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Scotiabank raises Targa Resources price target to $319, citing strong momentum and a $1.25 dividend.

Analyst Insights
15 Oct 2026
Tony Dante
View Source
Bullish
Scotiabank raises Targa Resources price target to $319, citing strong momentum and a $1.25 dividend.

Scotiabank increased its price target for Targa Resources to $319 from $314, indicating a potential 12.7% upside from the current share price of around $283. Targa Resources, a key player in the midstream energy sector, is recognized as a top momentum stock by Zacks Investment Research. The company declared a third-quarter dividend of $1.25 per share, payable November 17, and will release its Q3 earnings on November 5. This price target raise reflects confidence in Targa's recent strong price trends and upcoming financial results.

As of Oct 16, 2026 01:02 WIB, Targa Resources (TRGP) trades on Pluang at USD 282.22, down 2.99% for the day. The stock's market capitalization stands at $62.38 billion with a dividend yield of 1.72%. This trading data provides a snapshot of investor activity as the company approaches its Q3 earnings release on November 5.

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