Targa Resources (TRGP) Stock Forecast, Price Target & Predictions
TRGP Stock Forecast
Targa Resources stock forecast is as follows: an average price target of $117.75 (represents a -30.41% downside from TRGP’s last price of $169.20) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
TRGP Price Target
TRGP Analyst Ratings
Targa Resources Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Oct 22, 2024 | Gabriel Moreen | Mizuho Securities | $181.00 | $161.71 | 11.93% | 6.97% |
Oct 17, 2024 | Jean Ann Salisbury | Bank of America Securities | $182.00 | $162.63 | 11.91% | 7.57% |
Oct 16, 2024 | Elvira Scotto | RBC Capital | $172.00 | $162.02 | 6.16% | 1.65% |
Oct 03, 2024 | Theresa Chen | Barclays | $155.00 | $153.24 | 1.15% | -8.39% |
Jul 30, 2024 | Sunil Sibal | Seaport Global | $141.00 | $134.14 | 5.11% | -16.67% |
Jul 17, 2024 | Tristan Richardson | Scotiabank | $142.00 | $136.22 | 4.24% | -16.08% |
Jun 26, 2024 | John Staszak | Argus Research | $140.00 | $129.83 | 7.83% | -17.26% |
Jun 07, 2024 | Neal Dingmann | Truist Financial | $125.00 | $118.00 | 5.93% | -26.12% |
May 16, 2024 | Elvira Scotto | RBC Capital | $128.00 | $115.58 | 10.75% | -24.35% |
Apr 09, 2024 | Christine Cho | Barclays | $122.00 | $114.41 | 6.63% | -27.90% |
Targa Resources Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 3 | 4 | 12 |
Avg Price Target | $178.33 | $172.50 | $144.83 |
Last Closing Price | $169.20 | $169.20 | $169.20 |
Upside/Downside | 5.40% | 1.95% | -14.40% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Oct 29, 2024 | Seaport Global | Buy | Buy | Hold |
Oct 16, 2024 | RBC Capital | Outperform | Outperform | Hold |
Oct 03, 2024 | Barclays | Overweight | Overweight | Hold |
Aug 13, 2024 | RBC Capital | Outperform | Outperform | Hold |
Jul 30, 2024 | Seaport Global | Buy | Buy | Hold |
Jul 17, 2024 | Scotiabank | Outperform | Outperform | Hold |
Jul 03, 2024 | Barclays | Overweight | Overweight | Hold |
Jun 20, 2024 | RBC Capital | Outperform | Outperform | Hold |
Jun 11, 2024 | UBS | Buy | Buy | Hold |
Jun 10, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Targa Resources Financial Forecast
Targa Resources Revenue Forecast
Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.24B | $3.90B | $3.40B | $4.52B | $4.55B | $5.36B | $6.06B | $4.96B | $5.44B | $4.46B | $3.42B | $3.63B | $2.57B | $2.12B |
Avg Forecast | $7.54B | $7.16B | $6.79B | $6.44B | $6.94B | $6.39B | $6.03B | $6.18B | $5.70B | $5.16B | $4.96B | $4.83B | $4.31B | $4.06B | $4.47B | $4.30B | $3.85B | $4.54B | $4.36B | $5.28B | $5.73B | $6.71B | $5.75B | $4.94B | $4.48B | $3.75B | $3.12B | $2.61B | $2.22B | $1.98B |
High Forecast | $7.54B | $7.16B | $6.79B | $6.44B | $6.94B | $6.39B | $6.03B | $6.18B | $5.70B | $5.16B | $4.96B | $4.83B | $4.31B | $4.92B | $4.47B | $4.30B | $4.77B | $6.40B | $4.36B | $5.28B | $5.73B | $6.71B | $5.75B | $4.94B | $4.48B | $3.75B | $3.12B | $2.61B | $2.22B | $1.98B |
Low Forecast | $7.54B | $7.16B | $6.79B | $6.44B | $6.94B | $6.39B | $6.03B | $6.18B | $5.70B | $5.16B | $4.96B | $4.83B | $4.31B | $3.50B | $4.47B | $4.30B | $3.34B | $3.31B | $4.36B | $5.28B | $5.73B | $6.71B | $5.75B | $4.94B | $4.48B | $3.75B | $3.12B | $2.61B | $2.22B | $1.98B |
