8 Best Infrastructure Stocks to Buy with Highest Upside Potential

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6. Targa Resources Corp. (NYSE:TRGP)

On April 22, 2026, Morgan Stanley named Targa Resources Corp. (NYSE:TRGP) its top pick in the midstream energy infrastructure space. The firm said associated gas production in the Permian Basin could accelerate faster than the market expects as new pipeline takeaway projects come online in the second half of 2026. Morgan Stanley maintained an Overweight rating and a $327 price target on the shares.

On April 20, 2026, Goldman Sachs analyst John Mackay raised his price target on Targa Resources Corp. (NYSE:TRGP) to $268 from $242 while keeping a Buy rating. The firm said the sector has outperformed this year due to investor rotation into energy stocks and disruptions tied to Middle East tensions. Goldman added that rising U.S. natural gas demand from LNG exports and data center power needs, along with potential upside in Permian-related gas and water activity, remain key tailwinds.

Earlier in the month, Targa Resources Corp. (NYSE:TRGP) raised its quarterly dividend to $1.25 per share from $1.00. The dividend is scheduled to be paid on May 15, 2026, to shareholders of record as of April 30.

Targa Resources Corp. (NYSE:TRGP) owns, operates, acquires, and develops energy infrastructure assets across North America.

While we acknowledge the potential of TRGP to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TRGP and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Infrastructure Stocks to Buy with Highest Upside Potential.

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