TRGP
Another analyst says “more upside”
Royal Bank of Canada lifted its price target on Targa Resources to $270 from $260 and left its Outperform rating in place. That’s basically Wall Street’s version of a thumbs-up with a little extra enthusiasm.
The analyst crowd is still leaning bullish
Targa isn’t getting a lonely hot take here. MarketBeat says the stock has:
- 14 Buy ratings
- 3 Hold ratings
- a consensus rating of Moderate Buy
- a consensus target of $257.86
So RBC’s move is less a plot twist and more another person joining the already-packed fan section.
Why investors may care
The stock was trading around $243.47 at midday, so RBC’s target still implies some runway. And this comes on top of a recent earnings beat, where Targa posted $2.51 per share versus the $2.35 consensus.
Big picture: when analysts keep inching targets higher after a solid earnings print, it usually means the market story still has legs — even if the pipeline business isn’t exactly thrilling dinner-party conversation.