Targa Resources Stock Surge: Upside Potential

Targa Resources, a major player in midstream energy infrastructure, recently hit an all-time high of $218.51 per share. Despite a recent dip, the stock has surged 11.6% over the past three months, outperforming the Dow Jones Industrial Average. While Targa has underperformed the Dow over the past year, recent trends suggest a positive shift. The companys stock moved above its 50-day and 200-day moving averages in November and saw a 5.3% gain after releasing strong third-quarter results. With 22 analysts rating the stock a Strong Buy, investors anticipate a 15.1% upside from current levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.