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Barchart
Barchart
Aritra Gangopadhyay

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

Houston, Texas-based Targa Resources Corp. (TRGP) owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. The company has a market cap of $59.1 billion and operates in two segments: Gathering and Processing and Logistics and Transportation, and is involved in gathering, compressing, treating, processing, transporting, and selling natural gas, and more.

TRGP stock has outpaced the broader market over the past year, growing 66.6% compared to the S&P 500 Index’s ($SPX) 20.4% surge. Moreover, in 2026, the stock has risen nearly 49.5%, outperforming the SPX’s 13.7% gain.

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