Trgp stock price short-term forecasts for "TRGP stock

Short-term forecasts for "TRGP stock price" suggest a test of the $134 resistance zone. Analysts credit the company’s integrated asset base and stable throughput contracts as fundamental drivers for valuation. Furthermore, this growth potential is helped by Targa Resources Corp. (NYSE:TRGP)’s current trading valuation, which offers a significant discount versus the S&P 500 and its C-Corp peers, making the company an attractive investment opportunity, opines the firm’s analyst. Additionally, Targa Resources Corp. (NYSE:TRGP)’s strong asset portfolio, mainly its extensive midstream infrastructure in the Delaware and Midland basins, offers a competitive edge, added Thakkar. Members of Congress have traded $TRGP stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales. Institutional buying patterns suggest confidence in Q3 earnings, fueled by expanding pipeline infrastructure and capacity utilization rates.