Targa Resources Corp (TRGP) stock forecast: Can it reach its 52-week high of $218.51

A share price of Targa Resources Corp [TRGP] is currently trading at $161.05, down -1.31%. An important factor to consider is whether the stock is rising or falling in short-term value. The TRGP shares have lost -3.05% over the last week, with a monthly amount drifted -5.88%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Targa Resources Corp [NYSE: TRGP] stock has seen the most recent analyst activity on July 07, 2025, when TD Cowen initiated its Hold rating and assigned the stock a price target of $192. Scotiabank initiated its recommendation with a Sector Outperform and recommended $115 as its price target on March 02, 2023. Citigroup started tracking with a Buy rating for this stock on December 09, 2022, and assigned it a price target of $95.

Targa Resources Corp experienced fluctuations in its stock price throughout the past year between $140.90 and $218.51. Currently, Wall Street analysts expect the stock to reach $213.5 within the next 12 months. Targa Resources Corp [NYSE: TRGP] shares were valued at $161.05 at the most recent close of the market. An investor can expect a potential return of 32.57% based on the average TRGP price forecast.

Analyzing the TRGP fundamentals

Trailing Twelve Months sales for Targa Resources Corp [NYSE:TRGP] were 17.29B which represents 11.26% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.64 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 160.18 points at the first support level, and at 159.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 162.24, and for the 2nd resistance point, it is at 163.44.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Targa Resources Corp [NYSE:TRGP] is 0.69. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.00, the price to book ratio is 13.41 and price to earnings (TTM) ratio is 23.06.

Transactions by insiders

Recent insider trading involved Pryor D. Scott, Officer, that happened on Aug 15 ’25 when 20000.0 shares were purchased. Pryor D. Scott completed a deal on May 08 ’25 to sell 20000.0 shares. Meanwhile, Retired Officer Boushka Julie H. bought 2000.0 shares on May 08 ’25.

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