Targa Resources (TRGP) Stock Forecast, Price Target & Predictions
TRGP Stock Forecast
Targa Resources stock forecast is as follows: an average price target of $129.88 (represents a -35.97% downside from TRGP’s last price of $202.84) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.
TRGP Price Target
TRGP Analyst Ratings
Buy
Targa Resources Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Nov 19, 2024 | Selman Akyol | Stifel Nicolaus | $224.00 | $135.69 | 65.08% | 10.43% |
Nov 15, 2024 | Neal Dingmann | Truist Financial | $225.00 | $193.48 | 16.29% | 10.92% |
Oct 22, 2024 | Gabriel Moreen | Mizuho Securities | $181.00 | $161.71 | 11.93% | -10.77% |
Oct 17, 2024 | Jean Ann Salisbury | Bank of America Securities | $182.00 | $162.63 | 11.91% | -10.27% |
Oct 16, 2024 | Elvira Scotto | RBC Capital | $172.00 | $162.02 | 6.16% | -15.20% |
Oct 03, 2024 | Theresa Chen | Barclays | $155.00 | $153.24 | 1.15% | -23.59% |
Jul 30, 2024 | Sunil Sibal | Seaport Global | $141.00 | $134.14 | 5.11% | -30.49% |
Jul 17, 2024 | Tristan Richardson | Scotiabank | $142.00 | $136.22 | 4.24% | -29.99% |
Jun 26, 2024 | John Staszak | Argus Research | $140.00 | $129.83 | 7.83% | -30.98% |
Jun 07, 2024 | Neal Dingmann | Truist Financial | $125.00 | $118.00 | 5.93% | -38.38% |
10
Targa Resources Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 3 | 6 | 14 |
Avg Price Target | $210.00 | $189.83 | $156.21 |
Last Closing Price | $202.84 | $202.84 | $202.84 |
Upside/Downside | 3.53% | -6.41% | -22.99% |
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 |
10
Targa Resources Financial Forecast
Targa Resources Revenue Forecast
Quarter
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 | $7.72B | $7.32B | $6.94B | $6.58B | $7.55B | $6.92B | $6.53B | $6.71B | $5.84B | $5.02B | $4.81B | $4.93B | $4.41B | $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 | $8.81B | $8.35B | $7.91B | $7.50B | $8.61B | $7.89B | $7.45B | $7.65B | $6.66B | $5.73B | $5.48B | $5.68B | $5.48B | $4.28B | $4.47B | $4.30B | $4.77B | $6.40B | $4.97B | $6.02B | $6.53B | $6.71B | $5.75B | $4.94B | $4.48B | $3.75B | $3.12B | $2.61B | $2.22B | $1.98B |
Low Forecast | $6.90B | $6.54B | $6.20B | $5.88B | $6.74B | $6.18B | $5.84B | $6.00B | $5.22B | $4.49B | $4.30B | $4.17B | $3.63B | $3.84B | $4.47B | $4.30B | $3.34B | $3.31B | $3.90B | $4.72B | $5.12B | $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 | 2 | 2 | 1 | 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% |
Forecast
Targa Resources EBITDA Forecast
Quarter
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 | 2 | 2 | 1 | 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 | $911.96M | $864.44M | $819.39M | $776.70M | $891.23M | $816.67M | $771.52M | $792.76M | $689.86M | $592.98M | $567.89M | $582.08M | $520.27M | $479.40M | $528.23M | $742.87M | $454.65M | $536.57M | $515.21M | $675.33M | $4.60M | $1.66B | $1.42B | $533.86M | $1.11B | $926.54M | $771.56M | $422.02M | $549.28M | $488.24M |
High Forecast | $1.04B | $985.54M | $934.19M | $885.51M | $1.02B | $931.08M | $879.60M | $903.83M | $786.51M | $676.06M | $647.45M | $670.78M | $647.44M | $505.76M | $528.23M | $891.44M | $562.75M | $755.89M | $587.39M | $810.40M | $5.52M | $1.66B | $1.42B | $640.63M | $1.11B | $926.54M | $771.56M | $506.43M | $549.28M | $488.24M |
Low Forecast | $814.60M | $772.15M | $731.92M | $693.78M | $796.08M | $729.48M | $689.15M | $708.13M | $616.21M | $529.68M | $507.26M | $492.28M | $428.93M | $453.03M | $528.23M | $594.29M | $394.03M | $391.22M | $460.21M | $540.27M | $3.68M | $1.66B | $1.42B | $427.09M | $1.11B | $926.54M | $771.56M | $337.62M | $549.28M | $488.24M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.25% | 0.60% | 0.77% | 1.72% | 191.44% | 0.43% | 0.49% | 0.95% | 0.00% | 0.54% | 0.23% | 0.63% | 0.34% | 0.82% |
Forecast
Targa Resources Net Income Forecast
Quarter
