---
title: "BUZZ-Street View: Brokerages lift Targa Resources PT after earnings beat, stronger forecast"
description: "Targa Resourcesexceeded fourth-quarter profit estimates, driven by increased demand and transport volumes, leading to a 1.9% rise in shares to $228.38. Analysts are optimistic, with Raymond James rais"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276458040.md"
published_at: "2026-02-20T15:14:17.000Z"
---

# BUZZ-Street View: Brokerages lift Targa Resources PT after earnings beat, stronger forecast

> Targa Resourcesexceeded fourth-quarter profit estimates, driven by increased demand and transport volumes, leading to a 1.9% rise in shares to $228.38. Analysts are optimistic, with Raymond James raising the price target (PT) to $255, citing strong cash flow and dividend growth potential. Barclays increased its PT to $226, highlighting sustained volume growth and project execution. Stifel raised its PT to $243, noting reduced capex as major projects come online, allowing for potential shareholder returns through dividends and buybacks.

Pipeline operator Targa Resources (TRGP.N) beat fourth-quarter adjusted core profit estimates on Thursday, helped by stronger demand and higher natural gas and NGL transport volumes

Targa shares rise 1.9% to $228.38 in morning trading

### ANALYSTS BULLISH ON TARGA

Raymond James (“strong buy”) raises PT to $255 from $230, says company’s strong balance sheet and cash flow still support meaningful dividend growth, opportunistic buybacks, and potential select cash mergers and acquisitions

Barclays (“neutral”) raises PT to $226 from $191, says sustained inlet volume growth, strong commercial execution, and timely, on​-​budget delivery of projects should continue to support solid performance even amid a period of elevated spending

Brokerage Stifel (“Buy”) raises PT to $243 from $213, says capex should fall as some of its largest projects enter service in late 2027

Adds that this would allow the company to return cash to shareholders either through higher dividends or share repurchases, or more likely both

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.