TRGP Stock Analysis: Buy, Sell, or Hold?
TRGP - Targa Resources Corp.
$248.12
-4.32 (-1.71%)
▼
5d:
-2.42%
30d:
+1.38%
90d:
+17.35%
BUY
MODERATE Confidence
Analysis Updated: May 8, 2026 12:00 AM ET
Earnings: May 07, 2026
0d
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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 1.5% annual growth which appears achievable. Moderate conviction.
💡 BUY OPPORTUNITY: TRGP shows positive signals but monitor for confirmation. Market pricing in 1.5% 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
$346.61
Based on 7.9% avg growth
INTRINSIC VALUE TODAY
$215.22
Trading above historical range
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 20.4x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: TRGP is currently trading at $248.12, which is considered slightly high relative to its 30-day fair value range of $237.70 to $252.78. The stock's valuation (Forward PE: 21.3) is in line with its historical norms (20.4). At these levels, the market is pricing in 1.5% 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. Immediate support is located at $239.99, while resistance sits at $261.95.
Market Sentiment: TRGP has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, TRGP is in a strong uptrend. Immediate support is located at $239.99, while resistance sits at $261.95.
Market Sentiment: TRGP has a strong technical setup (75/100), with favorable trendlines, momentum, and price action for short-term traders. Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY HIGH
Historical Trading Range
$237.70 -
$252.78
Company Quality Score
64/100
(BUY)
Volume Confirmation
HIGH
Confidence Score
72.4%
All Signals
- BULLISH: Strong technical setup (75/100)
- BULLISH: High volume confirmation
- NEUTRAL: Near Wall St target ($266.80)
- NEUTRAL: Market pricing in 1.5% annual earnings growth - fairly valued
Trading Range Analysis
30-Day Trading Range
$237.70 -
$252.78
Current vs Trading Range
SLIGHTLY HIGH
Support & Resistance Levels
Support Level
$239.99
Resistance Level
$261.95
Current Trend
Strong Uptrend
Technical data as of
May 8, 2026
Fundamental Context
Forward P/E (Next Year Est.)
21.27
Wall Street Target
$266.80
(+7.5%)
Revenue Growth (YoY)
-7.9%
Earnings Growth (YoY)
74.5%
Profit Margin
11.3%
Valuation Premium vs History
+1.5% premium
PE vs Historical
21.3 vs 20.4
FAIR
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
+1.5%
(market-implied from PE analysis)
1-Year Target
$251.84
(+2%)
2-Year Target
$255.62
(+3%)
3-Year Target
$259.45
(+5%)
3-Yr Target (if PE normalizes)
(PE: 21→20)
PE COMPRESSION
$248.79
(+0%)
Earnings growth offset by PE compression
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.9, Growth: 11.7%)
$356.75
(+44%)
Base:
(SPY PE: 21.3, Growth: 11.7%)
$345.92
(+39%)
Bear:
(PE: 18.1, Growth: 11.7%)
$294.04
(+19%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (26x PE), but valuation improves significantly next year (21x PE) as earnings recover.
Trailing PE: 25.79 | Current EPS (TTM): $9.79
Bull Case
$330.80
(+33%)
Analyst growth 19.1%, PE expands to 28.4
Base Case
$300.73
(+21%)
Market implied 19.1%, PE stable at 25.8
Bear Case
$171.66
(-31%)
Severe decline -20.0%, PE contracts to 21.9
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
Share & Embed Analysis
Last updated: May 10, 2026 12:16 PM ET
Data refreshes hourly during market hours. Next update: 1:16 PM
Data refreshes hourly during market hours. Next update: 1:16 PM
🔥 Top Stocks Breaking Out Now
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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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