Targa Resources Upgraded to Buy with $350 Price Target

Key Facts

1TD Cowen upgraded Targa Resources from Hold to Buy and raised its price target from $275 to $350.

2The company reported a 38% year-over-year increase in adjusted EBITDA to $1.603 billion for Q2 2026.

TD Cowen upgraded Targa Resources from Hold to Buy and raised its price target from $275 to $350. AD HOC NEWS reported that the upgrade follows strong financial results, with the company delivering a 38% year-over-year increase in adjusted EBITDA to $1.603 billion for the second quarter of 2026.

TRGP closed at $281.74 on October 2, 2026, with the stock trading between a session low of $275.74 and a high of $281.91. The analyst upgrade reflects a positive outlook on the company's expansion plans and sustained fundamental growth within its energy infrastructure operations.