Royal Bank Of Canada Forecasts Strong Price Appreciation for Targa Resources (NYSE:TRGP) Stock

NodeGuardian · 2026-03-15T12:08:50+00:00

Royal Bank of Canada raised Targa Resources' price target to $260, maintaining an "outperform" rating, after Targa beat EPS estimates but missed revenue forecasts, despite significant insider share sales.

NodeGuardian

2026-03-15 12:08:50

Abstract generation in progress

Royal Bank of Canada has raised its price target for Targa Resources (NYSE:TRGP) to $260 from $218, maintaining an “outperform” rating and implying a 10.49% upside. This follows Targa’s recent quarterly earnings report where it surpassed EPS estimates but slightly missed revenue projections. Insiders also sold a substantial amount of shares, totaling approximately $7.6 million.

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