Morgan Stanley, Scotiabank Raise Targa Resources Targets to $266 and $224
Targa Resources has a $213 consensus price target implying 3.6% upside as of February 6, 2026, with over 90% of analysts holding bullish ratings. Morgan Stanley raised its target to $266 and Scotiabank lifted theirs to $224 while maintaining overweight and outperform ratings respectively.
1. Consensus Price Target and Analyst Sentiment
As of February 6, 2026, analysts have set a $213 consensus price target for Targa Resources, reflecting a 3.6% upside. More than 90% of covering analysts maintain bullish ratings, indicating broad confidence in the company’s midstream energy outlook.
2. Morgan Stanley Price Target Revision
On January 28, Morgan Stanley raised its price target for Targa Resources to $266 from $264 while maintaining an Overweight rating. The update followed a strong start to earnings season and stable commodity prices driving sector performance.
3. Scotiabank Price Target Revision
On January 16, Scotiabank increased its target on Targa Resources to $224 from $199 and kept an Outperform rating. The bank highlighted tailwinds from growing LNG exports and rising power demand as key drivers for the upward revision.
4. Business Overview
Targa Resources is a midstream energy company providing natural gas gathering, processing, transportation and natural gas liquids logistics services. Its operations support U.S. production, power demand and expanding LNG export capacity.