Where Targa Resources Stands With Analysts
Portfolio Pulse from Benzinga Insights
Targa Resources (NYSE:TRGP) has seen varied analyst ratings over the last three months, with a shift towards more bullish perspectives in the last 30 days. The average 12-month price target for TRGP has increased to $112.5, up 5.47% from the previous $106.67. Analysts from firms like Barclays, JP Morgan, and Citigroup have adjusted their ratings and price targets, reflecting a positive outlook on TRGP's performance. Despite facing challenges in revenue growth and net margin, TRGP's market capitalization and ROE indicate investor confidence and financial efficiency.
March 19, 2024 | 6:00 pm
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POSITIVE IMPACT
Targa Resources has received more bullish ratings from analysts, with an updated average price target of $112.5, indicating a positive outlook on the stock's future performance.
The increase in bullish ratings and the upward revision of the average price target to $112.5 reflect analysts' growing confidence in Targa Resources. This positive sentiment, based on the company's market position and financial indicators like ROE, suggests a likely short-term appreciation in TRGP's stock price. However, challenges in revenue growth and net margin, along with a high debt-to-equity ratio, introduce some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100