Targa Resources Corp. (TRGP)
NYSE: TRGP · Real-Time Price · USD
167.51
+2.24 (1.36%)
Nov 4, 2024, 1:12 PM EST - Market open
Targa Resources Stock Forecast
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Targa Resources stock have an average target of 151.13, with a low estimate of 105 and a high estimate of 202. The average target predicts a decrease of -9.78% from the current stock price of 167.51.
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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 6 | 7 | 8 | 8 | 8 | 9 |
| Buy | 8 | 8 | 8 | 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 | 14 | 15 | 16 | 15 | 15 | 16 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Seaport Global | Seaport Global | Strong Buy Maintains $141 → $174 | Strong Buy | Maintains | $141 → $174 | +3.87% | Oct 29, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $173 → $202 | Buy | Maintains | $173 → $202 | +20.59% | Oct 25, 2024 |
| B of A Securities | B of A Securities | Strong Buy Initiates $182 | Strong Buy | Initiates | $182 | +8.65% | Oct 17, 2024 |
| RBC Capital | RBC Capital | Buy Maintains $153 → $172 | Buy | Maintains | $153 → $172 | +2.68% | Oct 16, 2024 |
| Barclays | Barclays | Buy Maintains $155 → $171 | Buy | Maintains | $155 → $171 | +2.08% | Oct 15, 2024 |
Financial Forecast
Revenue This Year
18.44B
from 16.06B
Increased by 14.82%
Revenue Next Year
21.79B
from 18.44B
Increased by 18.15%
EPS This Year
5.88
from 3.66
Increased by 60.70%
EPS Next Year
8.13
from 5.88
Increased by 38.19%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 21.5B | 28.3B | 26.8B | ||
| Avg | 18.4B | 21.8B | 20.7B | ||
| Low | 15.2B | 14.7B | 15.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 33.9% | 53.4% | 23.1% | ||
| Avg | 14.8% | 18.1% | -4.9% | ||
| Low | -5.5% | -20.0% | -29.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.69 | 15.93 | 10.75 | ||
| Avg | 5.88 | 8.13 | 9.20 | ||
| Low | 3.94 | 5.35 | 7.53 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 82.7% | 170.8% | 32.3% | ||
| Avg | 60.7% | 38.2% | 13.2% | ||
| Low | 7.6% | -9.0% | -7.4% |
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.