Targa Resources Corp. (TRGP) is valued at $35.1 billion and operates in the midstream energy infrastructure sector, headquartered in Houston, Texas. TRGP shares have slightly underperformed over the past year, gaining 14.3% compared to the S&P 500’s 16.4% rise, but outpaced XLE with a 5.5% drop.

After releasing its Q2 earnings, TRGP shares rose 2.4% as total revenues surged 20% to $4.26 billion, with net income increasing to $629.1 million. Adjusted EBITDA also climbed 18% to $1.163 billion. The company reaffirms its 2025 adjusted EBITDA guidance and analysts expect EPS to grow 30.8% year over year.

Analysts maintain a “Strong Buy” rating on TRGP, with a mean price target of $205.43, representing a 27.9% upside potential. Scotiabank raised its price target to $204, noting the potential benefits for gas-levered companies like Targa from shale well dynamics and hydrocarbon streams.

Read more at Yahoo Finance: What Are Wall Street Analysts’ Target Price for Targa Resources Stock?