Targa Resources stock: BMO lifts target for Targa Resources stock to USD 328.00

Published on 10/24/2026 at 00:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 4.44 billion against USD 4.90 billion consensus. Targa Resources stock pays a USD 1.25 dividend on November 17, 2026.

Analyst revision and operating scale

BMO Capital raised its Targa Resources target to USD 328.00 from USD 303.00 on October 21, 2026.
Second-quarter revenue reached USD 4.44 billion against USD 4.90 billion consensus.
Targa Resources had a USD 64.8 billion market capitalization on October 23, 2026.

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Targa Resources (ISIN US87612G1013) drew a higher valuation from BMO Capital on October 21, 2026, when the firm lifted its price target to USD 328.00 from USD 303.00 and kept an Outperform rating, Markets Insider reported. The revision puts analyst expectations above the company's latest operating snapshot, but it also highlights a more selective market view of energy infrastructure.

Second-quarter figures show mixed signals

For the second quarter ended June 30, 2026, Targa Resources reported USD 4.44 billion in revenue versus USD 4.90 billion of consensus estimates. Earnings per share reached USD 3.54 against USD 2.83 expected, according to MarketBeat. The comparison matters because the quarter combined a revenue shortfall with an earnings-per-share result USD 0.71 above consensus.

Three target changes set the tone

The recent sequence began on October 13, 2026, when Targa declared a USD 1.25 quarterly dividend, according to Targa Resources. Jefferies then cut its target from USD 345.00 to USD 326.00 on October 15, 2026, Markets Insider reported. BMO's October 21, 2026, increase to USD 328.00 from USD 303.00 was the latest move.

What does the target change mean?

BMO's new target is 8.25 percent above its prior USD 303.00 level. The same report cited rising power and gas demand, while pointing to higher rates, data-center affordability and permitting scrutiny as factors creating greater dispersion among energy infrastructure stocks.

Two dates matter next

October 30, 2026, is the record date for the USD 1.25 dividend, while November 5, 2026, is the scheduled release date for third-quarter results and the related webcast, according to Targa Resources. The next report will test whether the second-quarter earnings strength can offset the revenue gap against expectations.

Market value remains substantial

Targa Resources had a market capitalization of USD 64.8 billion on October 23, 2026. The company operates midstream infrastructure for natural gas and natural gas liquids and is listed on the NYSE.