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Targa Resources (TRGP) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

TRGP Stock Forecast

Targa Resources (TRGP) stock forecast, based on 31 Wall Street analysts, predicts a 12-month average price target of $211.00, with a high of $244.00 and a low of $181.00. This represents a 22.19% increase from the last price of $172.68.

$50 $90 $130 $170 $210 $250 High: $244 Avg: $211 Low: $181 Last Closed Price: $172.68

TRGP Stock Rating

Targa Resources stock's rating consensus is Buy, based on 31 Wall Street analysts. The breakdown includes 1 Strong Buy (3.23%), 25 Buy (80.65%), 5 Hold (16.13%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 31 5 25 1 Strong Sell Sell Hold Buy Strong Buy

TRGP Price Target Upside V Benchmarks

TypeNameUpside
StockTarga Resources22.19%
SectorEnergy Stocks 42.69%
IndustryOil & Gas Midstream Stocks 19.15%

Price Target Trends

1M3M12M
# Anlaysts1213
Avg Price Target$244.00$227.00$174.54
Last Closing Price$172.68$172.68$172.68
Upside/Downside41.30%31.46%1.08%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 256142-123
Mar, 2561421124
Feb, 2561421-23
Jan, 2561421-23
Dec, 2461421-23
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 17, 2025Morgan Stanley$244.00$196.6024.11%41.30%
Mar 06, 2025Scotiabank$210.00$181.9815.40%21.61%
Nov 19, 2024Selman AkyolStifel Nicolaus$224.00$135.6965.08%29.72%
Nov 15, 2024Neal DingmannTruist Financial$225.00$193.4816.29%30.30%
Oct 22, 2024Gabriel MoreenMizuho Securities$181.00$161.7111.93%4.82%
Oct 17, 2024Jean Ann SalisburyBank of America Securities$182.00$162.6311.91%5.40%
Oct 16, 2024Elvira ScottoRBC Capital$172.00$162.026.16%-0.39%
Oct 03, 2024Theresa ChenBarclays$155.00$153.241.15%-10.24%
Jul 30, 2024Sunil SibalSeaport Global$141.00$134.145.11%-18.35%
Jul 17, 2024Tristan RichardsonScotiabank$142.00$136.224.24%-17.77%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Jan 13, 2025BarclaysOverweightOverweighthold
Dec 18, 2024Wells FargoOverweightOverweighthold
Oct 29, 2024Seaport GlobalBuyBuyhold
Oct 16, 2024RBC CapitalOutperformOutperformhold
Oct 03, 2024BarclaysOverweightOverweighthold
Aug 13, 2024RBC CapitalOutperformOutperformhold
Jul 30, 2024Seaport GlobalBuyBuyhold
Jul 17, 2024ScotiabankOutperformOutperformhold
Jul 03, 2024BarclaysOverweightOverweighthold
Jun 20, 2024RBC CapitalOutperformOutperformhold

Financial Forecast

EPS Forecast

$-10 $-4 $2 $8 $14 $20 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-5.71$1.85$3.95$3.69$5.81----
Avg Forecast$-7.03$1.95$3.82$4.86$6.11$8.05$9.60$11.10$13.26
High Forecast$-5.97$2.29$4.98$6.41$6.73$9.01$11.01$12.74$18.42
Low Forecast$-8.29$1.65$2.79$3.84$5.85$6.93$8.62$9.60$8.93
Surprise %-18.78%-5.13%3.40%-24.07%-4.91%----

Revenue Forecast

$5B $17B $29B $41B $53B $65B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$8.26B$16.95B$20.93B$16.06B$16.38B----
Avg Forecast$8.01B$15.79B$21.76B$15.61B$16.49B$21.26B$23.67B$18.28B$46.84B
High Forecast$9.11B$17.96B$26.86B$16.63B$21.42B$27.28B$24.54B$18.39B$60.86B
Low Forecast$7.08B$13.96B$17.28B$15.04B$12.34B$17.10B$22.81B$18.17B$35.06B
Surprise %3.14%7.32%-3.83%2.88%-0.63%----

Net Income Forecast

$-200B $-150B $-100B $-50B $0 $50B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-1.32B$422.10M$896.80M$1.35B$1.28B----
Avg Forecast$-165.80B$-876.27M$-936.90M$828.20M$1.42B$1.66B$1.96B$2.17B$3.00B
High Forecast$-132.28B$-574.28M$-599.31M$1.14B$1.52B$2.04B$2.49B$2.88B$4.16B
Low Forecast$-199.31B$-1.18B$-1.27B$513.88M$1.32B$1.57B$1.95B$2.17B$2.02B
Surprise %-99.20%-148.17%-195.72%62.51%-10.02%----

TRGP Forecast FAQ

Is Targa Resources stock a buy?

Targa Resources stock has a consensus rating of Buy, based on 31 Wall Street analysts. The rating breakdown includes 1 Strong Buy, 25 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Targa Resources is a favorable investment for most analysts.

What is Targa Resources's price target?

Targa Resources's price target, set by 31 Wall Street analysts, averages $211 over the next 12 months. The price target range spans from $181 at the low end to $244 at the high end, suggesting a potential 22.19% change from the previous closing price of $172.68.

How does Targa Resources stock forecast compare to its benchmarks?

Targa Resources's stock forecast shows a 22.19% upside, underperforming the average forecast for the energy stocks sector (42.69%) and outperforming the oil & gas midstream stocks industry (19.15%).

What is the breakdown of analyst ratings for Targa Resources over the past three months?

  • April 2025: 26.09% Strong Buy, 60.87% Buy, 8.70% Hold, 0% Sell, 4.35% Strong Sell.
  • March 2025: 25.00% Strong Buy, 58.33% Buy, 8.33% Hold, 4.17% Sell, 4.17% Strong Sell.
  • February 2025: 26.09% Strong Buy, 60.87% Buy, 8.70% Hold, 4.35% Sell, 0% Strong Sell.

What is Targa Resources’s EPS forecast?

Targa Resources's average annual EPS forecast for its fiscal year ending in December 2025 is $8.05, marking a 38.55% increase from the reported $5.81 in 2024. Estimates for the following years are $9.6 in 2026, $11.1 in 2027, and $13.26 in 2028.

What is Targa Resources’s revenue forecast?

Targa Resources's average annual revenue forecast for its fiscal year ending in December 2025 is $21.26B, reflecting a 29.80% increase from the reported $16.38B in 2024. The forecast for 2026 is $23.67B, followed by $18.28B for 2027, and $46.84B for 2028.

What is Targa Resources’s net income forecast?

Targa Resources's net income forecast for the fiscal year ending in December 2025 stands at $1.66B, representing an 29.44% increase from the reported $1.28B in 2024. Projections indicate $1.96B in 2026, $2.17B in 2027, and $3B in 2028.