Fintel reports that on October 7, 2025, JP Morgan maintained coverage of Targa Resources (NYSE:TRGP) with a Overweight recommendation.
Analyst Price Forecast Suggests 24.60% Upside
As of September 29, 2025, the average one-year price target for Targa Resources is $207.43/share. The forecasts range from a low of $160.80 to a high of $252.00. The average price target represents an increase of 24.60% from its latest reported closing price of $166.47 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Targa Resources is 25,490MM, an increase of 49.25%. The projected annual non-GAAP EPS is 7.56.
What is the Fund Sentiment?
There are 1,801 funds or institutions reporting positions in Targa Resources. This is an decrease of 53 owner(s) or 2.86% in the last quarter. Average portfolio weight of all funds dedicated to TRGP is 0.46%, an increase of 16.80%. Total shares owned by institutions increased in the last three months by 0.26% to 235,368K shares. 
The put/call ratio of TRGP is 0.41, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 18,023K shares representing 8.38% ownership of the company. In its prior filing, the firm reported owning 13,791K shares , representing an increase of 23.48%. The firm increased its portfolio allocation in TRGP by 7.07% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 6,978K shares representing 3.24% ownership of the company. In its prior filing, the firm reported owning 6,897K shares , representing an increase of 1.16%. The firm decreased its portfolio allocation in TRGP by 21.61% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 6,157K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 6,059K shares , representing an increase of 1.59%. The firm decreased its portfolio allocation in TRGP by 21.60% over the last quarter.
Geode Capital Management holds 5,857K shares representing 2.72% ownership of the company. In its prior filing, the firm reported owning 5,761K shares , representing an increase of 1.63%. The firm decreased its portfolio allocation in TRGP by 21.32% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 4,788K shares representing 2.22% ownership of the company. In its prior filing, the firm reported owning 4,697K shares , representing an increase of 1.89%. The firm decreased its portfolio allocation in TRGP by 19.24% over the last quarter.
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