Targa Resources (TRGP) Stock: Buy, Sell, or Hold?
TRGP - Targa Resources Corp.
$290.25
-1.66 (-0.57%)
âŧ
5d:
-1.12%
30d:
+8.03%
90d:
+7.75%
WAIT
LOW Confidence
Analysis Updated: Sep 11, 2026 12:00 AM ET
Earnings: Nov 04, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
âšī¸ NEUTRAL: TRGP is fairly priced but lacks strong directional signals. At 4.1% expected growth, valuation appears fair. Wait for clearer setup or better entry on dips.
âšī¸ NEUTRAL: TRGP is fairly priced but lacks strong directional signals. At 4.1% expected growth, valuation appears fair. Wait for clearer setup or better entry on dips.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$321.39
Based on 4.6% avg growth
INTRINSIC VALUE TODAY
$199.56
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 21.3x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: TRGP is currently trading at $290.25, which is considered fair relative to its 30-day fair value range of $270.39 to $297.60. From a valuation perspective, the stock is trading at a premium (Forward PE: 24.0) compared to its historical average (21.3). At these levels, the market is pricing in 4.1% 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 strong uptrend. The price is currently testing key support at $287.43. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock scores a mixed 42/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Current signals suggest waiting for a better entry point before initiating new positions.
Technical Outlook: Technically, TRGP is in a strong uptrend. The price is currently testing key support at $287.43. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock scores a mixed 42/100 on our bottoming-setup gauge, with only partial signs of a stabilized entry point. Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
FAIR
Historical Trading Range
$270.39 -
$297.60
Company Quality Score
52/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
68.6%
All Signals
- NEUTRAL: Price in fair range
- NEUTRAL: Mixed technical signals (42/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($313.10)
- NEUTRAL: Market pricing in 4.1% annual earnings growth - fairly valued
- WARNING: Composite score 52/100 in the bottom quintile â this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$270.39 -
$297.60
Current vs Trading Range
FAIR
Support & Resistance Levels
Support Level
$287.43
Resistance Level
$299.48
Current Trend
Strong Uptrend
Technical data as of
Sep 11, 2026
Fundamental Context
Forward P/E (Next Year Est.)
24.03
Wall Street Target
$313.10
(+7.9%)
Revenue Growth (YoY)
4.2%
Earnings Growth (YoY)
23.3%
Profit Margin
13.6%
Valuation Premium vs History
+4.1% premium
PE vs Historical
24.0 vs 21.3
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+4.1%
(market-implied from PE analysis)
1-Year Target
$302.15
(+4%)
2-Year Target
$314.54
(+8%)
3-Year Target
$327.43
(+13%)
3-Yr Target (if PE normalizes)
(PE: 24â21)
PE COMPRESSION
$290.26
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 24.0, Growth: 5.1%)
$336.63
(+16%)
Base:
(SPY PE: 20.2, Growth: 5.1%)
$282.58
(-3%)
Bear:
(PE: 17.1, Growth: 5.1%)
$240.19
(-17%)
đ
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (28x PE), but valuation improves significantly next year (24x PE) as earnings recover.
Trailing PE: 27.85 | Current EPS (TTM): $10.48
Bull Case
$370.11
(+28%)
Analyst growth 15.3%, PE expands to 30.6
Base Case
$336.47
(+16%)
Market implied 15.3%, PE stable at 27.9
Bear Case
$198.50
(-32%)
Severe decline -20.0%, PE contracts to 23.7
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: September 12, 2026 3:38 PM ET
Data refreshes hourly during market hours. Next update: 4:38 PM
Data refreshes hourly during market hours. Next update: 4:38 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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