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

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TRGP Stock Forecast

Targa Resources stock forecast is as follows: an average price target of $182.86 (represents a -9.86% downside from TRGP’s last price of $202.86) and a rating consensus of 'Buy', based on 10 wall street analysts offering a 1-year stock forecast.

TRGP Price Target

The average price target for Targa Resources (TRGP) is $182.86 based on 1-year price targets from 10 Wall Street analysts in the past 3 months, with a price target range of $225.00 to $141.00. This represents a potential -9.86% downside from TRGP's last price of $202.86.

TRGP Analyst Ratings

Buy

According to 10 Wall Street analysts, Targa Resources's rating consensus is 'Buy'. The analyst rating breakdown for TRGP stock is 1 'Strong Buy' (10.00%), 9 'Buy' (90.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Targa Resources Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 19, 2024Selman AkyolStifel Nicolaus$224.00$135.6965.08%10.42%
Nov 15, 2024Neal DingmannTruist Financial$225.00$193.4816.29%10.91%
Oct 22, 2024Gabriel MoreenMizuho Securities$181.00$161.7111.93%-10.78%
Oct 17, 2024Jean Ann SalisburyBank of America Securities$182.00$162.6311.91%-10.28%
Oct 16, 2024Elvira ScottoRBC Capital$172.00$162.026.16%-15.21%
Oct 03, 2024Theresa ChenBarclays$155.00$153.241.15%-23.59%
Jul 30, 2024Sunil SibalSeaport Global$141.00$134.145.11%-30.49%
Jul 17, 2024Tristan RichardsonScotiabank$142.00$136.224.24%-30.00%
Jun 26, 2024John StaszakArgus Research$140.00$129.837.83%-30.99%
Jun 07, 2024Neal DingmannTruist Financial$125.00$118.005.93%-38.38%
May 16, 2024Elvira ScottoRBC Capital$128.00$115.5810.75%-36.90%
Apr 09, 2024Christine ChoBarclays$122.00$114.416.63%-39.86%
Apr 03, 2024Gabriel MoreenMizuho Securities$130.00$113.2914.75%-35.92%
Mar 19, 2024Neal DingmannTruist Financial$120.00$109.119.98%-40.85%
Dec 15, 2022UBS$106.00$71.1149.06%-47.75%
Dec 09, 2022Citigroup$95.00$68.2739.15%-53.17%
Nov 29, 2022Truist Financial$90.00$72.9723.33%-55.63%
Aug 09, 2022Mizuho Securities$91.00$66.2037.46%-55.14%
Jul 20, 2022Morgan Stanley$105.00$63.1866.19%-48.24%
Jul 20, 2022Barclays$87.00$62.6438.89%-57.11%
Jul 12, 2022RBC Capital$100.00$58.9369.69%-50.70%
May 02, 2022Truist Financial$78.00$72.377.78%-61.55%
Apr 28, 2022Wells Fargo$86.00$74.2715.79%-57.61%
Apr 26, 2022Morgan Stanley$103.00$73.2240.67%-49.23%
Apr 20, 2022Raymond James$92.00$79.6315.54%-54.65%
Feb 04, 2022Keith StanleyWolfe Research$71.00$61.0616.28%-65.00%
Jan 26, 2022Shneur GershuniUBS$72.00$57.0126.29%-64.51%
Jan 20, 2022Theresa ChenBarclays$72.00$55.2230.39%-64.51%
Jan 18, 2022Chase MulvehillBank of America Securities$72.00$57.0826.14%-64.51%
Jan 10, 2022Timm SchneiderCitigroup$67.00$54.2423.53%-66.97%
Jan 07, 2022Robert KadMorgan Stanley$74.00$55.5733.17%-63.52%
Aug 25, 2021Pearce HammondPiper Sandler$46.00$44.014.52%-77.32%
May 07, 2021Mirek ZakNeuberger Berman$45.00$37.8418.92%-77.82%

The latest Targa Resources stock forecast, released on Nov 19, 2024 by Selman Akyol from Stifel Nicolaus, set a price target of $224.00, which represents a 65.08% increase from the stock price at the time of the forecast ($135.69), and a 10.42% increase from TRGP last price ($202.86).