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 0.86% | 0.78% | 0.86% | 0.79% | 0.80% | 1.05% | 1.00% | 1.21% | 1.19% | 1.09% | 1.39% | 1.16% | 1.07% |
Targa Resources EBITDA Forecast
Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $115.50M | $322.30M | $398.40M | $1.16B | $881.30M | $704.30M | $689.90M | $504.90M | $1.10M | $498.10M | $177.90M | $264.50M | $189.20M | $402.60M |
Avg Forecast | $1.86B | $1.77B | $1.68B | $1.59B | $1.71B | $1.58B | $1.49B | $1.53B | $1.41B | $1.27B | $1.22B | $1.19B | $1.06B | $1.00B | $1.10B | $742.87M | $950.72M | $1.12B | $1.08B | $675.33M | $4.60M | $1.66B | $1.42B | $533.86M | $1.11B | $926.54M | $771.56M | $422.02M | $549.28M | $488.24M |
High Forecast | $1.86B | $1.77B | $1.68B | $1.59B | $1.71B | $1.58B | $1.49B | $1.53B | $1.41B | $1.27B | $1.22B | $1.19B | $1.06B | $1.22B | $1.10B | $891.44M | $1.18B | $1.58B | $1.08B | $810.40M | $5.52M | $1.66B | $1.42B | $640.63M | $1.11B | $926.54M | $771.56M | $506.43M | $549.28M | $488.24M |
Low Forecast | $1.86B | $1.77B | $1.68B | $1.59B | $1.71B | $1.58B | $1.49B | $1.53B | $1.41B | $1.27B | $1.22B | $1.19B | $1.06B | $865.35M | $1.10B | $594.29M | $823.96M | $818.09M | $1.08B | $540.27M | $3.68M | $1.66B | $1.42B | $427.09M | $1.11B | $926.54M | $771.56M | $337.62M | $549.28M | $488.24M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.12% | 0.29% | 0.37% | 1.72% | 191.44% | 0.43% | 0.49% | 0.95% | 0.00% | 0.54% | 0.23% | 0.63% | 0.34% | 0.82% |
Targa Resources Net Income Forecast
Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.26B | $220.00M | $329.30M | $497.00M | $318.00M | $279.30M | $596.40M | $168.60M | $-249.20M | $182.20M | $56.20M | $146.40M | $33.60M | $69.30M |
Avg Forecast | $492.33M | $492.44M | $472.62M | $484.30M | $515.96M | $411.98M | $375.00M | $402.82M | $488.58M | $428.20M | $393.97M | $410.23M | $393.34M | $346.61M | $284.74M | $288.02M | $324.36M | $265.05M | $273.53M | $261.83M | $-1.31B | $268.29M | $241.42M | $206.98M | $143.26M | $111.24M | $65.35M | $163.62M | $68.62M | $31.22M |
High Forecast | $492.33M | $492.44M | $472.62M | $484.30M | $515.96M | $411.98M | $375.00M | $402.82M | $488.58M | $428.20M | $393.97M | $410.23M | $393.34M | $392.68M | $291.35M | $345.62M | $383.14M | $331.85M | $278.02M | $314.20M | $-1.05B | $275.24M | $248.81M | $248.38M | $143.26M | $111.24M | $65.35M | $196.35M | $68.62M | $31.22M |
Low Forecast | $492.33M | $492.44M | $472.62M | $484.30M | $515.96M | $411.98M | $375.00M | $402.82M | $488.58M | $428.20M | $393.97M | $410.23M | $393.34M | $278.61M | $278.12M | $230.41M | $276.47M | $215.49M | $269.05M | $209.47M | $-1.57B | $261.35M | $234.02M | $165.59M | $143.26M | $111.24M | $65.35M | $130.90M | $68.62M | $31.22M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.88% | 0.83% | 1.20% | 1.90% | -0.24% | 1.04% | 2.47% | 0.81% | -1.74% | 1.64% | 0.86% | 0.89% | 0.49% | 2.22% |
Targa Resources SG&A Forecast
Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $95.30M | $90.00M | $81.00M | $82.40M | $92.50M | $79.10M | $71.00M | $67.10M | $80.80M | $67.30M | $63.70M | $61.40M | $74.00M | $58.60M |
Avg Forecast | $175.61M | $166.64M | $158.12M | $150.04M | $161.63M | $148.79M | $140.35M | $143.84M | $132.82M | $120.06M | $115.40M | $112.52M | $100.37M | $94.54M | $104.17M | $120.79M | $89.66M | $105.82M | $101.61M | $109.81M | $338.15M | $156.20M | $133.99M | $86.81M | $104.31M | $87.38M | $72.77M | $68.62M | $51.80M | $46.05M |
High Forecast | $175.61M | $166.64M | $158.12M | $150.04M | $161.63M | $148.79M | $140.35M | $143.84M | $132.82M | $120.06M | $115.40M | $112.52M | $100.37M | $114.61M | $104.17M | $144.95M | $110.98M | $149.07M | $101.61M | $131.78M | $405.78M | $156.20M | $133.99M | $104.17M | $104.31M | $87.38M | $72.77M | $82.35M | $51.80M | $46.05M |
Low Forecast | $175.61M | $166.64M | $158.12M | $150.04M | $161.63M | $148.79M | $140.35M | $143.84M | $132.82M | $120.06M | $115.40M | $112.52M | $100.37M | $81.61M | $104.17M | $96.64M | $77.71M | $77.15M | $101.61M | $87.85M | $270.52M | $156.20M | $133.99M | $69.45M | $104.31M | $87.38M | $72.77M | $54.90M | $51.80M | $46.05M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 0.85% | 0.80% | 0.75% | 0.27% | 0.51% | 0.53% | 0.77% | 0.77% | 0.77% | 0.88% | 0.89% | 1.43% | 1.27% |
Targa Resources EPS Forecast
Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 5 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.61 | $0.98 | $1.46 | $0.03 | $0.09 | $1.23 | $1.64 | $0.74 | $-1.09 | $0.70 | $0.15 | $0.54 | $1.15 | $0.16 |
Avg Forecast | $2.22 | $2.22 | $2.13 | $2.18 | $2.33 | $1.86 | $1.69 | $1.82 | $2.20 | $1.93 | $1.78 | $1.85 | $1.77 | $1.56 | $1.28 | $1.31 | $1.46 | $1.19 | $1.23 | $1.44 | $1.37 | $1.21 | $1.09 | $0.98 | $0.65 | $0.50 | $0.29 | $0.15 | $0.31 | $0.14 |
High Forecast | $2.22 | $2.22 | $2.13 | $2.18 | $2.33 | $1.86 | $1.69 | $1.82 | $2.20 | $1.93 | $1.78 | $1.85 | $1.77 | $1.77 | $1.31 | $1.31 | $1.73 | $1.50 | $1.25 | $1.44 | $1.37 | $1.24 | $1.12 | $0.98 | $0.65 | $0.50 | $0.29 | $0.15 | $0.31 | $0.14 |
Low Forecast | $2.22 | $2.22 | $2.13 | $2.18 | $2.33 | $1.86 | $1.69 | $1.82 | $2.20 | $1.93 | $1.78 | $1.85 | $1.77 | $1.26 | $1.25 | $1.31 | $1.25 | $0.97 | $1.21 | $1.43 | $1.37 | $1.18 | $1.05 | $0.98 | $0.65 | $0.50 | $0.29 | $0.15 | $0.31 | $0.14 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.84% | 0.82% | 1.18% | 0.02% | 0.06% | 1.02% | 1.51% | 0.75% | -1.69% | 1.40% | 0.51% | 3.61% | 3.72% | 1.14% |
Targa Resources Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
WES | Western Midstream Partners, LP | $36.81 | $38.17 | 3.69% | Hold |
HESM | Hess Midstream LP | $34.54 | $34.33 | -0.61% | Hold |
PAA | Plains All American Pipeline | $16.71 | $15.77 | -5.63% | Hold |
ENLC | EnLink Midstream | $14.94 | $13.86 | -7.23% | Hold |
PAGP | Plains GP | $17.84 | $16.05 | -10.03% | Buy |
MPLX | MPLX LP | $44.32 | $39.09 | -11.80% | Buy |
TRGP | Targa Resources | $169.20 | $117.75 | -30.41% | Buy |
TRGP Forecast FAQ
Is Targa Resources a good buy?
