Targa Resources stock: Jefferies cuts target to USD 326.00 from USD 345.00
Published on 10/21/2026 at 16:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Jefferies lowered its Targa Resources target to USD 326.00 from USD 345.00 on October 15, 2026.
- Second-quarter revenue rose 4.20 percent to USD 4.44 billion.
- Targa Resources stock costs EUR 262.60 at Lang & Schwarz on October 21, 2026 at 4:10 p.m. CEST.
- Targa Resources will report third-quarter 2026 results on November 5, 2026.
Jefferies lowered its Targa Resources price target to USD 326.00 from USD 345.00 on October 15, 2026, while keeping a Buy rating, according to Markets Insider. Targa Resources was trading at EUR 262.60 at Lang & Schwarz on October 21, 2026 at 4:10 p.m. CEST.
Revenue reached USD 4.44 billion
Targa reported second-quarter 2026 revenue of USD 4.44 billion, up 4.20 percent from USD 4.26 billion a year earlier. Net income reached USD 764.60 million, compared with USD 629.10 million in the second quarter of 2025, according to Simply Wall St.
Stock sits below its yearly high
The NYSE-listed stock was trading at USD 295.44 on October 21, 2026 at 10:21 a.m. EDT. That put it USD 12.50, or 4.06 percent, below its 52-week high of USD 307.94 and USD 145.44 above its 52-week low of USD 150.00. The market capitalization was USD 63.4 billion and the price-to-earnings ratio was 28.15.
November 5 results set the next date
Targa's board declared a quarterly dividend of USD 1.25 per common share on October 13, 2026, payable November 17 to shareholders of record on October 30, according to Markets Insider. The same release said third-quarter 2026 results would be reported before the market opens on November 5, 2026.
Comparison with peers
Targa Resources: 2.00 percent dividend yield, P/E 28.15, market capitalization USD 63.4 billion. Kinder Morgan: 3.00 percent dividend yield, P/E 21.77, market capitalization USD 75.5 billion. The Williams Companies: 3.00 percent dividend yield, P/E 28.79, market capitalization USD 88.6 billion.
What the target change means
Jefferies' revised USD 326.00 target remains above the USD 295.44 NYSE price, while the second-quarter figures point to faster earnings growth than revenue growth. The next scheduled report will test whether that operating pattern continued in the third quarter.
The further course of trading is shown by the continuously updated real-time quote of Targa Resources stock.
Targa Resources market data
- Company: Targa Resources Corp.
- ISIN: US87612G1013
- Ticker: TRGP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 21, 2026, 4:10 p.m. CEST): EUR 262.60
- Market capitalization: USD 63.4 billion (as of October 21, 2026)
- 52-week range: USD 150.00-307.94 (as of October 21, 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.
