Targa Resources Corp. (NYSE: TRGP) is one of the best cheap growth stocks to buy according to analysts. On August 8, 2025, Wells Fargo analyst Michael Blum reiterated an Overweight rating on Targa Resources and raised the firm’s price target from $198 to $205. The rating was maintained following the company’s second-quarter performance, which Wells Fargo considered to be in line with expectations.
The updated price target reflected continued confidence in Targa’s 2025 guidance as well as anticipated volume growth in the Permian Basin. While these forward-looking assessments were not directly quoted from the analyst, they align with broader interpretations of the firm’s outlook. The reaffirmation suggests that Targa remains well positioned within the midstream space despite sector-wide volatility.
Targa Resources Corp. (NYSE: TRGP), headquartered in Houston, Texas, is a leading provider of midstream natural gas and natural gas liquids services. The company operates a vast network of pipelines, processing plants, and storage facilities, primarily focused on the Permian Basin and other key shale regions in the United States.
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