Goldman Sachs raised the firm’s price target on Targa Resources (TRGP) to $242 from $196 and keeps a Buy rating on the shares after its Q4 results. The quarter was better than expected on strong downstream NGL – natural gas liquids – margins, though Permian G&P volumes came in flatter, the analyst tells investors in a research note. The medium- to long-term growth message was also very constructive, now three processing plants per year in the Permian, the firm added.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRGP:
- Targa Resources price target raised to $243 from $213 at Stifel
- Buy Rating on TRGP Driven by Strong Q4 Performance, Permian Growth, and Shareholder‑Friendly Capital Allocation
- Targa Resources price target raised to $226 from $191 at Barclays
- Targa Resources Posts Record 2025 Results, Hikes Dividend
- Targa Resources sees 2026 adjusted EBITDA $5.4B-$5.6B vs. $4.96B in 2025