Targa Resources Surges to 465th in Trading Volume Despite Stock Price Decline

On July 16, 2025, Targa Resources (TRGP) saw a significant increase in trading volume, with a turnover of $225 million, marking a 47.88% rise from the previous day. This surge placed Targa Resources at the 465th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Targa Resources declined by 1.96%, marking the second consecutive day of decline, with a total decrease of 3.75% over the past two days.

Scotiabank has raised its price target for Targa Resources from $197.00 to $201.00, maintaining a "sector outperform" rating. This adjustment reflects the bank's positive outlook on the company's future performance.

Analysts' 12-month price targets for Targa Resources reveal an average target of $201.47, with a high estimate of $228.00 and a low estimate of $178.00. This indicates a generally optimistic view among analysts regarding the stock's potential for growth.

RBC Capital Markets has expressed confidence in Targa Resources' growth prospects for the second half of 2025 and into 2026. The firm's positive outlook is likely to influence investor sentiment and potentially drive the stock price higher in the coming months.

UBS Group has also adjusted its price target for Targa Resources, lowering it from $259.00 to $228.00 while maintaining a "buy" rating. This revision suggests that while the firm remains bullish on the stock, it has tempered its expectations for near-term gains.