (YoY)
23.3%
Profit Margin
13.6%
Valuation Premium vs History
+2.8% premium
PE vs Historical
23.3 vs 21.4
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+2.8%
(market-implied from PE analysis)
1-Year Target
$289.63
(+3%)
2-Year Target
$297.74
(+6%)
3-Year Target
$306.07
(+9%)
3-Yr Target (if PE normalizes)
(PE: 23→21)
PE COMPRESSION
$280.83
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 23.3, Growth: 5.1%)
$326.76
(+16%)
Base:
(SPY PE: 20.4, Growth: 5.1%)
$285.80
(+1%)
Bear:
(PE: 17.3, Growth: 5.1%)
$242.93
(-14%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (27x PE), but valuation improves significantly next year (23x PE) as earnings recover.
Trailing PE: 26.70 | Current EPS (TTM): $10.46
Bull Case
$354.81
(+26%)
Analyst growth 15.5%, PE expands to 29.4
Base Case
$322.56
(+15%)
Market implied 15.5%, PE stable at 26.7
Bear Case
$189.93
(-33%)
Severe decline -20.0%, PE contracts to 22.7
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: October 02, 2026 7:18 PM ET
Data refreshes hourly during market hours. Next update: 8:18 PM
Data refreshes hourly during market hours. Next update: 8:18 PM
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Technical Signals Check
Is TRGP showing a specific setup today?
Insider Activity (6 Months)
0
Buys
0
Sells
0
Net
NEUTRAL
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