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Barchart
Barchart
Aditya Sarawgi

Targa Resources Stock Outlook: Is Wall Street Bullish or Bearish?

Targa Resources TRGP

Houston, Texas-based Targa Resources Corp. (TRGP) owns, operates, acquires, and develops a portfolio of complementary domestic midstream infrastructure assets in North America. With a market cap of $31.6 billion, Targa Resources operates through Gathering & Processing, and Logistics & Transportation segments.

The midstream giant has substantially outperformed the broader market over the past year. Over the past 52 weeks, TRGP surged 70.7%, outpacing the S&P 500 Index’s ($SPX) 27% returns. In 2024, TRGP is up 64.4% compared to SPX’s 16.8% gains on a YTD basis.

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