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Plains GP (PAGP) Stock Forecast, Price Target & Predictions

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PAGP Stock Forecast

Plains GP stock forecast is as follows: an average price target of $21.50 (represents a -1.83% downside from PAGP’s last price of $21.90) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.

PAGP Price Target

The average price target for Plains GP (PAGP) is $21.50 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $20.00. This represents a potential -1.83% downside from PAGP's last price of $21.90.

PAGP Analyst Ratings

Buy

According to 11 Wall Street analysts, Plains GP's rating consensus is 'Buy'. The analyst rating breakdown for PAGP stock is 1 'Strong Buy' (9.09%), 6 'Buy' (54.55%), 2 'Hold' (18.18%), 2 'Sell' (18.18%), and 0 'Strong Sell' (0.00%).

Plains GP Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 18, 2024Michael BlumWells Fargo$20.00$18.1510.19%-8.68%
Aug 05, 2024Selman AkyolStifel Nicolaus$23.00$17.8129.14%5.02%
Apr 16, 2024Selman AkyolStifel Nicolaus$22.00$18.4819.05%0.46%
Apr 12, 2024Theresa ChenBarclays$18.00$18.96-5.06%-17.81%
Apr 12, 2024John MackayGoldman Sachs$16.00$18.96-15.61%-26.94%
Dec 09, 2022Citigroup$14.00$12.2614.19%-36.07%
Dec 02, 2022Truist Financial$15.00$12.9016.28%-31.51%
Nov 21, 2022J.P. Morgan$14.00$12.4612.36%-36.07%
Aug 14, 2022Selman AkyolStifel Nicolaus$16.00$11.8435.14%-26.94%
Aug 04, 2022UBS$18.00$11.3558.60%-17.81%
Jul 08, 2022UBS$17.00$10.3364.57%-22.37%
May 02, 2022Truist Financial$13.00$11.1816.28%-40.64%
Apr 28, 2022Wells Fargo$16.00$11.2841.84%-26.94%
Apr 26, 2022Morgan Stanley$15.00$11.2932.82%-31.51%
Apr 20, 2022Raymond James$13.00$12.275.95%-40.64%
Jan 25, 2022Jean Ann SalisburyBernstein$14.50$11.3427.87%-33.79%
Jul 13, 2021Timm SchneiderCitigroup$13.00$10.6322.30%-40.64%

The latest Plains GP stock forecast, released on Dec 18, 2024 by Michael Blum from Wells Fargo, set a price target of $20.00, which represents a 10.19% increase from the stock price at the time of the forecast ($18.15), and a -8.68% decrease from PAGP last price ($21.90).

Plains GP Price Target by Period

1M3M12M
# Anlaysts-15
Avg Price Target-$20.00$19.80
Last Closing Price$21.90$21.90$21.90
Upside/Downside-100.00%-8.68%-9.59%

In the current month, the average price target of Plains GP stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Plains GP's last price of $21.90. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Jan 10, 2025Wolfe ResearchOutperformOutperformUpgrade
Jun 10, 2024Morgan StanleyOverweightOverweightHold
May 06, 2024CitigroupNeutralNeutralHold
Apr 12, 2024BarclaysUnderweightUnderweightHold
Apr 12, 2024Goldman SachsSellSellHold
Apr 21, 2023Raymond JamesStrong BuyUpgrade
Dec 09, 2022CitigroupBuyInitialise
Aug 04, 2022UBSBuyBuyHold
Jul 19, 2022Bank of America SecuritiesNeutralUpgrade
Jul 08, 2022UBSBuyBuyHold
May 12, 2022Credit SuisseOutperformUpgrade
Apr 28, 2022Wells FargoOverweightOverweightHold
Apr 26, 2022Morgan StanleyOverweightOverweightHold
Apr 26, 2022Wolfe ResearchOutperformUpgrade
Jan 25, 2022BernsteinOutperformUpgrade

Plains GP's last stock rating was published by Wolfe Research on Jan 10, 2025. The company gave PAGP a "Outperform" rating, the same as its previous rate.

