Targa Resources (TRGP) Stock: Buy, Sell, or Hold?
TRGP - Targa Resources Corp.
$289.54
-6.06 (-2.05%)
âŧ
5d:
+2.47%
30d:
+2.31%
90d:
+2.92%
WAIT
LOW Confidence
Analysis Updated: Oct 22, 2026 12:00 AM ET
Earnings: Nov 05, 2026
12d
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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 3.4% 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 3.4% 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
$327.69
Based on 4.6% avg growth
INTRINSIC VALUE TODAY
$203.47
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 21.6x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: TRGP is currently trading at $289.54, which is considered slightly high relative to its 30-day fair value range of $279.67 to $291.89. From a valuation perspective, the stock is trading at a premium (Forward PE: 23.9) compared to its historical average (21.6). At these levels, the market is pricing in 3.4% 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 approaching resistance at $297.98. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: The stock scores a mixed 41/100 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 $329.76 (+13.9%). 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 approaching resistance at $297.98. A breakout above this level would be a bullish signal, while rejection here could lead to consolidation.
Market Sentiment: The stock scores a mixed 41/100 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 $329.76 (+13.9%). Current signals suggest waiting for a better entry point before initiating new positions.
Quick Decision Summary
Current Position
SLIGHTLY HIGH
Historical Trading Range
$279.67 -
$291.89
Company Quality Score
48/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
63.8%
All Signals
- NEUTRAL: Mixed technical signals (41/100)
- BULLISH: High volume confirmation
- BULLISH: Trading below Wall St target ($329.76)
- NEUTRAL: Market pricing in 3.4% annual earnings growth - fairly valued
- WARNING: Composite score 48/100 in the bottom quintile â this cohort historically lags the market
Trading Range Analysis
30-Day Trading Range
$279.67 -
$291.89
Current vs Trading Range
SLIGHTLY HIGH
Support & Resistance Levels
Support Level
$277.13
Resistance Level
$297.98
Current Trend
Strong Uptrend
Technical data as of
Oct 22, 2026
Fundamental Context
Forward P/E (Next Year Est.)
23.90
Wall Street Target
$329.76
(+13.9%)
Revenue Growth (YoY)
4.2%
Earnings Growth (YoY)
23.3%
Profit Margin
13.6%
Valuation Premium vs History
+3.4% premium
PE vs Historical
23.9 vs 21.6
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+3.4%
(market-implied from PE analysis)
1-Year Target
$299.38
(+3%)
2-Year Target
$309.56
(+7%)
3-Year Target
$320.09
(+11%)
3-Yr Target (if PE normalizes)
(PE: 24â22)
PE COMPRESSION
$289.32
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 23.9, Growth: 5.2%)
$337.40
(+17%)
Base:
(SPY PE: 19.9, Growth: 5.2%)
$280.40
(-3%)
Bear:
(PE: 16.9, Growth: 5.2%)
$238.34
(-18%)
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: 28.26 | Current EPS (TTM): $10.46
Bull Case
$376.65
(+30%)
Analyst growth 15.8%, PE expands to 31.1
Base Case
$342.41
(+18%)
Market implied 15.8%, PE stable at 28.3
Bear Case
$201.01
(-31%)
Severe decline -20.0%, PE contracts to 24.0
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: October 23, 2026 4:35 AM ET
Data refreshes hourly during market hours. Next update: 5:35 AM
Data refreshes hourly during market hours. Next update: 5:35 AM
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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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