Targa Resources stock: Scotiabank raises target for Targa Resources stock to USD 319.00

Published on 10/19/2026 at 16:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Targa Resources reports results on November 5, 2026. Targa Resources stock costs EUR 261.55 on October 19, 2026, down 0.50 percent on Nasdaq.

Analyst target and earnings date

Scotiabank raised its Targa Resources target from USD 314.00 to USD 319.00 on October 15, 2026.
Targa Resources will report third-quarter results on November 5, 2026.
Targa Resources stock costs EUR 261.55 at Lang & Schwarz on October 19, 2026 at 4:08 p.m. CEST, down 0.50 percent on Nasdaq versus the prior close of October 16, 2026.
Targa Resources has a P/E ratio of 27.94 and a market capitalization of USD 62.9 billion.

TRGP, US87612G1013, Illustration mit AI erstellt.

Scotiabank raised its Targa Resources price target from USD 314.00 to USD 319.00 on October 15, 2026, while keeping an Outperform rating, according to Markets Insider. The new target stands 8.72 percent above the Nasdaq price of USD 293.42 on October 19, 2026. At Lang & Schwarz, the stock was at EUR 261.55 on October 19, 2026 at 4:08 p.m. CEST, down 0.50 percent on Nasdaq versus the prior close of October 16, 2026.

November 5 results set the next test

Targa Resources is scheduled to report 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, according to GlobeNewswire. That date gives the analyst target its next clear test, particularly after Scotiabank said first-half performance had outpaced expectations while third-quarter levels looked more typical.

Second-quarter earnings set the base

For the second quarter of 2026, Targa reported revenue of USD 4.44 billion and diluted earnings per share of USD 3.54, compared with consensus earnings per share of USD 2.83, according to MarketBeat. Revenue was below the USD 4.90 billion consensus estimate, creating a mixed operating reference ahead of the next report. A dated company announcement on October 13, 2026 had also set a quarterly dividend of USD 1.25 per share, with payment scheduled for November 17, 2026.

Price position and valuation

The Nasdaq quote was USD 293.42 at 10:19 a.m. ET on October 19, 2026, with a 52-week range of USD 149.01 to USD 307.94. The Lang & Schwarz euro quote therefore sits 15.07 percent below the 52-week high when the comparison is kept in the euro quotation's own frame only by date and venue, not by currency conversion. Targa's market capitalization was USD 62.9 billion, its P/E ratio was 27.94 and its dividend yield was 0.02 percent.

Comparison with peers

TRGP (NYSE, USD): down 0.50 percent, P/E 27.94, market capitalization USD 62.9 billion.

Williams Companies (NYSE, USD): up 0.25 percent, P/E 28.37, market capitalization USD 87.4 billion.

Energy Transfer (NYSE, USD): up 1.84 percent, P/E 12.57, market capitalization USD 69.7 billion.

Price stays below the yearly high

For investors, the immediate tension is the gap between the USD 319.00 Scotiabank target and the October 19 Nasdaq price of USD 293.42, alongside a revenue estimate that fell short in the second quarter. The November 5 reporting date is the next scheduled company event.

Targa Resources was trading at EUR 261.55 at Lang & Schwarz on October 19, 2026 at 4:08 p.m. CEST, down 0.50 percent on Nasdaq versus the prior close of October 16, 2026.

The further course of trading is shown by the continuously updated real-time quote of Targa Resources stock.