Plains GP Financial Forecast

Plains GP Revenue Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
Revenue----------------$12.70B$12.07B$11.60B$12.34B$12.95B$14.34B$16.36B$13.69B$12.95B$10.78B$9.93B$8.38B$5.96B$5.83B
Avg Forecast$11.09B$11.21B$11.33B$11.45B$15.37B$14.92B$14.47B$14.34B$14.58B$13.87B$13.56B$14.47B$14.68B$13.11B$12.41B$12.79B$11.49B$12.56B$12.78B$12.84B$15.01B$16.39B$14.62B$12.02B$9.69B$9.08B$8.20B$8.56B$5.71B$5.13B
High Forecast$11.90B$12.02B$12.15B$12.28B$16.48B$16.01B$15.52B$15.38B$15.64B$14.88B$14.55B$15.53B$15.74B$13.32B$12.41B$12.79B$12.32B$13.15B$13.71B$13.77B$15.08B$16.39B$14.62B$12.02B$9.69B$9.08B$8.20B$8.56B$5.71B$5.13B
Low Forecast$10.64B$10.76B$10.87B$10.99B$14.75B$14.32B$13.89B$13.76B$13.99B$13.31B$13.02B$13.89B$14.09B$12.89B$12.41B$12.79B$11.03B$12.01B$12.26B$12.32B$14.95B$16.39B$14.62B$12.02B$9.69B$9.08B$8.20B$8.56B$5.71B$5.13B
# Analysts111111111112211113111111111119
Surprise %----------------1.11%0.96%0.91%0.96%0.86%0.87%1.12%1.14%1.34%1.19%1.21%0.98%1.04%1.14%

Plains GP's average Quarter revenue forecast for Mar 24 based on 1 analysts is $12.79B, with a low forecast of $12.79B, and a high forecast of $12.79B. PAGP's average Quarter revenue forecast represents a 0.74% increase compared to the company's last Quarter revenue of $12.70B (Dec 23).

Plains GP EBITDA Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112211113111111111119
EBITDA----------------$690.00M$340.00M$745.00M$470.00M$390.00M$649.00M$394.00M$309.00M$526.00M$223.00M$218.00M$408.00M$219.00M$292.00M
Avg Forecast$417.87M$422.36M$426.89M$431.48M$579.01M$562.27M$545.28M$540.17M$549.37M$522.52M$511.03M$545.36M$553.05M$493.88M$467.53M$483.87M$432.86M$473.31M$481.43M$382.50M$479.92M$808.72M$721.06M$302.37M$478.11M$447.94M$404.47M$239.03M$281.70M$252.86M
High Forecast$448.23M$453.05M$457.91M$462.83M$621.08M$603.12M$584.90M$579.42M$589.29M$560.48M$548.17M$584.99M$593.24M$502.05M$467.53M$580.64M$464.32M$495.31M$516.41M$459.00M$575.90M$808.72M$721.06M$362.85M$478.11M$447.94M$404.47M$286.84M$281.70M$252.86M
Low Forecast$401.03M$405.34M$409.69M$414.10M$555.68M$539.61M$523.31M$518.40M$527.24M$501.47M$490.44M$523.39M$530.77M$485.70M$467.53M$387.09M$415.42M$452.45M$462.03M$306.00M$383.93M$808.72M$721.06M$241.90M$478.11M$447.94M$404.47M$191.22M$281.70M$252.86M
Surprise %----------------1.59%0.72%1.55%1.23%0.81%0.80%0.55%1.02%1.10%0.50%0.54%1.71%0.78%1.15%

1 analysts predict PAGP's average Quarter EBITDA for Mar 24 to be $483.87M, with a high of $580.64M and a low of $387.09M. This is -29.87% lower than Plains GP's previous annual EBITDA (Dec 23) of $690.00M.