Targa Resources Price Target by Period

1M3M12M
# Anlaysts-214
Avg Price Target-$224.50$156.21
Last Closing Price$202.86$202.86$202.86
Upside/Downside-100.00%10.67%-23.00%

In the current month, the average price target of Targa Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Targa Resources's last price of $202.86. 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 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
Jun 11, 2024UBSBuyBuyHold
Jun 10, 2024Morgan StanleyOverweightOverweightHold
Jun 10, 2024BarclaysOverweightOverweightHold
May 16, 2024RBC CapitalOutperformOutperformHold
Apr 09, 2024BarclaysOverweightOverweightHold
Apr 02, 2024CitigroupBuyBuyHold
Jan 17, 2024BarclaysOverweightOverweightHold
Sep 20, 2023Morgan StanleyOverweightOverweightHold
Sep 20, 2023CitigroupBuyBuyHold
Sep 20, 2023Raymond JamesStrong BuyStrong BuyHold
Sep 20, 2023BarclaysOverweightOverweightHold
Sep 20, 2023Piper SandlerBuyBuyHold
Dec 15, 2022UBSBuyBuyHold
Dec 09, 2022CitigroupBuyInitialise
Jul 20, 2022Morgan StanleyOverweightOverweightHold
Jul 20, 2022BarclaysOverweightOverweightHold
Jul 12, 2022RBC CapitalOutperformOutperformHold
May 20, 2022Wells FargoOverweightOverweightHold
Apr 28, 2022Wells FargoOverweightOverweightHold
Apr 26, 2022Morgan StanleyOverweightOverweightHold
Feb 25, 2022Raymond JamesStrong BuyStrong BuyHold

Targa Resources's last stock rating was published by Barclays on Jan 13, 2025. The company gave TRGP a "Overweight" rating, the same as its previous rate.

Targa Resources Financial Forecast

Targa Resources 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----------------$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$5.61B$5.13B$5.11B$5.10B$6.35B$5.82B$5.63B$5.71B$5.88B$4.94B$4.73B$4.84B$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$6.74B$6.16B$6.14B$6.13B$7.64B$7.00B$6.76B$6.86B$7.06B$5.94B$5.68B$5.70B$5.31B$4.28B$4.47B$4.30B$4.77B$6.40B$5.24B$6.35B$6.82B$6.71B$5.75B$4.94B$4.48B$3.75B$3.12B$2.61B$2.22B$1.98B
Low Forecast$4.74B$4.33B$4.32B$4.31B$5.37B$4.92B$4.76B$4.83B$4.97B$4.18B$3.99B$3.98B$3.73B$3.84B$4.47B$4.30B$3.34B$3.31B$3.69B$4.46B$4.97B$6.71B$5.75B$4.94B$4.48B$3.75B$3.12B$2.61B$2.22B$1.98B
# Analysts111111111112211134221111222225
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's average Quarter revenue forecast for Mar 24 based on 1 analysts is $4.30B, with a low forecast of $4.30B, and a high forecast of $4.30B. TRGP's average Quarter revenue forecast represents a 1.43% increase compared to the company's last Quarter revenue of $4.24B (Dec 23).

Targa Resources 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
# Analysts111111111112211134221111222225
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$662.21M$605.78M$603.54M$602.57M$750.59M$688.05M$664.82M$674.58M$694.42M$583.84M$558.45M$572.28M$521.50M$479.60M$528.46M$742.87M$454.84M$536.80M$515.43M$675.33M$4.60M$1.66B$1.42B$533.86M$1.11B$926.54M$771.56M$422.02M$549.28M$488.24M
High Forecast$795.79M$727.97M$725.28M$724.12M$901.99M$826.83M$798.92M$810.65M$834.49M$701.61M$671.10M$673.59M$626.69M$505.98M$528.46M$891.44M$563.00M$756.22M$619.40M$810.40M$5.52M$1.66B$1.42B$640.63M$1.11B$926.54M$771.56M$506.43M$549.28M$488.24M
Low Forecast$559.59M$511.91M$510.01M$509.20M$634.27M$581.43M$561.80M$570.05M$586.81M$493.37M$471.92M$469.85M$440.68M$453.23M$528.46M$594.29M$394.20M$391.39M$435.56M$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%

1 analysts predict TRGP's average Quarter EBITDA for Mar 24 to be $742.87M, with a high of $891.44M and a low of $594.29M. This is 543.17% upper than Targa Resources's previous annual EBITDA (Dec 23) of $115.50M.