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 | 2 | 2 | 1 | 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 | $488.11M | $488.22M | $468.58M | $480.15M | $569.83M | $468.44M | $419.65M | $448.78M | $498.62M | $437.43M | $402.03M | $420.36M | $412.50M | $343.65M | $282.30M | $288.02M | $321.58M | $262.78M | $271.19M | $261.83M | $-1.31B | $268.29M | $241.42M | $206.98M | $143.26M | $111.24M | $65.35M | $163.62M | $68.62M | $31.22M |
High Forecast | $577.01M | $577.14M | $553.92M | $567.60M | $673.60M | $553.75M | $496.08M | $530.51M | $589.43M | $517.10M | $475.25M | $437.88M | $436.38M | $348.82M | $288.85M | $345.62M | $379.86M | $329.01M | $275.64M | $314.20M | $-1.05B | $275.24M | $248.81M | $248.38M | $143.26M | $111.24M | $65.35M | $196.35M | $68.62M | $31.22M |
Low Forecast | $420.37M | $420.47M | $403.55M | $413.51M | $490.74M | $403.43M | $361.41M | $386.50M | $429.42M | $376.72M | $346.24M | $400.66M | $386.44M | $338.47M | $275.74M | $230.41M | $274.10M | $213.64M | $266.75M | $209.47M | $-1.57B | $261.35M | $234.02M | $165.59M | $143.26M | $111.24M | $65.35M | $130.90M | $68.62M | $31.22M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.92% | 0.84% | 1.21% | 1.90% | -0.24% | 1.04% | 2.47% | 0.81% | -1.74% | 1.64% | 0.86% | 0.89% | 0.49% | 2.22% |
Forecast
Targa Resources SG&A Forecast
Quarter
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 | 2 | 2 | 1 | 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 | $178.90M | $169.58M | $160.74M | $152.37M | $174.84M | $160.21M | $151.35M | $155.52M | $135.33M | $116.33M | $111.40M | $114.19M | $102.06M | $94.05M | $103.63M | $120.79M | $89.19M | $105.26M | $101.07M | $109.81M | $338.15M | $156.20M | $133.99M | $86.81M | $104.31M | $87.38M | $72.77M | $68.62M | $51.80M | $46.05M |
High Forecast | $203.97M | $193.34M | $183.26M | $173.71M | $199.33M | $182.65M | $172.55M | $177.31M | $154.29M | $132.63M | $127.01M | $131.59M | $127.01M | $99.22M | $103.63M | $144.95M | $110.40M | $148.29M | $115.23M | $131.78M | $405.78M | $156.20M | $133.99M | $104.17M | $104.31M | $87.38M | $72.77M | $82.35M | $51.80M | $46.05M |
Low Forecast | $159.80M | $151.48M | $143.58M | $136.10M | $156.17M | $143.10M | $135.19M | $138.92M | $120.88M | $103.91M | $99.51M | $96.57M | $84.15M | $88.87M | $103.63M | $96.64M | $77.30M | $76.75M | $90.28M | $87.85M | $270.52M | $156.20M | $133.99M | $69.45M | $104.31M | $87.38M | $72.77M | $54.90M | $51.80M | $46.05M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.07% | 0.86% | 0.80% | 0.75% | 0.27% | 0.51% | 0.53% | 0.77% | 0.77% | 0.77% | 0.88% | 0.89% | 1.43% | 1.27% |
Forecast
Targa Resources EPS Forecast
Quarter
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 | 2 | 2 | 1 | 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 | $2.59 | $2.13 | $1.91 | $2.04 | $2.27 | $1.99 | $1.83 | $1.91 | $1.87 | $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 | $2.62 | $2.62 | $2.52 | $2.58 | $3.06 | $2.52 | $2.25 | $2.41 | $2.68 | $2.35 | $2.16 | $1.99 | $1.98 | $1.59 | $1.31 | $1.31 | $1.73 | $1.50 | $1.25 | $1.44 | $1.62 | $1.24 | $1.12 | $0.98 | $0.65 | $0.50 | $0.29 | $0.15 | $0.31 | $0.14 |
Low Forecast | $1.91 | $1.91 | $1.83 | $1.88 | $2.23 | $1.83 | $1.64 | $1.76 | $1.95 | $1.71 | $1.57 | $1.82 | $1.76 | $1.54 | $1.25 | $1.31 | $1.25 | $0.97 | $1.21 | $1.43 | $1.18 | $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% |
Forecast
Targa Resources Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
WES | Western Midstream Partners, LP | $37.44 | $38.17 | 1.95% | Hold |
HESM | Hess Midstream LP | $36.07 | $34.33 | -4.82% | Hold |
PAA | Plains All American Pipeline | $17.56 | $15.77 | -10.19% | Hold |
ENLC | EnLink Midstream | $15.46 | $13.86 | -10.35% | Hold |
PAGP | Plains GP | $18.81 | $16.05 | -14.67% | Buy |
MPLX | MPLX LP | $47.58 | $39.09 | -17.84% | Buy |
TRGP | Targa Resources | $202.84 | $129.88 | -35.97% | Buy |