Plains GP Net Income Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112211113111111111119
Net Income----------------$312.00M$203.00M$48.00M$443.00M$295.00M$384.00M$203.00M$209.00M$471.00M$-24.00M$-69.00M$70.00M$-20.00M$17.00M
Avg Forecast$57.13M$47.28M$43.34M$57.13M$67.68M$60.05M$53.27M$63.81M$90.99M$88.84M$85.19M$98.14M$98.04M$75.58M$77.69M$83.02M$78.33M$59.24M$50.91M$65.63M$76.64M$93.41M$81.27M$51.88M$43.34M$33.42M$45.80M$41.01M$41.97M$41.11M
High Forecast$62.53M$51.75M$47.43M$62.53M$74.07M$65.73M$58.30M$69.84M$99.58M$97.23M$93.24M$137.82M$107.31M$76.13M$77.82M$99.62M$99.69M$98.74M$55.72M$78.75M$91.97M$93.41M$81.27M$62.25M$43.34M$33.42M$45.80M$49.21M$41.97M$41.11M
Low Forecast$54.14M$44.80M$41.07M$54.14M$64.13M$56.91M$50.48M$60.47M$86.22M$84.19M$80.73M$58.47M$92.91M$75.02M$77.55M$66.41M$54.59M$32.91M$48.24M$52.50M$61.31M$93.41M$81.27M$41.50M$43.34M$33.42M$45.80M$32.81M$41.97M$41.11M
Surprise %----------------3.98%3.43%0.94%6.75%3.85%4.11%2.50%4.03%10.87%-0.72%-1.51%1.71%-0.48%0.41%

Plains GP's average Quarter net income forecast for Mar 24 is $83.02M, with a range of $66.41M to $99.62M. PAGP's average Quarter net income forecast represents a -73.39% decrease compared to the company's last Quarter net income of $312.00M (Dec 23).

Plains GP SG&A Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112211113111111111119
SG&A----------------$87.00M$92.00M$87.00M$87.00M$83.00M$83.00M$78.00M$83.00M$88.00M$68.00M$74.00M$68.00M$335.00M$316.00M
Avg Forecast$90.88M$91.85M$92.84M$93.84M$125.92M$122.28M$118.59M$117.48M$119.48M$113.64M$111.14M$118.61M$120.28M$107.41M$101.68M$80.64M$94.14M$102.94M$104.70M$63.75M$80.29M$134.35M$119.79M$50.40M$79.43M$74.41M$67.19M$39.84M$46.80M$42.01M
High Forecast$97.48M$98.53M$99.59M$100.66M$135.07M$131.17M$127.21M$126.01M$128.16M$121.90M$119.22M$127.22M$129.02M$109.19M$101.68M$96.77M$100.98M$107.72M$112.31M$76.50M$96.35M$134.35M$119.79M$60.47M$79.43M$74.41M$67.19M$47.81M$46.80M$42.01M
Low Forecast$87.22M$88.15M$89.10M$90.06M$120.85M$117.36M$113.81M$112.74M$114.67M$109.06M$106.66M$113.83M$115.43M$105.63M$101.68M$64.52M$90.35M$98.40M$100.48M$51.00M$64.23M$134.35M$119.79M$40.32M$79.43M$74.41M$67.19M$31.87M$46.80M$42.01M
Surprise %----------------0.92%0.89%0.83%1.36%1.03%0.62%0.65%1.65%1.11%0.91%1.10%1.71%7.16%7.52%

Plains GP's average Quarter SG&A projection for Mar 24 is $80.64M, based on 1 Wall Street analysts, with a range of $64.52M to $96.77M. The forecast indicates a -7.31% fall compared to PAGP last annual SG&A of $87.00M (Dec 23).

