BofA lifts target for Targa Resources stock to USD 330
Published on 10/16/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings date
- On October 15, 2026, BofA raised its Targa Resources target to USD 330.00.
- Targa Resources will report third-quarter results on November 5, 2026.
- Targa Resources stock costs EUR 255.30 at Lang & Schwarz on October 16, 2026 at 3:41 p.m. CEST, plus 0.67 percent versus the Tradegate close of October 15, 2026.
- Targa Resources had a P/E ratio of 27.42 and a market capitalization of USD 61.5 billion on October 16, 2026.
Bank of America raised its price target for Targa Resources from USD 300.00 to USD 330.00 on October 15, 2026, according to Markets Insider. The new target stands 14.98 percent above the NYSE price of USD 287.01 at 10:00 a.m. ET on October 16, 2026. Targa Resources stock was trading at EUR 255.30 at Lang & Schwarz on October 16, 2026 at 3:41 p.m. CEST, plus 0.67 percent versus the Tradegate close of October 15, 2026 at EUR 253.60.
What comes next on November 5?
Targa Resources will publish its third-quarter 2026 results before the US market opens on November 5, 2026. The company will hold its earnings webcast at 11:00 a.m. ET the same day, as stated in its Targa Resources release dated October 13, 2026. That date gives the market a clear next checkpoint after the recent target changes.
Stock remains below its yearly high
The NYSE price of USD 287.01 stood 6.80 percent below the 52-week high of USD 307.94 on October 16, 2026. The same range extended down to USD 144.14, leaving the stock 99.15 percent above its yearly low. Targa Resources operates midstream infrastructure for natural gas, natural gas liquids and crude oil, with gathering, processing, logistics and transportation activities described on its investor page.
The latest quarterly financial data covered the second quarter of 2026. Revenue was USD 4.44 billion, operating profit was USD 1.23 billion and diluted earnings per share were USD 3.54. Those figures provide the next earnings comparison, while the current quote remains below the upper end of its annual range.
Comparison with peers
TRGP (NYSE, USD): plus 0.67 percent, P/E 27.42, market capitalization USD 61.5 billion
Energy Transfer (NYSE, USD): plus 0.73 percent, P/E 12.44, market capitalization USD 69.0 billion
The Williams Companies (NYSE, USD): plus 0.55 percent, P/E 27.61, market capitalization USD 85.1 billion
Quote and investor dates
For investors, the immediate reference points are the USD 330.00 target from Bank of America and the November 5, 2026 results date. The next report will show whether the operating figures can support the valuation relative to comparable midstream companies.
The further course of trading is shown by the continuously updated real-time quote of Targa Resources stock.
Targa Resources stock key data
- Company: Targa Resources Corp.
- ISIN: US87612G1013
- Ticker: TRGP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 16, 2026, 3:41 p.m. CEST): EUR 255.30
- Change versus Tradegate close: plus 0.67 percent
- Tradegate close (October 15, 2026): EUR 253.60
- Market capitalization: USD 61.5 billion (as of October 16, 2026)
- 52-week range: USD 144.14-307.94 (as of October 16, 2026)
- Sector / Industry: Energy / Oil and Gas Midstream
- Index membership: S&P 500
- Next earnings date: November 5, 2026
Market context: Market report S&P 500.
