Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
176.79
+4.26 (2.47%)
Dec 20, 2024, 4:00 PM EST - Market closed
Targa Resources Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Targa Resources stock have an average target of 176.19, with a low estimate of 105 and a high estimate of 246. The average target predicts a decrease of -0.34% from the current stock price of 176.79.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for TRGP stock from 16 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 8 | 8 | 8 | 9 | 9 | 9 |
| Buy | 8 | 7 | 7 | 7 | 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 | 16 | 15 | 15 | 16 | 16 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $185 → $223 | Strong Buy | Maintains | $185 → $223 | +26.14% | Dec 19, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $190 → $204 | Buy | Maintains | $190 → $204 | +15.39% | Dec 18, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $225 → $220 | Strong Buy | Maintains | $225 → $220 | +24.44% | Dec 13, 2024 |
| Stifel | Stifel | Strong Buy Maintains $190 → $224 | Strong Buy | Maintains | $190 → $224 | +26.70% | Nov 20, 2024 |
| UBS | UBS | Strong Buy Maintains $182 → $246 | Strong Buy | Maintains | $182 → $246 | +39.15% | Nov 15, 2024 |
Financial Forecast
Revenue This Year
18.21B
from 16.06B
Increased by 13.40%
Revenue Next Year
22.65B
from 18.21B
Increased by 24.38%
EPS This Year
6.11
from 3.66
Increased by 66.90%
EPS Next Year
7.88
from 6.11
Increased by 29.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.7B | 29.7B | 29.1B | ||
| Avg | 18.2B | 22.7B | 22.8B | ||
| Low | 15.8B | 17.7B | 18.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.9% | 62.8% | 28.4% | ||
| Avg | 13.4% | 24.4% | 0.8% | ||
| Low | -1.3% | -2.7% | -20.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 7.18 | 9.41 | 11.30 | ||
| Avg | 6.11 | 7.88 | 9.21 | ||
| Low | 3.94 | 4.77 | 5.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 96.1% | 54.0% | 43.3% | ||
| Avg | 66.9% | 29.1% | 16.8% | ||
| Low | 7.6% | -21.9% | -27.2% |
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.