Plains GP EPS Forecast

Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20
# Analysts111111111112211113111111111119
EPS----------------$0.45$0.20$0.25$2.28$1.52$0.36$0.16$1.08$2.43$-0.12$-0.35$0.36$-0.11$0.09
Avg Forecast$0.29$0.24$0.22$0.29$0.34$0.30$0.27$0.32$0.46$0.45$0.43$0.50$0.50$0.38$0.39$0.47$0.40$0.30$0.26$0.43$0.40$0.47$0.41$0.49$0.22$0.17$0.23$0.27$0.21$0.21
High Forecast$0.32$0.26$0.24$0.32$0.38$0.33$0.30$0.35$0.51$0.49$0.47$0.70$0.54$0.39$0.40$0.47$0.51$0.50$0.28$0.47$0.41$0.47$0.41$0.49$0.22$0.17$0.23$0.27$0.21$0.21
Low Forecast$0.27$0.23$0.21$0.27$0.33$0.29$0.26$0.31$0.44$0.43$0.41$0.30$0.47$0.38$0.39$0.47$0.28$0.17$0.24$0.41$0.40$0.47$0.41$0.49$0.22$0.17$0.23$0.27$0.21$0.21
Surprise %----------------1.13%0.67%0.97%5.28%3.77%0.76%0.39%2.21%11.05%-0.71%-1.51%1.33%-0.52%0.43%

According to 1 Wall Street analysts, Plains GP's projected average Quarter EPS for Mar 24 is $0.47, with a low estimate of $0.47 and a high estimate of $0.47. This represents a 4.56% increase compared to PAGP previous annual EPS of $0.45 (Dec 23).

Plains GP Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
GELGenesis Energy$10.47$13.0024.16%Buy
PAGPPlains GP$21.90$21.50-1.83%Buy
WESWestern Midstream Partners, LP$41.80$41.00-1.91%Hold
PAAPlains All American Pipeline$20.64$20.00-3.10%Hold
MPLXMPLX LP$51.70$48.67-5.86%Buy
TRGPTarga Resources$202.86$182.86-9.86%Buy
HESMHess Midstream LP$41.70$34.33-17.67%Hold
DTMDT Midstream$100.56$82.00-18.46%Buy

PAGP Forecast FAQ

Is Plains GP a good buy?

Yes, according to 11 Wall Street analysts, Plains GP (PAGP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 6 'Buy' recommendations, accounting for 63.64% of PAGP's total ratings.

What is PAGP's price target?

Plains GP (PAGP) average price target is $21.5 with a range of $20 to $23, implying a -1.83% from its last price of $21.9. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Plains GP stock go up soon?

According to Wall Street analysts' prediction for PAGP stock, the company can go down by -1.83% (from the last price of $21.9 to the average price target of $21.5), up by 5.02% based on the highest stock price target, and down by -8.68% based on the lowest stock price target.

Can Plains GP stock reach $30?

PAGP's average twelve months analyst stock price target of $21.5 does not support the claim that Plains GP can reach $30 in the near future.

What are Plains GP's analysts' financial forecasts?

Plains GP's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $59.1B (high $63.39B, low $56.72B), average EBITDA is $2.23B (high $2.39B, low $2.14B), average net income is $244.81M (high $267.94M, low $231.99M), average SG&A $484.27M (high $519.46M, low $464.76M), and average EPS is $1.24 (high $1.36, low $1.18). PAGP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $45.08B (high $48.36B, low $43.27B), average EBITDA is $1.7B (high $1.82B, low $1.63B), average net income is $204.88M (high $224.23M, low $194.15M), average SG&A $369.41M (high $396.26M, low $354.53M), and average EPS is $1.04 (high $1.14, low $0.986).

Did the PAGP's actual financial results beat the analysts' financial forecasts?

Based on Plains GP's last annual report (Dec 2023), the company's revenue was $48.71B, which missed the average analysts forecast of $49.67B by -1.93%. Apple's EBITDA was $2.41B, beating the average prediction of $1.77B by 35.92%. The company's net income was $1.22B, beating the average estimation of $254.11M by 382.08%. Apple's SG&A was $350M, missing the average forecast of $365.53M by -4.25%. Lastly, the company's EPS was $1.75, beating the average prediction of $1.39 by 26.00%. In terms of the last quarterly report (Dec 2023), Plains GP's revenue was $12.7B, beating the average analysts' forecast of $11.49B by 10.53%. The company's EBITDA was $690M, beating the average prediction of $432.86M by 59.40%. Plains GP's net income was $312M, beating the average estimation of $78.33M by 298.32%. The company's SG&A was $87M, missing the average forecast of $94.14M by -7.58%. Lastly, the company's EPS was $0.45, beating the average prediction of $0.398 by 13.18%