Yes, according to 10 Wall Street analysts, Targa Resources (TRGP) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 9 'Buy' recommendations, accounting for 100.00% of TRGP's total ratings.
What is TRGP's price target?
Targa Resources (TRGP) average price target is $117.75 with a range of $45 to $182, implying a -30.41% from its last price of $169.2. The data is based on 10 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Targa Resources stock go up soon?
According to Wall Street analysts' prediction for TRGP stock, the company can go down by -30.41% (from the last price of $169.2 to the average price target of $117.75), up by 7.57% based on the highest stock price target, and down by -73.40% based on the lowest stock price target.
Can Targa Resources stock reach $300?
TRGP's average twelve months analyst stock price target of $117.75 does not support the claim that Targa Resources can reach $300 in the near future.
What is Targa Resources's current price target trend?
3 Wall Street analysts forecast a $178.33 price target for Targa Resources (TRGP) this month, up 5.40% from its last price of $169.2. Compared to the last 3 and 12 months, the average price target increased by 1.95% and decreased by -14.40%, respectively.
What are Targa Resources's analysts' financial forecasts?
Targa Resources's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $25.53B (high $25.53B, low $25.53B), average EBITDA is $6.3B (high $6.3B, low $6.3B), average net income is $1.71B (high $1.71B, low $1.71B), average SG&A $594.6M (high $594.6M, low $594.6M), and average EPS is $7.69 (high $7.69, low $7.69). TRGP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $27.93B (high $27.93B, low $27.93B), average EBITDA is $6.9B (high $6.9B, low $6.9B), average net income is $1.94B (high $1.94B, low $1.94B), average SG&A $650.41M (high $650.41M, low $650.41M), and average EPS is $8.75 (high $8.75, low $8.75).
Did the TRGP's actual financial results beat the analysts' financial forecasts?
Based on Targa Resources's last annual report (Dec 2023), the company's revenue was $16.06B, which missed the average analysts forecast of $18.04B by -10.97%. Apple's EBITDA was $2.58B, missing the average prediction of $3.83B by -32.44%. The company's net income was $2.31B, beating the average estimation of $1.12B by 104.99%. Apple's SG&A was $348.7M, missing the average forecast of $406.9M by -14.30%. Lastly, the company's EPS was $10.27, beating the average prediction of $5.32 by 92.90%. In terms of the last quarterly report (Dec 2023), Targa Resources's revenue was $4.24B, beating the average analysts' forecast of $3.85B by 10.11%. The company's EBITDA was $115.5M, missing the average prediction of $950.72M by -87.85%. Targa Resources's net income was $1.26B, beating the average estimation of $324.36M by 288.27%. The company's SG&A was $95.3M, beating the average forecast of $89.66M by 6.29%. Lastly, the company's EPS was $5.61, beating the average prediction of $1.46 by 283.79%