Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
146.31
-9.24 (-5.94%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Targa Resources Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Targa Resources stock have an average target of 139.27, with a low estimate of 105 and a high estimate of 163. The average target predicts a decrease of -4.81% from the current stock price of 146.31.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for TRGP stock from 15 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 6 | 7 | 8 | 8 | 8 |
| Buy | 8 | 8 | 8 | 8 | 7 | 7 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 14 | 15 | 16 | 15 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $147 → $163 | Strong Buy | Maintains | $147 → $163 | +11.41% | Sep 19, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $147 → $153 | Buy | Maintains | $147 → $153 | +4.57% | Aug 13, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $125 → $150 | Strong Buy | Maintains | $125 → $150 | +2.52% | Aug 5, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $124 → $153 | Buy | Maintains | $124 → $153 | +4.57% | Aug 5, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $132 → $147 | Strong Buy | Maintains | $132 → $147 | +0.47% | Aug 2, 2024 |
Financial Forecast
Revenue This Year
19.05B
from 16.06B
Increased by 18.62%
Revenue Next Year
22.49B
from 19.05B
Increased by 18.06%
EPS This Year
5.77
from 3.66
Increased by 57.68%
EPS Next Year
7.91
from 5.77
Increased by 37.09%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.5B | 28.3B | 28.2B | ||
| Avg | 19.1B | 22.5B | 21.8B | ||
| Low | 16.2B | 17.4B | 18.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.9% | 48.5% | 25.4% | ||
| Avg | 18.6% | 18.1% | -3.1% | ||
| Low | 0.6% | -8.5% | -20.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.63 | 15.93 | 11.11 | ||
| Avg | 5.77 | 7.91 | 8.96 | ||
| Low | 3.94 | 5.31 | 7.58 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 81.2% | 176.0% | 40.4% | ||
| Avg | 57.7% | 37.1% | 13.3% | ||
| Low | 7.6% | -8.0% | -4.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.