Stifel cuts target for Targa Resources stock to USD 335

Published on 10/12/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 4.44 billion, up 4.20 percent year over year. Targa Resources stock costs EUR 256.60 on October 12, 2026.

Key points in brief

Stifel cut its Targa Resources price target from USD 340 to USD 335 while keeping a Buy rating on October 9, 2026.
Targa Resources reported USD 4.44 billion in revenue and USD 765.0 million in net income for the second quarter of 2026.
The stock was trading at EUR 256.60 at Lang & Schwarz on October 12, 2026 at 12:10 p.m. CEST.
Targa Resources has its next earnings report scheduled for November 4, 2026.

TRGP, US87612G1013, Illustration mit AI erstellt.

Targa Resources (ISIN US87612G1013) was trading at EUR 256.60 at Lang & Schwarz on October 12, 2026 at 12:10 p.m. CEST. On October 9, 2026, Stifel cut its price target from USD 340 to USD 335 while maintaining a Buy rating, as Investing.com reported.

Three events shape the stock

On August 6, 2026, Targa Resources reported USD 4.44 billion in revenue for the second quarter of 2026, up 4.20 percent from the same quarter a year earlier. Net income reached USD 765.0 million and diluted earnings per share was USD 3.54, according to GreekSoup.

On August 17, 2026, the company announced 20-year fee-based agreements with ExxonMobil and three new natural gas processing plants in the Permian Delaware. Targa's investor page identifies the projects and the announcement date in its press-release archive, Targa Resources shows.

Stifel's October 9 target cut is the latest dated event. The move kept the Buy rating intact while reducing the target by USD 5.00, a 1.47 percent cut from USD 340. The target change places capital spending at the center of the current valuation debate.

What does the target cut mean?

Stifel expects third-quarter 2026 earnings before interest, taxes, depreciation and amortization of USD 1.6 billion, 0.90 percent above consensus, while modeling fiscal-year 2026 results above the high end of Targa's USD 5.9 billion guidance. The estimate links the lower target to heavier spending on expansion projects, not to a reduction in the company's Buy rating, according to Investing.com.

The second-quarter figures provide a stronger operating comparison. Operating profit rose from USD 846.9 million in the first quarter of 2026 to USD 1.2345 billion in the second quarter, while operating cash flow increased from USD 739.5 million to USD 1.4413 billion, based on the standardized financial statements for the two periods.

Next report arrives November 4

Gekko lists November 4, 2026 as Targa Resources' next earnings report date. That release will test whether the second-quarter revenue, net income and cash-flow gains can support the expansion program while capital spending remains a central valuation issue.

EUR 256.60 in current trading

Targa Resources was trading at EUR 256.60 at Lang & Schwarz on October 12, 2026 at 12:10 p.m. CEST. The continuously updated real-time quote of Targa Resources stock.