Targa Resources (TRGP, Financial) recently received a significant update from JP Morgan. The financial services firm has maintained its "Overweight" rating on the company's stock. Analyst Jeremy Tonet was responsible for the report, emphasizing confidence in the company's prospects.
In a noteworthy move, JP Morgan has raised the price target for Targa Resources (TRGP, Financial) from $189.00 to $209.00. This adjustment represents a 10.58% increase, highlighting an optimistic outlook for the company's future performance.
The update was issued on July 10, 2025, indicating that investors and market watchers may anticipate potential upward momentum for Targa Resources (TRGP, Financial) in the coming months. The raised price target suggests positive market conditions and potential growth avenues for the company.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Targa Resources Corp (TRGP, Financial) is $204.79 with a high estimate of $244.00 and a low estimate of $158.44. The average target implies an upside of 19.94% from the current price of $170.74. More detailed estimate data can be found on the Targa Resources Corp (TRGP) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, Targa Resources Corp's (TRGP, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Targa Resources Corp (TRGP, Financial) in one year is $121.25, suggesting a downside of 28.99% from the current price of $170.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Targa Resources Corp (TRGP) Summary page.
