TRGP Should I Buy
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Targa Resources Corp (TRGP) is a good buy for a beginner investor with a long-term investment strategy and $50,000-$100,000 available for investment. The company's strong growth outlook, positive analyst sentiment, and projected revenue increase make it a compelling choice despite minor short-term technical weaknesses.
The MACD is negative and expanding, indicating bearish momentum. RSI is neutral at 35.839, and moving averages are converging, suggesting indecision in the market. Key support is at 256.392, and resistance is at 273.54. The stock is trading near support levels, which could present a buying opportunity for long-term investors.
Analysts have consistently raised price targets, with the highest target at $331, reflecting confidence in Targa's growth potential.
Jefferies initiated coverage with a Buy rating and a $314 price target, citing premium growth potential through FY
Targa is projected to see an 18% revenue increase in FY 2026, supported by rising global energy prices and strong infrastructure positioning.
The MACD and RSI indicate short-term bearish momentum.
The stock is sensitive to commodity price fluctuations and operational risks, as highlighted in recent news.
Targa Resources achieved $17.1 billion in revenue for FY 2025, showcasing its strong position in the U.S. natural gas market. It is projected to see an 18% revenue increase in FY 2026, supported by global energy price trends.
Analysts are overwhelmingly positive on TRGP, with multiple firms raising price targets recently. Jefferies initiated a Buy rating with a $314 price target, while Citi, Mizuho, and BofA have also raised targets to $300 or higher. Analysts highlight Targa's peer-leading volume growth, strong positioning in the Permian Basin, and potential for double-digit near-term growth.
