TRGP Stock Analysis: Buy, Sell, or Hold?
TRGP - Targa Resources Corp.
$244.39
-0.40 (-0.16%)
▼
5d:
-2.44%
30d:
+0.55%
90d:
+32.46%
BUY
MODERATE Confidence
Analysis Updated: Apr 2, 2026 12:00 AM ET
Earnings: May 07, 2026
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Interactive Price Chart (1 Month)
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Bottom Line:
💡 BUY OPPORTUNITY: TRGP shows positive signals but monitor for confirmation. Market pricing in 3.3% annual growth which appears achievable. Moderate conviction.
💡 BUY OPPORTUNITY: TRGP shows positive signals but monitor for confirmation. Market pricing in 3.3% annual growth which appears achievable. Moderate conviction.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$302.29
Based on 6.4% avg growth
INTRINSIC VALUE TODAY
$187.70
Trading above fair value
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 20.0x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: TRGP is currently trading at $244.39, which is considered slightly high relative to its 30-day fair value range of $233.78 to $245.67. From a valuation perspective, the stock is trading at a premium (Forward PE: 22.1) compared to its historical average (20.0). At these levels, the market is pricing in 3.3% 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 currently testing key support at $237.22. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock shows a mixed technical setup (55/100), with neutral trendline and momentum signals. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, TRGP is in a strong uptrend. The price is currently testing key support at $237.22. A bounce from this level would confirm strength, while a break below could signal further downside.
Market Sentiment: The stock shows a mixed technical setup (55/100), with neutral trendline and momentum signals. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY HIGH
Fair Price Range
$233.78 -
$245.67
Company Quality Score
60/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
61.4%
All Signals
- NEUTRAL: Mixed technical signals (55/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($255.10)
- NEUTRAL: Market pricing in 3.3% annual earnings growth - fairly valued
Fair Price Analysis
30-Day Fair Range
$233.78 -
$245.67
Current vs Fair Value
SLIGHTLY HIGH
Support & Resistance Levels
Support Level
$237.22
Resistance Level
$253.40
Current Trend
Strong Uptrend
Technical data as of
Apr 2, 2026
Fundamental Context
Forward P/E (Next Year Est.)
22.07
Wall Street Target
$255.10
(+4.2%)
Revenue Growth (YoY)
-7.9%
Earnings Growth (YoY)
74.5%
Profit Margin
11.3%
Valuation Premium vs History
+3.3% premium
PE vs Historical
22.1 vs 20.0
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+3.3%
(market-implied from PE analysis)
1-Year Target
$252.87
(+3%)
2-Year Target
$261.21
(+7%)
3-Year Target
$269.83
(+10%)
3-Yr Target (if PE normalizes)
(PE: 22→20)
PE COMPRESSION
$244.51
(0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 22.4, Growth: 8.8%)
$318.96
(+30%)
Base:
(SPY PE: 22.1, Growth: 8.8%)
$314.98
(+29%)
Bear:
(PE: 18.8, Growth: 8.8%)
$267.74
(+9%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (28x PE), but valuation improves significantly next year (22x PE) as earnings recover.
Trailing PE: 27.93 | Current EPS (TTM): $8.50
Bull Case
$340.75
(+42%)
Analyst growth 30.5%, PE expands to 30.7
Base Case
$309.78
(+29%)
Market implied 30.5%, PE stable at 27.9
Bear Case
$161.44
(-33%)
Severe decline -20.0%, PE contracts to 23.7
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: April 02, 2026 3:52 PM ET
Data refreshes hourly during market hours. Next update: 4:52 PM
Data refreshes hourly during market hours. Next update: 4:52 PM
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Technical Signals Check
Is TRGP showing a specific setup today?
Insider Activity (6 Months)
3
Buys
9
Sells
Net
INSIDERS SELLING
Recent Transactions
Robert Muraro
SELL
24589 shares
2026-03-05
Patrick J Mcdonie
SELL
31537 shares
2026-03-02
Lindsey Cooksen
SELL
435 shares
2026-02-26
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