Targa Resources 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
# Analysts111111111112211134221111222225
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$607.35M$590.91M$548.69M$566.51M$565.68M$504.95M$464.20M$456.86M$501.54M$437.72M$406.37M$422.27M$426.19M$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$766.62M$745.86M$692.57M$715.07M$714.02M$637.36M$585.92M$576.66M$633.06M$552.50M$512.93M$451.17M$437.29M$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$485.00M$471.87M$438.16M$452.39M$451.72M$403.23M$370.68M$364.82M$400.51M$349.54M$324.51M$368.93M$412.87M$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%

Targa Resources's average Quarter net income forecast for Mar 24 is $288.02M, with a range of $230.41M to $345.62M. TRGP's average Quarter net income forecast represents a -77.13% decrease compared to the company's last Quarter net income of $1.26B (Dec 23).

Targa Resources 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
# Analysts111111111112211134221111222225
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$129.85M$118.79M$118.35M$118.16M$147.18M$134.92M$130.36M$132.28M$136.17M$114.48M$109.51M$112.22M$102.26M$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$156.05M$142.75M$142.22M$141.99M$176.87M$162.13M$156.66M$158.96M$163.63M$137.58M$131.60M$132.08M$122.89M$99.22M$103.63M$144.95M$110.40M$148.29M$121.46M$131.78M$405.78M$156.20M$133.99M$104.17M$104.31M$87.38M$72.77M$82.35M$51.80M$46.05M
Low Forecast$109.73M$100.38M$100.01M$99.85M$124.37M$114.01M$110.16M$111.78M$115.07M$96.74M$92.54M$92.13M$86.41M$88.87M$103.63M$96.64M$77.30M$76.75M$85.41M$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%

Targa Resources's average Quarter SG&A projection for Mar 24 is $120.79M, based on 1 Wall Street analysts, with a range of $96.64M to $144.95M. The forecast indicates a 26.75% rise compared to TRGP last annual SG&A of $95.30M (Dec 23).

Targa Resources 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
# Analysts111111111112211134221111222225
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$2.76$2.69$2.49$2.58$2.57$2.30$2.11$2.08$2.28$1.99$1.85$1.92$1.94$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$3.48$3.39$3.15$3.25$3.25$2.90$2.66$2.62$2.88$2.51$2.33$2.05$1.99$1.59$1.31$1.31$1.73$1.50$1.25$1.44$1.70$1.24$1.12$0.98$0.65$0.50$0.29$0.15$0.31$0.14
Low Forecast$2.20$2.14$1.99$2.06$2.05$1.83$1.68$1.66$1.82$1.59$1.48$1.68$1.88$1.54$1.25$1.31$1.25$0.97$1.21$1.43$1.13$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%

According to 1 Wall Street analysts, Targa Resources's projected average Quarter EPS for Mar 24 is $1.31, with a low estimate of $1.31 and a high estimate of $1.31. This represents a -76.61% decrease compared to TRGP previous annual EPS of $5.61 (Dec 23).

Targa Resources Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ENLCEnLink Midstream$14.15$15.207.42%Hold
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

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 $182.86 with a range of $141 to $225, implying a -9.86% from its last price of $202.86. 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 -9.86% (from the last price of $202.86 to the average price target of $182.86), up by 10.91% based on the highest stock price target, and down by -30.49% based on the lowest stock price target.

Can Targa Resources stock reach $300?

TRGP's average twelve months analyst stock price target of $182.86 does not support the claim that Targa Resources can reach $300 in the near future.

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 $23.52B (high $28.26B, low $19.87B), average EBITDA is $2.78B (high $3.34B, low $2.35B), average net income is $1.99B (high $2.51B, low $1.59B), average SG&A $544.74M (high $654.62M, low $460.33M), and average EPS is $9.05 (high $11.43, low $7.23). TRGP's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $20.94B (high $25.17B, low $17.7B), average EBITDA is $2.47B (high $2.97B, low $2.09B), average net income is $2.31B (high $2.92B, low $1.85B), average SG&A $485.14M (high $583M, low $409.97M), and average EPS is $10.52 (high $13.27, low $8.4).

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, beating the average prediction of $2.18B by 18.41%. The company's net income was $2.31B, beating the average estimation of $1.12B by 106.35%. Apple's SG&A was $348.7M, missing the average forecast of $405.34M by -13.97%. 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 $454.84M by -74.61%. Targa Resources's net income was $1.26B, beating the average estimation of $321.58M by 291.63%. The company's SG&A was $95.3M, beating the average forecast of $89.19M by 6.85%. Lastly, the company's EPS was $5.61, beating the average prediction of $1.46 by 283.79%